Brokers Set Expectations for WEX Inc’s Q1 2018 Earnings (WEX)

WEX Inc (NYSE:WEX) – Investment analysts at Oppenheimer lifted their Q1 2018 EPS estimates for shares of WEX in a report issued on Sunday. Oppenheimer analyst G. Greene now anticipates that the business services provider will post earnings of $1.48 per share for the quarter, up from their previous estimate of $1.22. Oppenheimer also issued estimates for WEX’s Q2 2018 earnings at $1.72 EPS, Q3 2018 earnings at $1.98 EPS, Q4 2018 earnings at $1.87 EPS and FY2018 earnings at $7.04 EPS.

Other research analysts also recently issued reports about the company. Morgan Stanley lifted their target price on WEX from $123.00 to $149.00 and gave the company an “equal weight” rating in a research note on Thursday, January 25th. Credit Suisse Group reiterated an “outperform” rating and issued a $167.00 target price (up from $141.00) on shares of WEX in a research note on Wednesday, January 17th. They noted that the move was a valuation call. Citigroup lifted their target price on WEX from $120.00 to $125.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. Mizuho reiterated a “buy” rating and issued a $115.00 target price on shares of WEX in a research note on Sunday, October 15th. Finally, SunTrust Banks upgraded WEX from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a research note on Tuesday, October 17th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. WEX presently has a consensus rating of “Buy” and an average target price of $141.23.

WEX (NYSE WEX) opened at $145.89 on Wednesday. WEX has a 12 month low of $97.26 and a 12 month high of $156.85. The firm has a market capitalization of $6,189.33, a P/E ratio of 30.11, a price-to-earnings-growth ratio of 1.59 and a beta of 1.91. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.20.

Several institutional investors and hedge funds have recently bought and sold shares of WEX. First Mercantile Trust Co. acquired a new stake in shares of WEX in the 4th quarter valued at approximately $191,000. Jane Street Group LLC lifted its holdings in shares of WEX by 104.3% in the 3rd quarter. Jane Street Group LLC now owns 1,786 shares of the business services provider’s stock valued at $200,000 after buying an additional 43,763 shares during the period. Quantitative Systematic Strategies LLC acquired a new stake in shares of WEX in the 3rd quarter valued at approximately $203,000. CIBC Asset Management Inc acquired a new position in WEX during the fourth quarter worth $211,000. Finally, Cigna Investments Inc. New acquired a new position in WEX during the fourth quarter worth $219,000.

In other news, CEO Melissa D. Smith sold 3,329 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $125.00, for a total value of $416,125.00. Following the completion of the sale, the chief executive officer now directly owns 60,380 shares of the company’s stock, valued at approximately $7,547,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Scott Robert Phillips sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $127.68, for a total value of $2,553,600.00. The disclosure for this sale can be found here. Insiders sold a total of 200,536 shares of company stock valued at $24,234,565 over the last three months. Insiders own 9.00% of the company’s stock.

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WEX Company Profile

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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