WEX Inc. (NYSE:WEX) Scheduled to Post Earnings on Tuesday
WEX Inc. (NYSE:WEX) is scheduled to be announcing its earnings results before the market opens on Tuesday, July 25th. Analysts expect the company to announce earnings of $1.25 per share for the quarter. WEX has set its Q2 guidance at $1.19-1.26 EPS and its FY17 guidance at $5.15-5.50 EPS.
WEX (NYSE:WEX) last released its quarterly earnings data on Thursday, April 27th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.13. WEX had a return on equity of 13.31% and a net margin of 6.07%. The company had revenue of $291.36 million during the quarter, compared to analysts’ expectations of $281.68 million. During the same period last year, the firm posted $0.98 earnings per share. The business’s revenue was up 41.5% on a year-over-year basis. On average, analysts expect WEX to post $5.32 EPS for the current fiscal year and $6.15 EPS for the next fiscal year.
Shares of WEX Inc. (NYSE WEX) opened at 110.95 on Tuesday. The firm has a market capitalization of $4.76 billion, a PE ratio of 69.56 and a beta of 1.80. WEX Inc. has a 52-week low of $89.89 and a 52-week high of $122.91. The stock has a 50 day moving average price of $103.14 and a 200-day moving average price of $107.51.
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In related news, SVP George W. Hogan sold 4,500 shares of the stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $110.00, for a total value of $495,000.00. Following the transaction, the senior vice president now owns 15,615 shares of the company’s stock, valued at $1,717,650. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Hilary A. Rapkin sold 2,000 shares of the stock in a transaction on Monday, June 26th. The shares were sold at an average price of $105.00, for a total value of $210,000.00. Following the completion of the transaction, the senior vice president now directly owns 15,424 shares in the company, valued at approximately $1,619,520. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,635 shares of company stock worth $2,916,287. Insiders own 0.86% of the company’s stock.
WEX has been the topic of a number of research analyst reports. Credit Suisse Group upgraded WEX from a “neutral” rating to an “outperform” rating in a research note on Thursday, April 27th. Zacks Investment Research downgraded WEX from a “hold” rating to a “sell” rating in a research note on Friday, April 7th. Deutsche Bank AG upgraded WEX from a “hold” rating to a “buy” rating and upped their price objective for the company from $116.00 to $125.00 in a research note on Monday, June 5th. Jefferies Group LLC reiterated a “buy” rating and issued a $135.00 price objective on shares of WEX in a research note on Monday, May 15th. Finally, BidaskClub downgraded WEX from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. WEX has an average rating of “Buy” and a consensus target price of $117.70.
WEX Inc is a provider of corporate payment solutions. The Company operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment provides customers with payment and transaction processing services designed for the needs of commercial and government fleets.
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