WEX (NYSE:WEX) updated its first quarter earnings guidance on Wednesday. The company provided EPS guidance of $1.66-1.74 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.57. The company issued revenue guidance of $333-343 million, compared to the consensus revenue estimate of $334.57 million.WEX also updated its FY18 guidance to $7.30-7.70 EPS.
A number of brokerages recently issued reports on WEX. Morgan Stanley boosted their price target on WEX from $123.00 to $149.00 and gave the company an equal weight rating in a report on Thursday, January 25th. SunTrust Banks set a $160.00 price target on WEX and gave the company a buy rating in a report on Friday, February 16th. Mizuho reiterated a buy rating and issued a $180.00 price target on shares of WEX in a report on Thursday, January 4th. Oppenheimer boosted their price target on WEX from $130.00 to $176.00 in a report on Monday, February 5th. Finally, Credit Suisse Group reiterated an outperform rating and issued a $167.00 price target (up previously from $141.00) on shares of WEX in a report on Wednesday, January 17th. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. WEX currently has a consensus rating of Buy and a consensus target price of $142.38.
WEX (NYSE:WEX) opened at $141.59 on Wednesday. The company has a market cap of $6,261.42, a P/E ratio of 71.15, a P/E/G ratio of 1.57 and a beta of 1.91. WEX has a 12 month low of $97.26 and a 12 month high of $156.85. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.20.
WEX (NYSE:WEX) last issued its quarterly earnings data on Wednesday, February 21st. The business services provider reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.16. The company had revenue of $331.30 million during the quarter, compared to the consensus estimate of $327.19 million. WEX had a net margin of 7.09% and a return on equity of 13.16%. WEX’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.28 earnings per share. analysts forecast that WEX will post 4.91 EPS for the current fiscal year.
In related 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 value of $2,553,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 9.00% of the company’s stock.
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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