Zacks: Analysts Expect WEX Inc (WEX) to Announce $2.11 EPS
Equities research analysts forecast that WEX Inc (NYSE:WEX) will report earnings of $2.11 per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for WEX’s earnings. The highest EPS estimate is $2.14 and the lowest is $2.09. WEX posted earnings of $1.43 per share during the same quarter last year, which would suggest a positive year over year growth rate of 47.6%. The firm is expected to announce its next quarterly earnings report on Wednesday, November 7th.
According to Zacks, analysts expect that WEX will report full-year earnings of $8.09 per share for the current year, with EPS estimates ranging from $8.04 to $8.14. For the next financial year, analysts anticipate that the company will post earnings of $9.39 per share, with EPS estimates ranging from $9.16 to $9.70. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow WEX.
WEX (NYSE:WEX) last issued its quarterly earnings data on Thursday, August 2nd. The business services provider reported $2.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.05 by $0.04. The company had revenue of $370.88 million during the quarter, compared to analysts’ expectations of $366.21 million. WEX had a return on equity of 15.61% and a net margin of 14.61%. The business’s revenue was up 22.0% on a year-over-year basis. During the same period last year, the business earned $1.26 earnings per share.
Shares of NYSE WEX traded down $1.57 during midday trading on Friday, reaching $197.12. 331,000 shares of the company traded hands, compared to its average volume of 361,178. The stock has a market cap of $8.59 billion, a PE ratio of 41.94, a PEG ratio of 1.76 and a beta of 1.74. WEX has a 12 month low of $109.46 and a 12 month high of $203.49. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.44 and a current ratio of 1.44.
In related news, CFO Roberto Simon sold 4,137 shares of WEX stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $189.05, for a total value of $782,099.85. Following the completion of the transaction, the chief financial officer now directly owns 9,921 shares of the company’s stock, valued at $1,875,565.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Melissa D. Smith sold 5,000 shares of WEX stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $190.00, for a total value of $950,000.00. Following the completion of the transaction, the chief executive officer now directly owns 72,544 shares of the company’s stock, valued at $13,783,360. The disclosure for this sale can be found here. Insiders sold 18,335 shares of company stock valued at $3,461,862 over the last ninety days. 4.57% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in WEX. Cutler Group LP raised its holdings in shares of WEX by 133.3% in the second quarter. Cutler Group LP now owns 700 shares of the business services provider’s stock valued at $133,000 after buying an additional 400 shares during the last quarter. NumerixS Investment Technologies Inc raised its holdings in WEX by 150.0% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 1,000 shares of the business services provider’s stock worth $191,000 after purchasing an additional 600 shares during the last quarter. Winslow Evans & Crocker Inc. bought a new stake in WEX during the 2nd quarter worth about $206,000. Hartford Investment Management Co. bought a new stake in WEX during the 2nd quarter worth about $214,000. Finally, HPM Partners LLC bought a new stake in WEX during the 2nd quarter worth about $215,000. 99.12% of the stock is owned by institutional investors and hedge funds.
WEX Inc provides corporate card payment solutions in North and South America, the Asia Pacific, and Europe. It operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment offers fleet vehicle payment and processing services.
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