WEX (NYSE:WEX – Get Free Report) is scheduled to be releasing its earnings data before the market opens on Thursday, July 25th. Analysts expect WEX to post earnings of $3.20 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.
WEX (NYSE:WEX – Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The business services provider reported $2.98 earnings per share for the quarter, topping analysts’ consensus estimates of $2.83 by $0.15. The firm had revenue of $652.70 million during the quarter, compared to analysts’ expectations of $653.52 million. WEX had a return on equity of 30.92% and a net margin of 10.21%. On average, analysts expect WEX to post $14 EPS for the current fiscal year and $16 EPS for the next fiscal year.
WEX Stock Performance
Shares of WEX stock opened at $185.67 on Wednesday. The firm has a market capitalization of $7.78 billion, a price-to-earnings ratio of 30.19, a price-to-earnings-growth ratio of 1.07 and a beta of 1.54. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.06 and a quick ratio of 1.06. The business has a fifty day moving average of $182.02 and a 200 day moving average of $206.31. WEX has a 1 year low of $161.95 and a 1 year high of $244.04.
Insider Activity at WEX
Analyst Ratings Changes
A number of equities analysts recently issued reports on WEX shares. Keefe, Bruyette & Woods reduced their target price on WEX from $275.00 to $230.00 and set an “outperform” rating for the company in a research note on Monday, July 8th. Robert W. Baird raised their target price on WEX from $272.00 to $285.00 and gave the stock an “outperform” rating in a research note on Monday, April 15th. Barclays raised their target price on WEX from $255.00 to $280.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. reduced their target price on WEX from $246.00 to $210.00 and set a “neutral” rating for the company in a research note on Friday, July 12th. Finally, Citigroup lifted their price objective on WEX from $240.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $238.85.
Check Out Our Latest Report on WEX
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.
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