WEX Inc. (NYSE:WEX – Get Free Report)’s stock price shot up 5.6% during trading on Thursday after the company announced better than expected quarterly earnings. The company traded as high as $164.94 and last traded at $164.4710. Approximately 236,169 shares were traded during trading, a decline of 56% from the average daily volume of 538,536 shares. The stock had previously closed at $155.68.
The business services provider reported $5.35 EPS for the quarter, topping analysts’ consensus estimates of $5.08 by $0.27. The business had revenue of $753.50 million during the quarter, compared to the consensus estimate of $740.72 million. WEX had a return on equity of 42.66% and a net margin of 11.50%.The business’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the prior year, the firm posted $3.95 EPS. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS.
WEX announced that its Board of Directors has approved a stock buyback program on Thursday, May 14th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the business services provider to repurchase up to 21.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
More WEX News
- Positive Sentiment: WEX beat Q2 expectations on both earnings and revenue, with EPS of $5.35 versus the $5.08 consensus and revenue of $753.5 million versus $740.7 million expected, signaling better-than-expected operating performance. WEX Inc. Reports Second Quarter 2026 Financial Results
- Positive Sentiment: Management raised guidance for both Q3 2026 and full-year 2026, with EPS outlook above Wall Street estimates, which is likely supporting the stock. WEX beats expectations on Q2 results, raises full-year outlook
- Positive Sentiment: Profitability improved sharply year over year, including a 14.2% revenue increase, higher gross profit, and strong EPS growth, reinforcing the view that WEX’s core businesses are trending better. WEX Inc. (WEX) Releases Q2 2026 Earnings: Revenue Growth and Profitability Improve
- Neutral Sentiment: One analyst commentary after the results stayed at Hold, describing earnings quality and segment trends as mixed, which may temper upside enthusiasm. WEX: Mixed Earnings Quality and Uneven Segment Trends Lead Jeffrey to Prefer Corpay, Maintain Hold Rating
Analysts Set New Price Targets
Several equities analysts have recently weighed in on WEX shares. Robert W. Baird lifted their price objective on WEX from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Morgan Stanley boosted their price objective on shares of WEX from $161.00 to $172.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Weiss Ratings upgraded shares of WEX from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 9th. Cantor Fitzgerald reiterated a “neutral” rating on shares of WEX in a report on Thursday. Finally, Wall Street Zen cut WEX from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $173.70.
Get Our Latest Stock Report on WEX
Insider Transactions at WEX
In other WEX news, Director James R. Groch bought 1,500 shares of WEX stock in a transaction dated Monday, May 18th. The stock was bought at an average cost of $142.95 per share, for a total transaction of $214,425.00. Following the purchase, the director owned 17,957 shares in the company, valued at $2,566,953.15. This represents a 9.11% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Robert Joseph Deshaies sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $148.40, for a total transaction of $296,800.00. Following 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 position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.40% of the company’s stock.
Institutional Investors Weigh In On WEX
A number of institutional investors have recently modified their holdings of the stock. Assenagon Asset Management S.A. acquired a new position in WEX in the second quarter worth about $208,000. Versant Capital Management Inc grew its position in shares of WEX by 55.2% in the 2nd quarter. Versant Capital Management Inc now owns 655 shares of the business services provider’s stock worth $92,000 after acquiring an additional 233 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of WEX by 679.8% in the 1st quarter. NewEdge Advisors LLC now owns 1,583 shares of the business services provider’s stock worth $242,000 after acquiring an additional 1,380 shares in the last quarter. Essential Partners LLC increased its holdings in shares of WEX by 20.5% in the 1st quarter. Essential Partners LLC now owns 1,451 shares of the business services provider’s stock valued at $222,000 after acquiring an additional 247 shares during the last quarter. Finally, Arete Wealth Advisors LLC bought a new stake in shares of WEX in the 1st quarter valued at approximately $3,501,000. Institutional investors and hedge funds own 97.47% of the company’s stock.
WEX Stock Performance
The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.83. The company has a 50-day moving average of $144.92 and a 200-day moving average of $152.41. The firm has a market capitalization of $5.72 billion, a price-to-earnings ratio of 18.45, a price-to-earnings-growth ratio of 0.99 and a beta of 0.85.
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.
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