WEX (WEX) Set to Announce Earnings on Thursday

WEX (NYSE:WEX) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $3.82 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

WEX (NYSE:WEX) last released its quarterly earnings data on Thursday, July 25th. The business services provider reported $3.29 EPS for the quarter, topping the consensus estimate of $3.20 by $0.09. WEX had a net margin of 9.32% and a return on equity of 31.05%. The business had revenue of $673.50 million for the quarter, compared to analyst estimates of $677.44 million. On average, analysts expect WEX to post $14 EPS for the current fiscal year and $16 EPS for the next fiscal year.

WEX Price Performance

WEX stock opened at $211.33 on Wednesday. WEX has a 52 week low of $161.95 and a 52 week high of $244.04. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.66. The firm’s 50-day simple moving average is $198.85 and its 200 day simple moving average is $194.99. The firm has a market capitalization of $8.68 billion, a PE ratio of 36.56, a P/E/G ratio of 1.22 and a beta of 1.55.

Analysts Set New Price Targets

Several research analysts recently weighed in on WEX shares. Jefferies Financial Group boosted their target price on shares of WEX from $190.00 to $210.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. cut their target price on shares of WEX from $210.00 to $200.00 and set a “neutral” rating for the company in a research note on Tuesday, August 20th. William Blair raised shares of WEX to a “strong-buy” rating in a research note on Friday, July 26th. Wells Fargo & Company boosted their target price on shares of WEX from $190.00 to $200.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, Bank of America boosted their target price on shares of WEX from $238.00 to $255.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Six analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $239.17.

Insider Buying and Selling

In related news, CFO Jagtar Narula sold 508 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $200.00, for a total transaction of $101,600.00. Following the completion of the sale, the chief financial officer now owns 7,120 shares of the company’s stock, valued at approximately $1,424,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other WEX news, COO Robert Joseph Deshaies sold 1,651 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.67, for a total value of $299,937.17. Following the completion of the transaction, the chief operating officer now owns 7,757 shares in the company, valued at $1,409,214.19. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jagtar Narula sold 508 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $200.00, for a total value of $101,600.00. Following the completion of the transaction, the chief financial officer now owns 7,120 shares of the company’s stock, valued at approximately $1,424,000. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,905 shares of company stock valued at $895,107. 1.10% of the stock is currently owned by corporate insiders.

WEX Company Profile

WEX Inc operates a commerce platform in the United States and internationally. The Mobility segment offers fleet vehicle payment solutions, transaction processing, and information management services; and provides account activation and account retention services; authorization and billing inquiries, and account maintenance services; account management; credit and collections services; merchant services; analytics solutions; and ancillary services and offerings.