WEX (NYSE:WEX) Releases Q1 2020 Pre-Market Earnings Guidance

WEX (NYSE:WEX) updated its first quarter 2020
Pre-Market earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 2.15-2.25 for the period, compared to the Thomson Reuters consensus estimate of $2.22. The company issued revenue guidance of $445-455 million, compared to the consensus revenue estimate of $450.78 million.WEX also updated its FY 2020
Pre-Market guidance to 10.15-10.55 EPS.

A number of equities research analysts have issued reports on the stock. ValuEngine raised shares of WEX from a sell rating to a hold rating in a report on Thursday. Wolfe Research set a $240.00 price objective on shares of WEX and gave the company a buy rating in a report on Friday, November 1st. Cowen assumed coverage on shares of WEX in a report on Friday, January 31st. They set a market perform rating and a $249.00 price objective for the company. SunTrust Banks lowered shares of WEX from a buy rating to a hold rating and set a $220.00 price objective for the company. in a report on Wednesday, January 29th. Finally, Morgan Stanley increased their price objective on shares of WEX from $231.00 to $233.00 and gave the company an equal weight rating in a report on Friday. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. WEX presently has an average rating of Buy and an average price target of $238.06.

Shares of NYSE WEX traded up $3.04 during midday trading on Friday, reaching $231.66. 480,965 shares of the stock traded hands, compared to its average volume of 380,703. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.30 and a quick ratio of 1.30. The stock has a market capitalization of $9.29 billion, a PE ratio of 153.42, a P/E/G ratio of 1.53 and a beta of 1.51. WEX has a one year low of $169.48 and a one year high of $234.95. The company’s 50 day moving average is $218.95 and its 200 day moving average is $206.22.

WEX (NYSE:WEX) last posted its earnings results on Thursday, February 13th. The business services provider reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.56 by $0.05. The firm had revenue of $440.05 million during the quarter, compared to the consensus estimate of $455.69 million. WEX had a return on equity of 18.86% and a net margin of 3.95%. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.02 EPS. As a group, equities analysts forecast that WEX will post 8.39 EPS for the current year.

In related news, CFO Roberto Simon sold 7,651 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $200.03, for a total value of $1,530,429.53. Following the completion of the sale, the chief financial officer now directly owns 16,902 shares in the company, valued at $3,380,907.06. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Melissa D. Smith sold 13,736 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $214.99, for a total value of $2,953,102.64. Following the completion of the sale, the chief executive officer now owns 71,339 shares of the company’s stock, valued at $15,337,171.61. The disclosure for this sale can be found here. 1.12% of the stock is currently owned by corporate insiders.

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 processing services.

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