Zacks Research Analysts Increase Earnings Estimates for WEX

WEX Inc. (NYSE:WEX) – Analysts at Zacks Research boosted their Q3 2026 EPS estimates for shares of WEX in a research note issued on Wednesday, August 12th. Zacks Research analyst Team now expects that the business services provider will post earnings per share of $4.83 for the quarter, up from their previous estimate of $4.52. The consensus estimate for WEX’s current full-year earnings is $17.11 per share. Zacks Research also issued estimates for WEX’s FY2026 earnings at $17.03 EPS, Q1 2027 earnings at $3.95 EPS, Q2 2027 earnings at $4.43 EPS, Q3 2027 earnings at $5.00 EPS, Q4 2027 earnings at $4.54 EPS, FY2027 earnings at $17.93 EPS, Q1 2028 earnings at $4.47 EPS, Q2 2028 earnings at $4.82 EPS and FY2028 earnings at $19.58 EPS.

A number of other research analysts also recently issued reports on WEX. Morgan Stanley boosted their price objective on WEX from $161.00 to $172.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. Wall Street Zen downgraded WEX from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Robert W. Baird boosted their price target on WEX from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Weiss Ratings upgraded WEX from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. Finally, Cantor Fitzgerald set a $178.00 price objective on shares of WEX in a research report on Monday, July 27th. Six equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $183.30.

WEX Stock Performance

Shares of WEX opened at $188.83 on Monday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.62. The firm’s fifty day simple moving average is $159.70 and its two-hundred day simple moving average is $156.12. WEX has a 12 month low of $125.29 and a 12 month high of $199.69. The stock has a market capitalization of $6.44 billion, a P/E ratio of 18.81, a price-to-earnings-growth ratio of 1.00 and a beta of 0.82.

WEX (NYSE:WEX) last posted its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $5.35 EPS for the quarter, beating analysts’ consensus estimates of $5.08 by $0.27. WEX had a net margin of 12.56% and a return on equity of 43.19%. The company had revenue of $753.50 million for the quarter, compared to analyst estimates of $740.72 million. During the same period in the prior year, the firm posted $3.95 EPS. The company’s quarterly revenue was up 14.2% on a year-over-year basis. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS.

Institutional Trading of WEX

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CWM LLC raised its position in WEX by 377.9% in the 4th quarter. CWM LLC now owns 17,395 shares of the business services provider’s stock valued at $2,592,000 after buying an additional 13,755 shares during the last quarter. M&T Bank Corp purchased a new position in WEX during the 4th quarter worth $28,129,000. Crossmark Global Holdings Inc. boosted its holdings in WEX by 47.5% during the 4th quarter. Crossmark Global Holdings Inc. now owns 29,207 shares of the business services provider’s stock worth $4,351,000 after acquiring an additional 9,410 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of WEX by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 638,957 shares of the business services provider’s stock worth $95,209,000 after acquiring an additional 6,971 shares in the last quarter. Finally, CenterBook Partners LP grew its stake in shares of WEX by 252.7% in the 4th quarter. CenterBook Partners LP now owns 70,834 shares of the business services provider’s stock worth $10,553,000 after acquiring an additional 50,752 shares in the last quarter. 97.47% of the stock is owned by institutional investors.

Insider Buying and Selling at WEX

In other news, CAO Jennifer Kimball sold 1,183 shares of the business’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $176.55, for a total transaction of $208,858.65. Following the completion of the sale, the chief accounting officer directly owned 4,916 shares of the company’s stock, valued at $867,919.80. The trade was a 19.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Carlos Carriedo sold 1,075 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $186.00, for a total transaction of $199,950.00. Following the completion of the sale, the chief operating officer owned 11,076 shares in the company, valued at $2,060,136. This represents a 8.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 9,858 shares of company stock valued at $1,662,835 over the last three months. Corporate insiders own 1.40% of the company’s stock.

WEX announced that its Board of Directors has approved a stock buyback plan on Thursday, May 14th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the business services provider to buy up to 21.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

WEX Company Profile

WEX Inc is a global financial technology company specializing in business payment solutions for fleet, travel, and corporate payments. The company delivers software-driven platforms and card-based services that help businesses automate payment processes, manage expenses and improve operational efficiency across a range of industries, including transportation, healthcare and government.

Founded in 1983 as Wright Express in Portland, Maine, the company began by offering fuel card services to trucking fleets.