WEX (WEX) Releases FY18 Earnings Guidance

WEX (NYSE:WEX) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $7.30-7.70 for the period, compared to the Thomson Reuters consensus estimate of $6.98. The company issued revenue guidance of $1.40-1.44 billion, compared to the consensus revenue estimate of $1.42 billion.WEX also updated its Q1 guidance to $1.66-1.74 EPS.

A number of brokerages have recently weighed in on WEX. Barclays upped their price target on shares of WEX from $163.00 to $170.00 and gave the stock an equal weight rating in a research note on Thursday. Wells Fargo & Co set a $160.00 target price on shares of WEX and gave the stock a hold rating in a report on Thursday. Morgan Stanley boosted their target price on shares of WEX from $149.00 to $159.00 and gave the stock an equal weight rating in a report on Thursday. SunTrust Banks set a $175.00 target price on shares of WEX and gave the stock a buy rating in a report on Thursday. Finally, Credit Suisse Group reiterated an outperform rating and issued a $176.00 target price (up from $167.00) on shares of WEX in a report on Thursday. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of Buy and an average target price of $149.00.

Shares of WEX (WEX) opened at $154.04 on Friday. WEX has a 1-year low of $97.26 and a 1-year high of $159.65. The company has a current ratio of 0.71, a quick ratio of 0.69 and a debt-to-equity ratio of 0.20. The stock has a market cap of $6,621.00, a P/E ratio of 31.49, a PEG ratio of 1.61 and a beta of 1.91.

WEX (NYSE:WEX) last released its quarterly earnings results on Wednesday, February 21st. The business services provider reported $1.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.16. WEX had a net margin of 12.82% and a return on equity of 13.01%. The business had revenue of $331.30 million for the quarter, compared to analyst estimates of $327.19 million. During the same quarter in the previous year, the business earned $1.28 earnings per share. The firm’s revenue was up 13.9% compared to the same quarter last year. analysts forecast that WEX will post 6.68 EPS for the current fiscal year.

In other news, insider Scott Robert Phillips sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $127.68, for a total transaction of $2,553,600.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 9.00% of the stock is owned by insiders.

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WEX Company Profile

WEX Inc is a provider of corporate payment solutions. The Company operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment provides customers with payment and transaction processing services designed for the needs of commercial and government fleets.

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