WEX (NYSE:WEX) Announces Quarterly Earnings Results, Beats Estimates By $0.16 EPS

WEX (NYSE:WEX) announced its quarterly earnings data on Wednesday. The business services provider reported $3.13 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.16, Zacks reports. WEX had a net margin of 12.45% and a return on equity of 31.35%. WEX updated its Q1 2025 guidance to 3.350-3.500 EPS and its FY 2025 guidance to 14.650-15.250 EPS.

WEX Stock Up 1.6 %

WEX stock opened at $187.09 on Thursday. The stock has a market capitalization of $7.44 billion, a P/E ratio of 23.74, a P/E/G ratio of 1.50 and a beta of 1.58. The business has a 50-day moving average of $179.09 and a 200-day moving average of $186.23. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.04 and a quick ratio of 1.04. WEX has a fifty-two week low of $165.51 and a fifty-two week high of $244.04.

Wall Street Analysts Forecast Growth

WEX has been the topic of several recent research reports. Wells Fargo & Company decreased their target price on shares of WEX from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday, October 25th. Wolfe Research lowered shares of WEX from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Barclays reiterated an “equal weight” rating and issued a $200.00 target price (down previously from $207.00) on shares of WEX in a research note on Tuesday, December 17th. Keefe, Bruyette & Woods decreased their target price on WEX from $247.00 to $220.00 and set an “outperform” rating on the stock in a report on Monday, January 6th. Finally, Jefferies Financial Group raised their price objective on shares of WEX from $180.00 to $190.00 and gave the company a “hold” rating in a research report on Wednesday, January 22nd. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $217.73.

Insider Transactions at WEX

In related news, COO Robert Joseph Deshaies sold 175 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $189.44, for a total transaction of $33,152.00. Following the sale, the chief operating officer now owns 7,582 shares in the company, valued at approximately $1,436,334.08. This represents a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.

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.