Wall Street brokerages expect WEX Inc (NYSE:WEX) to post earnings of $2.11 per share for the current quarter, according to Zacks. Five analysts have issued estimates for WEX’s earnings, with the lowest EPS estimate coming in at $2.08 and the highest estimate coming in at $2.15. WEX reported earnings per share of $1.49 in the same quarter last year, which suggests a positive year-over-year growth rate of 41.6%. The business is scheduled to report its next quarterly earnings results on Wednesday, February 20th.
On average, analysts expect that WEX will report full year earnings of $8.20 per share for the current financial year, with EPS estimates ranging from $8.16 to $8.23. For the next fiscal year, analysts expect that the company will post earnings of $9.58 per share, with EPS estimates ranging from $9.23 to $9.80. Zacks’ EPS averages are a mean average based on a survey of research firms that cover WEX.
WEX (NYSE:WEX) last announced its quarterly earnings results on Wednesday, October 31st. The business services provider reported $2.19 EPS for the quarter, topping the Zacks’ consensus estimate of $2.12 by $0.07. The business had revenue of $382.70 million for the quarter, compared to analysts’ expectations of $375.15 million. WEX had a return on equity of 16.92% and a net margin of 15.63%. The business’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.43 EPS.
WEX has been the topic of several research analyst reports. ValuEngine cut WEX from a “buy” rating to a “hold” rating in a research note on Tuesday, November 6th. Deutsche Bank reissued a “buy” rating and set a $186.00 target price on shares of WEX in a research note on Wednesday, November 21st. Barclays initiated coverage on WEX in a research note on Wednesday, November 14th. They set an “overweight” rating and a $211.00 target price on the stock. Zacks Investment Research raised WEX from a “hold” rating to a “buy” rating and set a $211.00 target price on the stock in a research note on Saturday, October 13th. Finally, Wells Fargo & Co raised WEX from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $190.00 to $200.00 in a research note on Thursday, November 1st. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $198.50.
Hedge funds have recently modified their holdings of the stock. TRUE Private Wealth Advisors purchased a new stake in WEX in the third quarter worth $103,000. Cutler Group LP boosted its holdings in WEX by 133.3% in the second quarter. Cutler Group LP now owns 700 shares of the business services provider’s stock worth $133,000 after acquiring an additional 400 shares in the last quarter. Parallel Advisors LLC bought a new stake in WEX in the third quarter worth $166,000. NumerixS Investment Technologies Inc boosted its holdings in WEX by 150.0% in the second quarter. NumerixS Investment Technologies Inc now owns 1,000 shares of the business services provider’s stock worth $191,000 after acquiring an additional 600 shares in the last quarter. Finally, HPM Partners LLC bought a new stake in WEX in the second quarter worth $215,000. 97.35% of the stock is currently owned by institutional investors.
WEX stock traded down $3.34 during trading hours on Wednesday, reaching $153.88. The company had a trading volume of 607,836 shares, compared to its average volume of 510,968. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.50 and a quick ratio of 1.50. The stock has a market capitalization of $6.68 billion, a P/E ratio of 32.74, a price-to-earnings-growth ratio of 1.38 and a beta of 1.69. WEX has a 12-month low of $126.26 and a 12-month high of $203.49.
WEX Company Profile
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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