WEX (WEX) Scheduled to Post Quarterly Earnings on Thursday

WEX (NYSE:WEX) is scheduled to post its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect WEX to post earnings of $3.45 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

WEX (NYSE:WEX) last issued its quarterly earnings results on Thursday, February 8th. The business services provider reported $3.14 earnings per share for the quarter, missing analysts’ consensus estimates of $3.29 by ($0.15). The company had revenue of $663.30 million during the quarter, compared to analysts’ expectations of $656.75 million. WEX had a return on equity of 31.33% and a net margin of 10.46%. 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

NYSE WEX opened at $229.85 on Thursday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.55. WEX has a 1 year low of $161.95 and a 1 year high of $244.04. The company has a market cap of $9.59 billion, a PE ratio of 37.31, a PEG ratio of 1.51 and a beta of 1.59. The stock’s 50-day moving average price is $228.84 and its two-hundred day moving average price is $201.82.

Insiders Place Their Bets

In other news, insider Ann Elena Drew sold 4,531 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $218.03, for a total transaction of $987,893.93. Following the transaction, the insider now owns 3,653 shares of the company’s stock, valued at approximately $796,463.59. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Melissa D. Smith sold 41,107 shares of WEX stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $205.00, for a total value of $8,426,935.00. Following the transaction, the chief executive officer now owns 81,998 shares in the company, valued at approximately $16,809,590. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ann Elena Drew sold 4,531 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $218.03, for a total transaction of $987,893.93. Following the sale, the insider now owns 3,653 shares of the company’s stock, valued at $796,463.59. The disclosure for this sale can be found here. Insiders sold 69,433 shares of company stock valued at $14,708,896 over the last quarter. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On WEX

Institutional investors have recently made changes to their positions in the business. Townsquare Capital LLC grew its holdings in WEX by 1.8% in the 4th quarter. Townsquare Capital LLC now owns 2,945 shares of the business services provider’s stock valued at $482,000 after buying an additional 51 shares during the last quarter. Raymond James Trust N.A. boosted its position in shares of WEX by 2.2% in the second quarter. Raymond James Trust N.A. now owns 2,502 shares of the business services provider’s stock valued at $455,000 after acquiring an additional 53 shares during the period. Steward Partners Investment Advisory LLC grew its stake in shares of WEX by 79.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 169 shares of the business services provider’s stock worth $33,000 after acquiring an additional 75 shares during the last quarter. Toroso Investments LLC increased its position in WEX by 3.7% during the first quarter. Toroso Investments LLC now owns 2,156 shares of the business services provider’s stock worth $396,000 after acquiring an additional 76 shares during the period. Finally, Snowden Capital Advisors LLC raised its stake in WEX by 6.7% during the 2nd quarter. Snowden Capital Advisors LLC now owns 1,257 shares of the business services provider’s stock valued at $229,000 after purchasing an additional 79 shares during the last quarter. 97.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on WEX. Truist Financial boosted their price target on shares of WEX from $185.00 to $220.00 and gave the company a “hold” rating in a report on Friday, February 9th. William Blair reiterated an “outperform” rating on shares of WEX in a report on Thursday, February 8th. Robert W. Baird increased their price objective on WEX from $272.00 to $285.00 and gave the stock an “outperform” rating in a research note on Monday. StockNews.com cut WEX from a “buy” rating to a “hold” rating in a research note on Tuesday, March 26th. Finally, JPMorgan Chase & Co. upped their target price on WEX from $205.00 to $239.00 and gave the company a “neutral” rating in a report on Friday, February 9th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $240.00.

About WEX

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.