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WEX Inc. provides corporate card payment solutions in North and South America, the Asia Pacific, and Europe. It operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment offers fleet vehicle payment and processing services. Its services include customer, account activation, and account retention services; authorization and billing inquiries, and account maintenance services; premium fleet services; credit and collections services; and merchant services. This segment markets its products directly to commercial and government vehicle fleet customers with small, medium, and large fleets, as well as with over-the-road and long haul fleets; and indirectly through co-branded and private label relationships. The Travel and Corporate Solutions segment provides payment processing solutions for corporate payment and transaction monitoring needs. Its products include virtual cards that are used for transactions where no card is presented and that require pre-authorization; and prepaid and gift card products that enables secure payment and financial management solutions with single card options, access to open or closed loop redemption, load limits, and with various expirations. This segment markets its products directly to commercial and government organizations. The Health and Employee Benefit Solutions segment offers healthcare payment products and software-as-a-service consumer directed platforms for healthcare market, as well as payroll related and employee benefit products in Brazil. The company was formerly known as Wright Express Corporation and changed its name to WEX Inc. in October 2012. WEX Inc. was founded in 1983 and is headquartered in South Portland, Maine.
Industry, Sector and Symbol
Industry Business services, not elsewhere classified
Sub-IndustryData Processing & Outsourced Services
SectorBusiness Services
SymbolNYSE:WEX
CUSIP96208T10
Phone207-773-8171
Debt
Debt-to-Equity Ratio1.20
Current Ratio1.45
Quick Ratio1.45
Price-To-Earnings
Trailing P/E Ratio37.74
Forward P/E Ratio23.91
P/E Growth1.67
Sales & Book Value
Annual Sales$1.25 billion
Price / Sales6.11
Cash Flow$9.4704 per share
Price / Cash18.73
Book Value$41.09 per share
Price / Book4.32
Profitability
EPS (Most Recent Fiscal Year)$4.70
Net Income$160.26 million
Net Margins13.66%
Return on Equity13.96%
Return on Assets3.55%
Miscellaneous
Employees3,300
Outstanding Shares43,080,000
WEX (NYSE:WEX) Frequently Asked Questions
What is WEX's stock symbol?
WEX trades on the New York Stock Exchange (NYSE) under the ticker symbol "WEX."
How will WEX's stock buyback program work?
WEX announced that its board has initiated a stock repurchase program on Tuesday, September 26th 2017, which allows the company to buyback $150,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.
How were WEX's earnings last quarter?
WEX Inc. (NYSE:WEX) posted its quarterly earnings data on Thursday, May, 3rd. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.73 by $0.08. The business services provider earned $354.83 million during the quarter, compared to the consensus estimate of $340.04 million. WEX had a net margin of 13.66% and a return on equity of 13.96%. The company's quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter last year, the business earned $1.23 earnings per share. View WEX's Earnings History.
When is WEX's next earnings date?
What guidance has WEX issued on next quarter's earnings?
WEX updated its FY18 earnings guidance on Thursday, May, 3rd. The company provided EPS guidance of $7.75-8.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.68. The company issued revenue guidance of $1.435-1.475, compared to the consensus revenue estimate of $1.43 billion.WEX also updated its Q2 guidance to $1.96-2.06 EPS.
What price target have analysts set for WEX?
14 brokerages have issued 1-year price targets for WEX's stock. Their predictions range from $115.00 to $185.00. On average, they expect WEX's share price to reach $152.9167 in the next year. View Analyst Ratings for WEX.
Who are some of WEX's key competitors?
Some companies that are related to WEX include NetEase (NTES), Ctrip.Com International (CTRP), Fleetcor (FLT), First Data (FDC), Global Payments (GPN), TSYS (TSS), Msci (MSCI), Worldpay (WP), Mercadolibre (MELI), CoStar Group (CSGP), Broadridge Financial Solutions (BR), Akamai Technologies (AKAM), Cielo (CIOXY), Alliance Data (ADS) and Zillow (Z).
Who are WEX's key executives?
WEX's management team includes the folowing people:
- Mr. Michael E. Dubyak, Exec. Chairman (Age 67)
- Ms. Melissa D. Smith, CEO, Pres and Director (Age 49)
- Mr. Roberto R. Simon, Chief Financial Officer (Age 44)
- Mr. Kenneth W. Janosick, Chief Portfolio Risk & Operations Officer (Age 56)
- Mr. Jeffrey Alan Young, Pres of Health (Age 52)
Has WEX been receiving favorable news coverage?
Media headlines about WEX stock have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. WEX earned a media sentiment score of 0.17 on Accern's scale. They also assigned news coverage about the business services provider an impact score of 46.95 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near future.
Who are WEX's major shareholders?
WEX's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.82%), Atlanta Capital Management Co. L L C (7.09%), Neuberger Berman Group LLC (4.30%), JPMorgan Chase & Co. (4.24%), Wells Fargo & Company MN (2.46%) and Frontier Capital Management Co. LLC (1.70%). Company insiders that own WEX stock include Eric Duprat, George W Hogan, Hilary A Rapkin, James Neary, Melissa D Smith, Michael E Dubyak, Nicola S Morris, Scott Robert Phillips and Stephen R Crowley. View Institutional Ownership Trends for WEX.
Which institutional investors are selling WEX stock?
WEX stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Champlain Investment Partners LLC, Point72 Asset Management L.P., Wells Fargo & Company MN, Atlanta Capital Management Co. L L C, Sei Investments Co., Franklin Resources Inc. and Oak Ridge Investments LLC. Company insiders that have sold WEX company stock in the last year include George W Hogan, Hilary A Rapkin, James Neary, Melissa D Smith, Nicola S Morris and Scott Robert Phillips. View Insider Buying and Selling for WEX.
Which institutional investors are buying WEX stock?
WEX stock was bought by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Frontier Capital Management Co. LLC, Columbus Circle Investors, BlackRock Inc., Westfield Capital Management Co. LP, WINTON GROUP Ltd, Braun Stacey Associates Inc. and A.R.T. Advisors LLC. View Insider Buying and Selling for WEX.
How do I buy shares of WEX?
Shares of WEX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is WEX's stock price today?
One share of WEX stock can currently be purchased for approximately $177.38.
How big of a company is WEX?
WEX has a market capitalization of $7.64 billion and generates $1.25 billion in revenue each year. The business services provider earns $160.26 million in net income (profit) each year or $4.70 on an earnings per share basis. WEX employs 3,300 workers across the globe.
How can I contact WEX?
WEX's mailing address is 97 DARLING AVENUE, SOUTH PORTLAND ME, 04106. The business services provider can be reached via phone at 207-773-8171 or via email at [email protected]
MarketBeat Community Rating for WEX (WEX)
MarketBeat's community ratings are surveys of what our community members think about WEX and other stocks. Vote "Outperform" if you believe WEX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe WEX will underperform the S&P 500 over the long term. You may vote once every thirty days.
WEX (NYSE:WEX) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
14 Wall Street analysts have issued ratings and price targets for WEX in the last 12 months. Their average twelve-month price target is $152.9167, suggesting that the stock has a possible downside of 13.79%. The high price target for WEX is $185.00 and the low price target for WEX is $115.00. There are currently 3 hold ratings and 11 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.79 | 2.80 | 2.73 | 2.79 |
| Ratings Breakdown: | 0 Sell Rating(s)
3 Hold Rating(s)
11 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
12 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
4 Hold Rating(s)
11 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
11 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $152.9167 | $151.0769 | $150.5385 | $127.0909 |
| Price Target Upside: | 13.79% downside | 3.88% downside | 2.61% downside | 4.72% upside |
WEX (NYSE:WEX) Consensus Price Target History
WEX (NYSE:WEX) Analyst Ratings History
Show:
(Data available from 5/27/2016 forward)
WEX (NYSE:WEX) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
WEX (NYSE WEX) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 4.57%
WEX (NYSE WEX) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/1/2018 | Nicola S Morris | Insider | Sell | 2,700 | $149.47 | $403,569.00 | 6,387 |  |
| 11/30/2017 | Scott Robert Phillips | Insider | Sell | 20,000 | $127.68 | $2,553,600.00 | | |
| 11/15/2017 | James Neary | Director | Sell | 177,207 | $120.00 | $21,264,840.00 | | |
| 11/9/2017 | Melissa D Smith | CEO | Sell | 3,329 | $125.00 | $416,125.00 | 60,380 | |
| 11/1/2017 | Melissa D Smith | CEO | Sell | 5 | $125.00 | $625.00 | 63,709 | |
| 10/12/2017 | Melissa D Smith | CEO | Sell | 3,333 | $120.00 | $399,960.00 | | |
| 9/26/2017 | Hilary A Rapkin | SVP | Sell | 2,500 | $115.00 | $287,500.00 | 15,224 | |
| 9/26/2017 | Melissa D Smith | CEO | Sell | 3,333 | $115.00 | $383,295.00 | 67,047 | |
| 8/14/2017 | James Neary | Director | Sell | 2,390,000 | $102.25 | $244,377,500.00 | | |
| 7/12/2017 | George W Hogan | SVP | Sell | 4,500 | $110.00 | $495,000.00 | 15,615 | |
| 6/26/2017 | Hilary A Rapkin | SVP | Sell | 2,000 | $105.00 | $210,000.00 | 15,424 | |
| 5/2/2017 | Scott Robert Phillips | SVP | Sell | 22,135 | $99.90 | $2,211,286.50 | | |
| 2/15/2017 | Michael E Dubyak | Director | Sell | 5,500 | $109.94 | $604,670.00 | 44,416 | |
| 12/30/2016 | Michael E Dubyak | Director | Sell | 5,500 | $111.22 | $611,710.00 | 49,916 | |
| 11/15/2016 | Michael E Dubyak | Director | Sell | 5,500 | $99.52 | $547,360.00 | 55,416 | |
| 11/2/2016 | George W Hogan | SVP | Sell | 1,950 | $103.88 | $202,566.00 | 12,824 | |
| 8/5/2016 | Melissa D Smith | CEO | Sell | 5,910 | $93.03 | $549,807.30 | 55,820 | |
| 8/2/2016 | Stephen R. Crowley | SVP | Sell | 1,808 | $90.95 | $164,437.60 | | |
| 7/29/2016 | Eric Duprat | Director | Sell | 1,100 | $93.73 | $103,103.00 | 1,593 | |
| 2/29/2016 | Michael E Dubyak | Director | Buy | 3,800 | $66.37 | $252,206.00 | 85,167 | |
| 11/2/2015 | George W Hogan | SVP | Sell | 2,791 | $89.74 | $250,464.34 | 13,844 | |
| 11/2/2015 | Jack Vanwoerkom | Director | Sell | 5,500 | $89.79 | $493,845.00 | 17,188 | |
| 5/19/2015 | Regina O Sommer | Director | Sell | 2,382 | $118.25 | $281,671.50 | | |
| 5/14/2015 | Kenneth Janosick | SVP | Sell | 1,290 | $116.36 | $150,104.40 | | |
| 2/13/2015 | Kenneth Janosick | SVP | Sell | 1,600 | $104.07 | $166,512.00 | | |
| 11/6/2014 | George W Hogan | SVP | Sell | 1,775 | $113.46 | $201,391.50 | | |
| 10/31/2014 | Hilary A Rapkin | SVP | Sell | 1,782 | $112.61 | $200,671.02 | | |
| 9/11/2014 | Hilary A Rapkin | SVP | Sell | 2,727 | $110.54 | $301,442.58 | | |
| 6/17/2014 | Steven Alan Elder | CFO | Sell | 1,081 | $105.00 | $113,505.00 | | |
| 5/5/2014 | Kenneth Janosick | SVP | Sell | 3,650 | $92.25 | $336,712.50 | 5,887 | |
| 12/23/2013 | David Maxsimic | Insider | Sell | 1,835 | $99.50 | $182,582.50 | 15,300 | |
| 12/9/2013 | George Hogan | SVP | Sell | 1,350 | $99.40 | $134,190.00 | 9,356 | |
| 12/2/2013 | Melissa Smith | Insider | Sell | 1,850 | $99.01 | $183,168.50 | 33,648 | |
| 11/13/2013 | Rowland Moriarty | Director | Sell | 6,966 | $97.75 | $680,926.50 | 36,753 | |
| 11/1/2013 | Michael E Dubyak | CEO | Sell | 20,750 | $92.16 | $1,912,320.00 | | |
| 10/30/2013 | Hilary A Rapkin | SVP | Sell | 2,250 | $90.00 | $202,500.00 | | |
| 10/30/2013 | Melissa D Smith | Insider | Sell | 2,100 | $88.95 | $186,795.00 | | |
| 9/23/2013 | David Maxsimic | Insider | Sell | 1,835 | $84.81 | $155,626.35 | 17,135 | |
| 3/20/2013 | David A Gagne | CEO | Buy | 5,000 | $0.85 | $4,250.00 | | |
(Data available from 1/1/2013 forward)
WEX (NYSE WEX) News Headlines
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WEX (NYSE:WEX) SEC Filings
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WEX (NYSE:WEX) Income Statement, Balance Sheet and Cash Flow Statement
WEX (NYSE WEX) Stock Chart for Sunday, May, 27, 2018
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