WEX (WEX) Projected to Post Earnings on Thursday

WEX (NYSE:WEX) will likely be issuing its quarterly earnings data before the market opens on Thursday, February 13th. Analysts expect the company to announce 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.Persons interested in listening to the company’s earnings conference call can do so using this link.

WEX (NYSE:WEX) last announced its quarterly earnings results on Wednesday, February 5th. The business services provider reported $3.13 earnings per share (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%. On average, analysts expect WEX to post $14 EPS for the current fiscal year and $16 EPS for the next fiscal year.

WEX Trading Up 1.4 %

Shares of WEX opened at $154.20 on Tuesday. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.02 and a quick ratio of 1.04. WEX has a 1-year low of $146.03 and a 1-year high of $244.04. The stock has a market cap of $6.13 billion, a price-to-earnings ratio of 20.56, a price-to-earnings-growth ratio of 1.24 and a beta of 1.58. The firm has a 50 day simple moving average of $176.89 and a 200-day simple moving average of $185.69.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on WEX. Bank of America cut WEX from a “buy” rating to a “neutral” rating in a report on Thursday, February 6th. Robert W. Baird decreased their price target on WEX from $285.00 to $230.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Wolfe Research downgraded shares of WEX from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Mizuho decreased their target price on shares of WEX from $215.00 to $170.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, Wells Fargo & Company lowered their target price on shares of WEX from $180.00 to $160.00 and set an “equal weight” rating for the company in a report on Friday. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $199.73.

Insider Activity

In other WEX news, COO Robert Joseph Deshaies sold 175 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $189.44, for a total value of $33,152.00. Following the completion of the transaction, the chief operating officer now owns 7,582 shares in the company, valued at $1,436,334.08. This represents a 2.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.10% of the company’s stock.

About WEX

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.