WEX (NYSE:WEX) will issue its quarterly earnings data before the market opens on Wednesday, April 25th. Analysts expect the company to announce earnings of $1.66 per share for the quarter. WEX has set its Q1 guidance at $1.66-1.74 EPS and its FY18 guidance at $7.30-7.70 EPS.
WEX (NYSE:WEX) last released its quarterly earnings data on Wednesday, February 21st. The business services provider reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.16. WEX had a net margin of 12.82% and a return on equity of 13.01%. The company had revenue of $331.30 million during the quarter, compared to analyst estimates of $327.19 million. During the same period last year, the business earned $1.28 earnings per share. WEX’s revenue was up 13.9% compared to the same quarter last year. On average, analysts expect WEX to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.
WEX stock opened at $162.26 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.71 and a quick ratio of 0.71. WEX has a 12 month low of $97.26 and a 12 month high of $165.58. The company has a market capitalization of $6,956.12, a PE ratio of 34.52, a PEG ratio of 1.61 and a beta of 1.79.
In other WEX news, insider Nicola S. Morris sold 2,700 shares of WEX stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $149.47, for a total transaction of $403,569.00. Following the completion of the sale, the insider now directly owns 6,387 shares in the company, valued at $954,664.89. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 9.00% of the company’s stock.
WEX has been the subject of a number of analyst reports. Credit Suisse Group restated an “outperform” rating and issued a $167.00 price objective (up from $141.00) on shares of WEX in a research report on Wednesday, January 17th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of WEX from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Morgan Stanley restated an “equal weight” rating and issued a $159.00 price objective (up from $149.00) on shares of WEX in a research report on Thursday, February 22nd. SunTrust Banks set a $160.00 price objective on shares of WEX and gave the company a “buy” rating in a research report on Friday, February 16th. Finally, Barclays restated an “equal weight” rating and issued a $170.00 price objective (up from $163.00) on shares of WEX in a research report on Thursday, February 22nd. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. WEX has an average rating of “Buy” and an average target price of $149.86.
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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.
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