WEX (NYSE:WEX) Releases Q3 2026 Earnings Guidance

WEX (NYSE:WEX) issued an update on its third quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 5.450-5.650 for the period, compared to the consensus EPS estimate of 5.300. The company issued revenue guidance of $733.0 million-$753.0 million, compared to the consensus revenue estimate of $735.2 million. WEX also updated its FY 2026 guidance to 19.680-20.080 EPS.

WEX Stock Down 3.1%

WEX stock traded down $5.02 during mid-day trading on Wednesday, reaching $155.94. The company had a trading volume of 1,066,773 shares, compared to its average volume of 540,972. The firm has a fifty day simple moving average of $144.52 and a 200 day simple moving average of $152.36. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $5.41 billion, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 1.00 and a beta of 0.85. WEX has a fifty-two week low of $125.29 and a fifty-two week high of $186.85.

WEX (NYSE:WEX) last issued its earnings results on Wednesday, April 22nd. The business services provider reported $4.15 earnings per share for the quarter, beating the consensus estimate of $3.92 by $0.23. WEX had a net margin of 11.50% and a return on equity of 42.66%. The firm had revenue of $673.80 million for the quarter, compared to analysts’ expectations of $660.96 million. During the same quarter last year, the company earned $3.51 earnings per share. The firm’s revenue was up 5.8% compared to the same quarter last year. Analysts forecast that WEX will post 16.81 earnings per share for the current fiscal year.

WEX announced that its Board of Directors has authorized a share buyback plan on Thursday, May 14th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the business services provider to repurchase up to 21.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on WEX shares. Evercore upgraded shares of WEX to an “outperform” rating in a research note on Tuesday. Robert W. Baird upped their price objective on WEX from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Wall Street Zen downgraded WEX from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Loop Capital began coverage on WEX in a research report on Monday, April 27th. They set a “buy” rating and a $195.00 target price on the stock. Finally, Morgan Stanley boosted their target price on WEX from $161.00 to $172.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Five investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $173.70.

Insider Buying and Selling at WEX

In related news, COO Robert Joseph Deshaies sold 2,000 shares of the business’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $148.40, for a total value of $296,800.00. Following the completion of the sale, the chief operating officer directly owned 20,288 shares of the company’s stock, valued at $3,010,739.20. The trade was a 8.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James R. Groch acquired 1,500 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was bought at an average price of $142.95 per share, with a total value of $214,425.00. Following the purchase, the director directly owned 17,957 shares of the company’s stock, valued at $2,566,953.15. This represents a 9.11% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its position in WEX by 794.0% during the fourth quarter. AQR Capital Management LLC now owns 889,802 shares of the business services provider’s stock worth $132,563,000 after buying an additional 790,271 shares during the period. Turtle Creek Asset Management Inc. acquired a new stake in shares of WEX in the third quarter valued at approximately $93,289,000. Par Capital Management Inc. boosted its holdings in shares of WEX by 21.6% in the fourth quarter. Par Capital Management Inc. now owns 2,252,000 shares of the business services provider’s stock valued at $335,503,000 after acquiring an additional 400,500 shares during the period. New South Capital Management Inc. grew its position in shares of WEX by 627.0% during the fourth quarter. New South Capital Management Inc. now owns 268,023 shares of the business services provider’s stock worth $39,930,000 after acquiring an additional 231,158 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew 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 acquiring an additional 215,036 shares during the last quarter. Hedge funds and other institutional investors own 97.47% of the company’s stock.

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.