WEX (NYSE:WEX – Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 15.210-15.310 for the period, compared to the consensus estimate of 16.050. The company issued revenue guidance of $2.6 billion-$2.6 billion, compared to the consensus revenue estimate of $2.7 billion. WEX also updated its Q4 guidance to $3.51-3.61 EPS.
WEX Trading Down 1.2 %
Shares of NYSE WEX traded down $2.11 during midday trading on Friday, reaching $179.02. 671,595 shares of the stock were exchanged, compared to its average volume of 353,685. The company has a market capitalization of $7.35 billion, a price-to-earnings ratio of 31.33, a P/E/G ratio of 1.19 and a beta of 1.55. WEX has a 12 month low of $161.95 and a 12 month high of $244.04. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.03 and a quick ratio of 1.03. The business has a 50-day simple moving average of $199.67 and a two-hundred day simple moving average of $195.02.
WEX (NYSE:WEX – Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The business services provider reported $3.29 earnings per share for the quarter, beating the consensus estimate of $3.20 by $0.09. The company had revenue of $673.50 million for the quarter, compared to analyst estimates of $677.44 million. WEX had a net margin of 9.32% and a return on equity of 31.05%. As a group, equities research analysts expect that WEX will post 13.68 EPS for the current year.
Analyst Ratings Changes
View Our Latest Stock Analysis on WEX
Insider Buying and Selling at WEX
In other news, CFO Jagtar Narula sold 508 shares of WEX stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $200.00, for a total transaction of $101,600.00. Following the sale, the chief financial officer now owns 7,120 shares of the company’s stock, valued at approximately $1,424,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Ann Elena Drew sold 1,182 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $172.73, for a total value of $204,166.86. Following the completion of the sale, the insider now directly owns 5,584 shares in the company, valued at approximately $964,524.32. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jagtar Narula sold 508 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $200.00, for a total transaction of $101,600.00. Following the transaction, the chief financial officer now directly owns 7,120 shares of the company’s stock, valued at $1,424,000. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,905 shares of company stock worth $895,107 in the last 90 days. 1.10% of the stock is owned by corporate 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
- Why Understanding Call Option Volume is Essential to Successful Options Trading
- Texas Roadhouse Stock Steering for New Highs This Year
- Profitably Trade Stocks at 52-Week Highs
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
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.