Brokerages Expect WEX Inc (WEX) to Post $2.26 Earnings Per Share
Equities analysts expect WEX Inc (NYSE:WEX) to report earnings per share (EPS) of $2.26 for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for WEX’s earnings, with the lowest EPS estimate coming in at $2.24 and the highest estimate coming in at $2.30. WEX reported earnings per share of $2.09 in the same quarter last year, which would indicate a positive year-over-year growth rate of 8.1%. The business is scheduled to announce its next quarterly earnings report on Thursday, August 1st.
According to Zacks, analysts expect that WEX will report full year earnings of $9.34 per share for the current financial year, with EPS estimates ranging from $9.23 to $9.50. For the next fiscal year, analysts forecast that the company will post earnings of $10.83 per share, with EPS estimates ranging from $10.47 to $11.00. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow WEX.
WEX (NYSE:WEX) last announced its quarterly earnings results on Thursday, May 2nd. The business services provider reported $1.72 EPS for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.19. WEX had a return on equity of 17.88% and a net margin of 8.84%. The business had revenue of $381.90 million for the quarter, compared to analysts’ expectations of $379.57 million. During the same period in the previous year, the firm earned $1.81 EPS. The business’s quarterly revenue was up 7.9% on a year-over-year basis.
Shares of WEX traded up $0.27 during mid-day trading on Wednesday, hitting $200.06. 3,466 shares of the company’s stock traded hands, compared to its average volume of 273,069. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.47 and a current ratio of 1.39. WEX has a 1 year low of $131.35 and a 1 year high of $212.13. The stock has a market capitalization of $8.56 billion, a PE ratio of 26.21, a price-to-earnings-growth ratio of 1.53 and a beta of 1.53.
In other news, CEO Melissa D. Smith sold 5,000 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $195.00, for a total transaction of $975,000.00. Following the transaction, the chief executive officer now directly owns 80,783 shares of the company’s stock, valued at $15,752,685. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider David G. Cooper sold 167 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $186.05, for a total value of $31,070.35. Following the transaction, the insider now directly owns 14,674 shares in the company, valued at $2,730,097.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,569 shares of company stock worth $7,496,575. 4.57% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in WEX. Vanguard Group Inc increased its position in WEX by 3.0% in the third quarter. Vanguard Group Inc now owns 3,840,898 shares of the business services provider’s stock worth $771,098,000 after buying an additional 111,362 shares in the last quarter. BlackRock Inc. increased its position in WEX by 0.8% in the first quarter. BlackRock Inc. now owns 3,836,236 shares of the business services provider’s stock worth $736,518,000 after buying an additional 28,937 shares in the last quarter. Janus Henderson Group PLC increased its position in WEX by 0.4% in the first quarter. Janus Henderson Group PLC now owns 3,809,094 shares of the business services provider’s stock worth $731,308,000 after buying an additional 13,441 shares in the last quarter. Wells Fargo & Company MN increased its position in WEX by 17.5% in the first quarter. Wells Fargo & Company MN now owns 1,357,772 shares of the business services provider’s stock worth $260,680,000 after buying an additional 202,492 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in WEX by 14.5% in the first quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,204,643 shares of the business services provider’s stock worth $231,279,000 after buying an additional 152,398 shares in the last quarter. 99.70% of the stock is currently owned by hedge funds and other institutional investors.
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 processing services.
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