WEX (NYSE:WEX – Get Free Report) issued an update on its second quarter 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 3.750-3.850 for the period, compared to the consensus EPS estimate of 3.980. The company issued revenue guidance of $675.0 million-$685.0 million, compared to the consensus revenue estimate of $679.0 million. WEX also updated its FY 2024 guidance to 16.100-16.600 EPS.
WEX Price Performance
Shares of WEX stock traded up $1.55 during trading hours on Friday, hitting $216.58. 427,462 shares of the company’s stock were exchanged, compared to its average volume of 272,318. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.73. The firm has a market cap of $9.07 billion, a P/E ratio of 35.22, a P/E/G ratio of 1.39 and a beta of 1.59. The firm has a 50 day moving average of $230.59 and a two-hundred day moving average of $203.78. WEX has a fifty-two week low of $161.95 and a fifty-two week high of $244.04.
WEX (NYSE:WEX – Get Free Report) last announced its earnings results on Thursday, February 8th. The business services provider reported $3.14 earnings per share for the quarter, missing the consensus estimate of $3.29 by ($0.15). The business had revenue of $663.30 million for the quarter, compared to analyst estimates of $656.75 million. WEX had a return on equity of 30.92% and a net margin of 10.21%. Sell-side analysts forecast that WEX will post 13.55 EPS for the current year.
Analysts Set New Price Targets
Check Out Our Latest Stock Analysis on WEX
Insider Transactions at WEX
In other news, CFO Jagtar Narula sold 309 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $233.24, for a total transaction of $72,071.16. Following the completion of the transaction, the chief financial officer now directly owns 5,528 shares in the company, valued at approximately $1,289,350.72. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CFO Jagtar Narula sold 309 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $233.24, for a total transaction of $72,071.16. Following the completion of the transaction, the chief financial officer now directly owns 5,528 shares in the company, valued at approximately $1,289,350.72. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Melissa D. Smith sold 13,000 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $222.33, for a total value of $2,890,290.00. Following the transaction, the chief executive officer now owns 81,998 shares of the company’s stock, valued at $18,230,615.34. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,326 shares of company stock worth $6,281,961. 1.10% of the stock is currently owned by company insiders.
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.
Further Reading
- Five stocks we like better than WEX
- What is the Dogs of the Dow Strategy? Overview and Examples
- MarketBeat Week in Review – 4/22 – 4/26
- CD Calculator: Certificate of Deposit Calculator
- 3 Stocks Leading the U.S. Agriculture Comeback
- Why Invest in High-Yield Dividend Stocks?
- How to Use Put Debit Spreads to Profit From Falling Stocks
Receive News & Ratings for WEX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WEX and related companies with MarketBeat.com's FREE daily email newsletter.