Brokerages expect WEX Inc (NYSE:WEX) to post $2.12 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for WEX’s earnings, with the highest EPS estimate coming in at $2.16 and the lowest estimate coming in at $2.10. WEX reported earnings per share of $1.43 during the same quarter last year, which would suggest a positive year over year growth rate of 48.3%. The business is expected to announce its next quarterly earnings results before the market opens on Wednesday, October 31st.

On average, analysts expect that WEX will report full-year earnings of $8.11 per share for the current year, with EPS estimates ranging from $8.04 to $8.22. For the next fiscal year, analysts forecast that the firm will post earnings of $9.44 per share, with EPS estimates ranging from $9.16 to $9.70. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that follow WEX.

WEX (NYSE:WEX) last issued its earnings results on Thursday, August 2nd. The business services provider reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.04. WEX had a return on equity of 15.61% and a net margin of 14.61%. The firm had revenue of $370.88 million for the quarter, compared to the consensus estimate of $366.21 million. During the same quarter in the previous year, the company posted $1.26 earnings per share. The business’s quarterly revenue was up 22.0% compared to the same quarter last year.

A number of research analysts have commented on WEX shares. Deutsche Bank boosted their target price on WEX to $230.00 and gave the company a “buy” rating in a research note on Friday, June 22nd. Wolfe Research started coverage on WEX in a research note on Tuesday, July 17th. They issued a “market perform” rating on the stock. Morgan Stanley boosted their target price on WEX from $172.00 to $188.00 and gave the company a “hold” rating in a research note on Thursday, July 19th. Citigroup boosted their target price on WEX from $200.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, July 20th. Finally, SunTrust Banks restated a “buy” rating and issued a $215.00 target price on shares of WEX in a research note on Friday, August 3rd. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $194.80.

In other news, CFO Roberto Simon sold 4,137 shares of the company’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $189.05, for a total transaction of $782,099.85. Following the completion of the sale, the chief financial officer now owns 9,921 shares in the company, valued at approximately $1,875,565.05. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Hilary A. Rapkin sold 3,723 shares of the company’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $188.57, for a total value of $702,046.11. Following the sale, the insider now owns 12,544 shares of the company’s stock, valued at approximately $2,365,422.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,335 shares of company stock valued at $3,461,862. 4.57% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wendell David Associates Inc. boosted its stake in shares of WEX by 1.6% during the 2nd quarter. Wendell David Associates Inc. now owns 18,240 shares of the business services provider’s stock worth $3,474,000 after acquiring an additional 285 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in WEX by 2.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 10,800 shares of the business services provider’s stock valued at $2,057,000 after purchasing an additional 300 shares during the period. Aperio Group LLC boosted its stake in WEX by 2.6% during the 2nd quarter. Aperio Group LLC now owns 13,689 shares of the business services provider’s stock valued at $2,607,000 after purchasing an additional 347 shares during the period. HM Payson & Co. boosted its stake in WEX by 4.2% during the 2nd quarter. HM Payson & Co. now owns 8,903 shares of the business services provider’s stock valued at $1,696,000 after purchasing an additional 360 shares during the period. Finally, Cutler Group LP boosted its stake in WEX by 133.3% during the 2nd quarter. Cutler Group LP now owns 700 shares of the business services provider’s stock valued at $133,000 after purchasing an additional 400 shares during the period. Institutional investors own 99.12% of the company’s stock.

NYSE WEX traded down $4.57 on Thursday, reaching $186.93. The stock had a trading volume of 215,900 shares, compared to its average volume of 358,137. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.44 and a quick ratio of 1.44. WEX has a 1 year low of $118.40 and a 1 year high of $203.49. The company has a market capitalization of $8.65 billion, a P/E ratio of 39.77, a price-to-earnings-growth ratio of 1.77 and a beta of 1.71.

WEX Company Profile

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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Earnings History and Estimates for WEX (NYSE:WEX)

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