WEX (NYSE:WEX – Get Free Report) updated its fourth quarter earnings guidance on Thursday. The company provided EPS guidance of $3.51-3.61 for the period, compared to the consensus EPS estimate of $4.28. The company issued revenue guidance of $630-640 million, compared to the consensus revenue estimate of $676.03 million. WEX also updated its FY 2024 guidance to 15.210-15.310 EPS.
WEX Stock Down 15.0 %
NYSE:WEX traded down $31.93 during mid-day trading on Thursday, reaching $181.11. The stock had a trading volume of 2,471,640 shares, compared to its average volume of 352,900. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $7.44 billion, a price-to-earnings ratio of 31.33, a price-to-earnings-growth ratio of 1.19 and a beta of 1.55. WEX has a 1-year low of $161.95 and a 1-year high of $244.04. The stock’s 50 day simple moving average is $199.67 and its two-hundred day simple moving average is $195.02.
WEX (NYSE:WEX – Get Free Report) last issued its earnings results 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. The company had revenue of $673.50 million during the quarter, compared to analyst estimates of $677.44 million. WEX had a return on equity of 31.05% and a net margin of 9.32%. Equities analysts anticipate that WEX will post 13.68 EPS for the current year.
Analyst Upgrades and Downgrades
Check Out Our Latest Report on WEX
Insider Activity at WEX
In other WEX news, insider Ann Elena Drew sold 1,182 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $172.73, for a total transaction of $204,166.86. Following the sale, the insider now directly owns 5,584 shares in the company, valued at approximately $964,524.32. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Ann Elena Drew sold 1,182 shares of WEX stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $172.73, for a total transaction of $204,166.86. Following the transaction, the insider now directly owns 5,584 shares in the company, valued at approximately $964,524.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jagtar Narula sold 508 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $200.00, for a total value 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 trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,905 shares of company stock worth $895,107 in the last 90 days. Corporate insiders own 1.10% of the company’s stock.
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.
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