WEX (WEX) Projected to Post Earnings on Thursday

WEX (NYSE:WEX) is expected to post its quarterly earnings results before the market opens on Thursday, February 13th. Analysts expect WEX to post earnings of $3.56 per share and revenue of $635.64 million for the quarter. WEX has set its Q1 2025 guidance at 3.350-3.500 EPS and its FY 2025 guidance at 14.650-15.250 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

WEX (NYSE:WEX) last issued its quarterly earnings data on Wednesday, February 5th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.97 by $0.16. WEX had a net margin of 12.45% and a return on equity of 31.35%. On average, analysts expect WEX to post $13 EPS for the current fiscal year and $14 EPS for the next fiscal year.

WEX Stock Up 1.6 %

WEX opened at $187.09 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.87. The business has a 50 day moving average price of $179.09 and a two-hundred day moving average price of $186.23. WEX has a 52 week low of $165.51 and a 52 week high of $244.04. The company has a market cap of $7.44 billion, a PE ratio of 23.74, a P/E/G ratio of 1.50 and a beta of 1.58.

Insider Buying and Selling at WEX

In other news, COO Robert Joseph Deshaies sold 175 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $189.44, for a total transaction of $33,152.00. Following the completion of the sale, the chief operating officer now directly owns 7,582 shares in the company, valued at $1,436,334.08. This trade represents a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Wells Fargo & Company lowered their target price on shares of WEX from $200.00 to $180.00 and set an “equal weight” rating on the stock in a report on Friday, October 25th. Keefe, Bruyette & Woods lowered their price objective on shares of WEX from $247.00 to $220.00 and set an “outperform” rating on the stock in a research note on Monday, January 6th. Jefferies Financial Group boosted their price target on WEX from $180.00 to $190.00 and gave the stock a “hold” rating in a report on Wednesday, January 22nd. Robert W. Baird decreased their price objective on WEX from $285.00 to $230.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, Citigroup downgraded shares of WEX from a “buy” rating to a “neutral” rating and lowered their target price for the company from $260.00 to $190.00 in a report on Tuesday, January 14th. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $217.73.

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.