Zacks Research Weighs in on WEX’s FY2027 Earnings (NYSE:WEX)

WEX Inc. (NYSE:WEX) – Research analysts at Zacks Research issued their FY2027 earnings per share estimates for shares of WEX in a report issued on Wednesday, February 26th. Zacks Research analyst R. Department forecasts that the business services provider will earn $15.54 per share for the year. The consensus estimate for WEX’s current full-year earnings is $14.09 per share. Zacks Research also issued estimates for WEX’s FY2027 earnings at $15.54 EPS.

WEX (NYSE:WEX) last issued its earnings results on Wednesday, February 5th. The business services provider reported $3.13 EPS for the quarter, beating the consensus estimate of $2.97 by $0.16. WEX had a net margin of 11.78% and a return on equity of 32.35%.

Other equities research analysts also recently issued reports about the company. UBS Group lowered their price target on WEX from $200.00 to $172.00 and set a “neutral” rating for the company in a report on Friday, February 7th. Jefferies Financial Group increased their target price on WEX from $180.00 to $190.00 and gave the stock a “hold” rating in a research note on Wednesday, January 22nd. Mizuho dropped their target price on shares of WEX from $215.00 to $170.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Citigroup cut shares of WEX from a “buy” rating to a “neutral” rating and reduced their price target for the company from $260.00 to $190.00 in a report on Tuesday, January 14th. Finally, Robert W. Baird set a $186.00 price objective on shares of WEX in a research report on Tuesday, February 18th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $195.73.

WEX Price Performance

WEX opened at $157.07 on Friday. The stock has a market cap of $6.10 billion, a P/E ratio of 20.94, a P/E/G ratio of 2.06 and a beta of 1.58. WEX has a 12 month low of $146.03 and a 12 month high of $244.04. The company has a quick ratio of 1.04, a current ratio of 1.02 and a debt-to-equity ratio of 2.07. The company has a fifty day simple moving average of $170.52 and a 200 day simple moving average of $183.46.

Hedge Funds Weigh In On WEX

Large investors have recently modified their holdings of the business. Janus Henderson Group PLC increased its position in shares of WEX by 0.6% in the third quarter. Janus Henderson Group PLC now owns 4,163,678 shares of the business services provider’s stock valued at $873,251,000 after acquiring an additional 25,365 shares during the last quarter. JPMorgan Chase & Co. grew its stake in WEX by 105.8% in the fourth quarter. JPMorgan Chase & Co. now owns 2,046,614 shares of the business services provider’s stock valued at $358,812,000 after purchasing an additional 1,052,087 shares in the last quarter. FMR LLC increased its position in shares of WEX by 8.8% during the 3rd quarter. FMR LLC now owns 1,555,507 shares of the business services provider’s stock worth $326,237,000 after purchasing an additional 125,262 shares during the last quarter. State Street Corp raised its stake in shares of WEX by 0.3% during the 3rd quarter. State Street Corp now owns 1,240,953 shares of the business services provider’s stock worth $260,265,000 after purchasing an additional 3,882 shares in the last quarter. Finally, Earnest Partners LLC boosted its holdings in shares of WEX by 1.0% in the 4th quarter. Earnest Partners LLC now owns 872,734 shares of the business services provider’s stock valued at $153,008,000 after buying an additional 8,780 shares during the last quarter. 97.47% of the stock is currently owned by institutional investors and hedge funds.

WEX Company Profile

WEX Inc operates a commerce platform in the United States and internationally. The Mobility segment offers fleet vehicle payment solutions, transaction processing, and information management services; and provides account activation and account retention services; authorization and billing inquiries, and account maintenance services; account management; credit and collections services; merchant services; analytics solutions; and ancillary services and offerings.