Research Analysts Issue Forecasts for WEX FY2028 Earnings

WEX Inc. (NYSE:WEX) – Analysts at Zacks Research issued their FY2028 earnings estimates for WEX in a note issued to investors on Wednesday, February 25th. Zacks Research analyst Team forecasts that the business services provider will earn $18.09 per share for the year. The consensus estimate for WEX’s current full-year earnings is $14.09 per share.

WEX (NYSE:WEX) last posted its earnings results on Wednesday, February 4th. The business services provider reported $4.11 EPS for the quarter, beating analysts’ consensus estimates of $3.90 by $0.21. WEX had a net margin of 11.43% and a return on equity of 48.01%. The business had revenue of $672.90 million for the quarter, compared to the consensus estimate of $660.89 million. During the same quarter last year, the firm posted $3.57 EPS. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. WEX has set its FY 2026 guidance at 17.250-17.850 EPS and its Q1 2026 guidance at 3.80-4.000 EPS.

A number of other analysts have also recently weighed in on WEX. Cantor Fitzgerald raised their price target on shares of WEX from $158.00 to $166.00 and gave the company a “neutral” rating in a report on Monday, February 9th. Wall Street Zen downgraded WEX from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. JPMorgan Chase & Co. cut their price objective on shares of WEX from $175.00 to $155.00 and set a “neutral” rating on the stock in a research note on Friday, February 6th. UBS Group set a $165.00 target price on WEX and gave the stock a “neutral” rating in a report on Friday, February 6th. Finally, Morgan Stanley set a $146.00 price target on shares of WEX in a research report on Friday, February 6th. Three equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, WEX currently has a consensus rating of “Hold” and an average price target of $162.27.

WEX Trading Down 1.5%

WEX opened at $149.05 on Friday. WEX has a 12 month low of $110.45 and a 12 month high of $180.71. The stock has a fifty day moving average price of $155.12 and a 200-day moving average price of $156.74. The firm has a market cap of $5.11 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 1.17 and a beta of 0.98. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.86.

Hedge Funds Weigh In On WEX

Large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. lifted its position in shares of WEX by 158.3% during the first quarter. Goldman Sachs Group Inc. now owns 350,892 shares of the business services provider’s stock worth $55,097,000 after purchasing an additional 215,036 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of WEX during the first quarter worth about $394,000. Envestnet Asset Management Inc. boosted its holdings in shares of WEX by 16.4% in the second quarter. Envestnet Asset Management Inc. now owns 68,716 shares of the business services provider’s stock valued at $10,094,000 after acquiring an additional 9,663 shares during the period. Bessemer Group Inc. raised its holdings in shares of WEX by 44.9% in the second quarter. Bessemer Group Inc. now owns 4,248 shares of the business services provider’s stock valued at $624,000 after buying an additional 1,316 shares during the last quarter. Finally, Atria Investments Inc increased its holdings in shares of WEX by 13.8% in the second quarter. Atria Investments Inc now owns 6,275 shares of the business services provider’s stock valued at $922,000 after purchasing an additional 759 shares during the period. 97.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Jennifer Kimball sold 494 shares of the company’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $151.40, for a total value of $74,791.60. Following the completion of the sale, the chief accounting officer directly owned 3,671 shares in the company, valued at $555,789.40. This represents a 11.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Carlos Carriedo sold 1,575 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $159.90, for a total value of $251,842.50. Following the completion of the sale, the chief operating officer directly owned 3,695 shares of the company’s stock, valued at $590,830.50. This trade represents a 29.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 8,154 shares of company stock valued at $1,256,518. 1.40% of the stock is currently owned by company insiders.

WEX Company Profile

WEX Inc is a global financial technology company specializing in business payment solutions for fleet, travel, and corporate payments. The company delivers software-driven platforms and card-based services that help businesses automate payment processes, manage expenses and improve operational efficiency across a range of industries, including transportation, healthcare and government.

Founded in 1983 as Wright Express in Portland, Maine, the company began by offering fuel card services to trucking fleets.