Analysts expect WEX Inc (NYSE:WEX) to post $372.61 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for WEX’s earnings. The lowest sales estimate is $366.55 million and the highest is $375.30 million. WEX posted sales of $331.31 million in the same quarter last year, which suggests a positive year-over-year growth rate of 12.5%. The business is expected to announce its next earnings report on Wednesday, February 20th.

On average, analysts expect that WEX will report full year sales of $1.48 billion for the current year, with estimates ranging from $1.47 billion to $1.49 billion. For the next fiscal year, analysts forecast that the company will post sales of $1.68 billion, with estimates ranging from $1.64 billion to $1.73 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover WEX.

WEX (NYSE:WEX) last announced its quarterly earnings results on Wednesday, October 31st. The business services provider reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.07. The company had revenue of $382.70 million for the quarter, compared to analyst estimates of $375.15 million. WEX had a net margin of 15.63% and a return on equity of 16.92%. The firm’s revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.43 EPS.

Several brokerages recently issued reports on WEX. Morgan Stanley lifted their price target on shares of WEX from $188.00 to $190.00 and gave the company a “hold” rating in a report on Friday, August 3rd. SunTrust Banks reaffirmed a “buy” rating and set a $215.00 price target on shares of WEX in a report on Friday, August 3rd. Zacks Investment Research upgraded shares of WEX from a “hold” rating to a “buy” rating and set a $211.00 target price on the stock in a research report on Saturday, October 13th. Wells Fargo & Co upgraded shares of WEX from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $190.00 to $200.00 in a research report on Thursday, November 1st. Finally, ValuEngine downgraded shares of WEX from a “buy” rating to a “hold” rating in a research report on Tuesday, November 6th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $202.90.

Shares of WEX stock traded down $5.07 during midday trading on Wednesday, hitting $154.57. 495,600 shares of the company traded hands, compared to its average volume of 374,381. The firm has a market capitalization of $6.88 billion, a PE ratio of 32.89, a price-to-earnings-growth ratio of 1.40 and a beta of 1.73. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.16. WEX has a 12 month low of $118.40 and a 12 month high of $203.49.

A number of large investors have recently bought and sold shares of WEX. UBS Group AG boosted its position in WEX by 36.4% during the 1st quarter. UBS Group AG now owns 5,125 shares of the business services provider’s stock worth $802,000 after buying an additional 1,368 shares during the period. LPL Financial LLC lifted its position in shares of WEX by 19.9% in the 1st quarter. LPL Financial LLC now owns 3,578 shares of the business services provider’s stock worth $552,000 after purchasing an additional 593 shares during the period. Principal Financial Group Inc. lifted its position in shares of WEX by 4.6% in the 1st quarter. Principal Financial Group Inc. now owns 178,049 shares of the business services provider’s stock worth $27,886,000 after purchasing an additional 7,891 shares during the period. State of Alaska Department of Revenue lifted its position in shares of WEX by 39.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 5,010 shares of the business services provider’s stock worth $954,000 after purchasing an additional 1,430 shares during the period. Finally, Xact Kapitalforvaltning AB lifted its position in shares of WEX by 29.7% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 6,544 shares of the business services provider’s stock worth $1,247,000 after purchasing an additional 1,500 shares during the period. Institutional investors and hedge funds own 99.04% of the company’s stock.

About WEX

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.

Further Reading: What is insider trading?

Get a free copy of the Zacks research report on WEX (WEX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for WEX (NYSE:WEX)

Receive News & Ratings for WEX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WEX and related companies with MarketBeat.com's FREE daily email newsletter.