WEX (NYSE:WEX – Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 15.210-15.310 for the period, compared to the consensus EPS estimate of 16.050. The company issued revenue guidance of $2.6 billion-$2.6 billion, compared to the consensus revenue estimate of $2.7 billion. WEX also updated its Q4 guidance to $3.51-3.61 EPS.
WEX Price Performance
WEX stock traded down $31.93 on Thursday, hitting $181.11. 2,471,640 shares of the company’s stock traded hands, compared to its average volume of 352,900. The stock has a market cap of $7.44 billion, a price-to-earnings ratio of 31.94, a P/E/G 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 company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.66. The stock has a fifty day moving average of $199.61 and a 200-day moving average of $195.12.
WEX (NYSE:WEX – Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The business services provider reported $3.29 EPS for the quarter, beating analysts’ consensus estimates of $3.20 by $0.09. The company had revenue of $673.50 million during the quarter, compared to the consensus estimate of $677.44 million. WEX had a return on equity of 31.05% and a net margin of 9.32%. On average, analysts forecast that WEX will post 13.68 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Check Out Our Latest Report on WEX
Insider Buying and Selling
In other WEX news, insider Ann Elena Drew sold 1,182 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $172.73, for a total value of $204,166.86. Following the completion of the sale, the insider now directly owns 5,584 shares of the company’s stock, valued at $964,524.32. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Ann Elena Drew sold 1,182 shares of the business’s stock in a transaction that occurred 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 transaction, the chief financial officer now owns 7,120 shares of the company’s stock, valued at $1,424,000. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,905 shares of company stock valued at $895,107. 1.10% of the stock is owned by company 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.
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