Equities research analysts expect WEX Inc (NYSE:WEX) to report $2.09 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for WEX’s earnings, with estimates ranging from $2.04 to $2.12. WEX posted earnings of $1.49 per share in the same quarter last year, which would suggest a positive year over year growth rate of 40.3%. The firm is expected to announce its next earnings report on Wednesday, March 20th.
According to Zacks, analysts expect that WEX will report full year earnings of $8.17 per share for the current fiscal year, with EPS estimates ranging from $8.12 to $8.21. For the next financial year, analysts anticipate that the firm will report earnings of $8.91 per share, with EPS estimates ranging from $8.80 to $9.00. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover WEX.
A number of analysts have recently weighed in on the company. Deutsche Bank reissued a “buy” rating and issued a $186.00 price objective on shares of WEX in a research report on Wednesday, November 21st. Goldman Sachs Group cut WEX from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $205.00 to $167.00 in a research report on Tuesday, December 11th. Zacks Investment Research cut WEX from a “buy” rating to a “hold” rating in a report on Monday, December 10th. William Blair reissued an “outperform” rating on shares of WEX in a report on Wednesday, January 30th. Finally, Barclays assumed coverage on WEX in a report on Wednesday, November 14th. They issued an “overweight” rating and a $211.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $196.30.
Several hedge funds have recently modified their holdings of WEX. Advisors Asset Management Inc. increased its stake in shares of WEX by 82.1% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,686 shares of the business services provider’s stock valued at $512,000 after purchasing an additional 1,211 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in WEX by 342.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 84,332 shares of the business services provider’s stock worth $16,931,000 after buying an additional 65,284 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in WEX by 3.0% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 50,976 shares of the business services provider’s stock worth $10,234,000 after buying an additional 1,490 shares in the last quarter. Chicago Equity Partners LLC increased its stake in WEX by 31.7% during the 3rd quarter. Chicago Equity Partners LLC now owns 17,950 shares of the business services provider’s stock worth $3,604,000 after buying an additional 4,325 shares in the last quarter. Finally, Comerica Bank increased its stake in WEX by 10.6% during the 3rd quarter. Comerica Bank now owns 33,765 shares of the business services provider’s stock worth $6,178,000 after buying an additional 3,233 shares in the last quarter. 98.59% of the stock is owned by institutional investors and hedge funds.
Shares of WEX stock traded up $0.24 during trading on Thursday, reaching $180.06. The company’s stock had a trading volume of 335,500 shares, compared to its average volume of 401,144. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.50 and a quick ratio of 1.50. The stock has a market capitalization of $7.75 billion, a price-to-earnings ratio of 38.31, a PEG ratio of 1.44 and a beta of 1.51. WEX has a 1-year low of $131.35 and a 1-year high of $203.49.
WEX Company Profile
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.
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