WEX (WEX) Updates FY18 Earnings Guidance

WEX (NYSE:WEX) updated its FY18 earnings guidance on Friday. The company provided earnings per share guidance of $8.18 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $8.18. The company issued revenue guidance of $1.49 billion, compared to the consensus revenue estimate of $1.48 billion.WEX also updated its FY19 guidance to $8.80-9.20 EPS.

A number of research firms have commented on WEX. ValuEngine upgraded shares of WEX from a hold rating to a buy rating in a research note on Friday, February 8th. William Blair reiterated an outperform rating on shares of WEX in a research note on Wednesday, January 30th. Jefferies Financial Group began coverage on shares of WEX in a research note on Monday, January 28th. They set a hold rating and a $170.00 price objective on the stock. BTIG Research began coverage on shares of WEX in a research note on Thursday, January 17th. They set a buy rating and a $198.00 price objective on the stock. Finally, Wells Fargo & Co reiterated an outperform rating and set a $180.00 price objective (down from $200.00) on shares of WEX in a research note on Wednesday, January 16th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. WEX has a consensus rating of Buy and a consensus target price of $195.27.

Shares of WEX stock traded up $5.67 during trading hours on Friday, reaching $175.90. The company’s stock had a trading volume of 582,719 shares, compared to its average volume of 398,486. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.50 and a current ratio of 1.50. WEX has a one year low of $131.35 and a one year high of $203.49. The company has a market cap of $7.34 billion, a P/E ratio of 37.43, a PEG ratio of 1.39 and a beta of 1.55.

In other news, insider David G. Cooper sold 607 shares of the firm’s stock in a transaction dated Monday, December 17th. The shares were sold at an average price of $145.15, for a total value of $88,106.05. Following the transaction, the insider now directly owns 1,065 shares in the company, valued at approximately $154,584.75. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 4.57% of the company’s stock.

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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 and processing services.

Further Reading: Convertible Shares

Earnings History and Estimates for WEX (NYSE:WEX)

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