WEX (NYSE:WEX) Posts Earnings Results, Beats Estimates By $0.16 EPS

WEX (NYSE:WEX) released its quarterly earnings results on Wednesday. The business services provider reported $3.13 earnings per share for the quarter, topping the consensus estimate of $2.97 by $0.16, Zacks reports. WEX had a net margin of 12.45% and a return on equity of 31.35%. WEX updated its Q1 2025 guidance to 3.350-3.500 EPS and its FY 2025 guidance to 14.650-15.250 EPS.

WEX Stock Performance

Shares of WEX stock traded down $0.11 on Friday, hitting $151.82. 165,060 shares of the company’s stock were exchanged, compared to its average volume of 431,398. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.04 and a current ratio of 1.04. WEX has a 1 year low of $148.66 and a 1 year high of $244.04. The company has a 50-day simple moving average of $178.33 and a 200-day simple moving average of $185.99. The stock has a market capitalization of $6.04 billion, a PE ratio of 19.27, a PEG ratio of 1.50 and a beta of 1.58.

Insider Buying and Selling at WEX

In other news, COO Robert Joseph Deshaies sold 175 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $189.44, for a total value of $33,152.00. Following the sale, the chief operating officer now directly owns 7,582 shares in the company, valued at $1,436,334.08. The trade was a 2.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Keefe, Bruyette & Woods cut their price target on shares of WEX from $247.00 to $220.00 and set an “outperform” rating for the company in a research report on Monday, January 6th. Jefferies Financial Group upped their price target on shares of WEX from $180.00 to $190.00 and gave the company a “hold” rating in a research report on Wednesday, January 22nd. Wells Fargo & Company cut their price target on shares of WEX from $180.00 to $160.00 and set an “equal weight” rating for the company in a research report on Friday. Robert W. Baird cut their price target on shares of WEX from $285.00 to $230.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Finally, Bank of America lowered shares of WEX from a “buy” rating to a “neutral” rating in a report on Thursday. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $215.91.

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.