WEX (NYSE:WEX – Get Free Report) issued an update on its second quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $3.75-3.85 for the period, compared to the consensus estimate of $3.99. The company issued revenue guidance of $675-685 million, compared to the consensus revenue estimate of $676.33 million. WEX also updated its FY 2024 guidance to 16.100-16.600 EPS.
WEX Trading Up 0.7 %
Shares of WEX stock traded up $1.55 on Friday, hitting $216.58. 427,401 shares of the company’s stock traded hands, compared to its average volume of 305,160. The company has a fifty day moving average of $230.69 and a two-hundred day moving average of $203.58. The company has a market capitalization of $9.07 billion, a price-to-earnings ratio of 35.35, a price-to-earnings-growth ratio of 1.51 and a beta of 1.59. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.05 and a quick ratio of 1.05. WEX has a one year low of $161.95 and a one year high of $244.04.
WEX (NYSE:WEX – Get Free Report) last announced its quarterly earnings results on Thursday, February 8th. The business services provider reported $3.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.29 by ($0.15). The firm had revenue of $663.30 million during the quarter, compared to the consensus estimate of $656.75 million. WEX had a return on equity of 31.33% and a net margin of 10.46%. As a group, sell-side analysts expect that WEX will post 13.55 earnings per share for the current year.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on WEX
Insider Buying and Selling
In related news, insider Ann Elena Drew sold 4,531 shares of WEX stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $218.03, for a total transaction of $987,893.93. Following the sale, the insider now directly owns 3,653 shares in the company, valued at $796,463.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other WEX news, CFO Jagtar Narula sold 309 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $233.24, for a total value of $72,071.16. Following the sale, the chief financial officer now directly owns 5,528 shares in the company, valued at $1,289,350.72. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Ann Elena Drew sold 4,531 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $218.03, for a total value of $987,893.93. Following the completion of the sale, the insider now owns 3,653 shares in the company, valued at $796,463.59. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,326 shares of company stock worth $6,281,961. 1.10% of the stock is owned by company insiders.
WEX Company Profile
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.
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