WEX (NYSE:WEX) updated its FY 2020
Pre-Market earnings guidance on Thursday. The company provided earnings per share guidance of 10.15-10.55 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $10.52. The company issued revenue guidance of $1.86-1.9 billion, compared to the consensus revenue estimate of $1.91 billion.WEX also updated its FY20 guidance to $10.15 to $10.55 EPS.
A number of analysts recently commented on the stock. SunTrust Banks cut shares of WEX from a buy rating to a hold rating and set a $220.00 target price for the company. in a research note on Wednesday, January 29th. Morgan Stanley lifted their target price on shares of WEX from $231.00 to $233.00 and gave the stock an equal weight rating in a research note on Friday. Credit Suisse Group assumed coverage on shares of WEX in a research note on Thursday, January 23rd. They issued a neutral rating and a $240.00 target price for the company. Citigroup lifted their target price on shares of WEX from $220.00 to $260.00 and gave the stock a buy rating in a research note on Wednesday, January 22nd. Finally, Wolfe Research set a $240.00 target price on shares of WEX and gave the stock a buy rating in a research note on Friday, November 1st. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. WEX presently has an average rating of Buy and a consensus target price of $238.06.
WEX traded up $3.04 during trading on Friday, reaching $231.66. 480,965 shares of the company’s stock were exchanged, compared to its average volume of 380,703. WEX has a 1 year low of $169.48 and a 1 year high of $234.95. 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 P/E ratio of 153.42, a price-to-earnings-growth ratio of 1.53 and a beta of 1.51. The company’s fifty day simple moving average is $218.95 and its 200-day simple moving average is $206.22.
WEX (NYSE:WEX) last posted its quarterly earnings results on Thursday, February 13th. The business services provider reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.56 by $0.05. WEX had a net margin of 3.95% and a return on equity of 18.86%. The company had revenue of $440.05 million during the quarter, compared to analyst estimates of $455.69 million. During the same period last year, the firm posted $2.02 EPS. WEX’s revenue for the quarter was up 15.4% compared to the same quarter last year. Equities analysts forecast that WEX will post 8.39 EPS for the current year.
In other news, CEO Melissa D. Smith sold 13,736 shares of WEX stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $214.99, for a total transaction of $2,953,102.64. Following the completion of the transaction, the chief executive officer now directly owns 71,339 shares of the company’s stock, valued at approximately $15,337,171.61. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Roberto Simon sold 7,651 shares of WEX stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $200.03, for a total transaction of $1,530,429.53. Following the transaction, the chief financial officer now directly owns 16,902 shares of the company’s stock, valued at $3,380,907.06. The disclosure for this sale can be found here. Company insiders own 1.12% of the company’s stock.
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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