Zacks Research Weighs in on WEX’s FY2027 Earnings (NYSE:WEX)

WEX Inc. (NYSE:WEX) – Stock analysts at Zacks Research issued their FY2027 EPS estimates for WEX in a report released on Wednesday, February 26th. Zacks Research analyst R. Department anticipates that the business services provider will earn $15.54 per share for the year. The consensus estimate for WEX’s current full-year earnings is $14.09 per share. Zacks Research also issued estimates for WEX’s FY2027 earnings at $15.54 EPS.

WEX has been the topic of a number of other reports. Bank of America downgraded shares of WEX from a “buy” rating to a “neutral” rating in a report on Thursday, February 6th. William Blair reissued a “market perform” rating on shares of WEX in a report on Thursday, February 6th. Barclays cut their price target on shares of WEX from $200.00 to $155.00 and set an “equal weight” rating for the company in a research report on Monday, February 10th. Jefferies Financial Group raised their price target on shares of WEX from $180.00 to $190.00 and gave the stock a “hold” rating in a report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods decreased their target price on WEX from $220.00 to $200.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $199.73.

WEX Trading Down 0.1 %

Shares of WEX stock opened at $157.77 on Friday. The stock has a fifty day simple moving average of $170.96 and a 200 day simple moving average of $183.75. The company has a market capitalization of $6.12 billion, a P/E ratio of 21.04, a price-to-earnings-growth ratio of 2.06 and a beta of 1.58. The company has a current ratio of 1.02, a quick ratio of 1.04 and a debt-to-equity ratio of 2.07. WEX has a 12-month low of $146.03 and a 12-month high of $244.04.

WEX (NYSE:WEX) last announced its quarterly earnings results on Wednesday, February 5th. The business services provider reported $3.13 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.16. WEX had a net margin of 11.78% and a return on equity of 32.35%.

Hedge Funds Weigh In On WEX

Several institutional investors and hedge funds have recently modified their holdings of the stock. Investment Management Corp VA ADV bought a new position in WEX during the 4th quarter valued at about $25,000. Venturi Wealth Management LLC raised its holdings in WEX by 206.1% during the third quarter. Venturi Wealth Management LLC now owns 150 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 101 shares during the period. Wilmington Savings Fund Society FSB bought a new position in WEX in the 3rd quarter worth approximately $35,000. State of Wyoming bought a new stake in WEX in the 4th quarter valued at $35,000. Finally, Jones Financial Companies Lllp boosted its stake in WEX by 108.4% during the fourth quarter. Jones Financial Companies Lllp now owns 248 shares of the business services provider’s stock valued at $43,000 after buying an additional 129 shares during the last quarter. 97.47% of the stock is currently owned by institutional investors.

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.