WEX (NYSE:WEX – Get Free Report) will be issuing its quarterly earnings data before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $3.82 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.
WEX (NYSE:WEX – Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The business services provider reported $3.29 earnings per share for the quarter, topping analysts’ consensus estimates of $3.20 by $0.09. The firm had revenue of $673.50 million during the quarter, compared to analyst estimates of $677.44 million. WEX had a net margin of 9.32% and a return on equity of 31.05%. On average, analysts expect WEX to post $14 EPS for the current fiscal year and $16 EPS for the next fiscal year.
WEX Price Performance
Shares of NYSE:WEX opened at $213.37 on Thursday. The company’s fifty day moving average is $194.86 and its 200 day moving average is $195.89. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.66. WEX has a 52 week low of $161.95 and a 52 week high of $244.04. The stock has a market cap of $8.77 billion, a PE ratio of 36.92, a PEG ratio of 1.28 and a beta of 1.55.
Insider Activity at WEX
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on WEX shares. Keefe, Bruyette & Woods reduced their price target on WEX from $275.00 to $230.00 and set an “outperform” rating on the stock in a report on Monday, July 8th. William Blair upgraded shares of WEX to a “strong-buy” rating in a report on Friday, July 26th. Jefferies Financial Group increased their target price on WEX from $190.00 to $210.00 and gave the stock a “hold” rating in a research report on Wednesday. Bank of America upped their price target on WEX from $238.00 to $255.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. decreased their price target on shares of WEX from $210.00 to $200.00 and set a “neutral” rating for the company in a research note on Tuesday, August 20th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $238.46.
Read Our Latest Research Report on WEX
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.
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