WEX (NYSE:WEX) Releases Quarterly Earnings Results, Beats Expectations By $0.16 EPS

WEX (NYSE:WEX) issued its quarterly earnings data on Wednesday. The business services provider reported $3.13 earnings per share (EPS) for the quarter, topping the consensus estimate 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 Trading Up 1.6 %

NYSE:WEX traded up $3.03 on Wednesday, reaching $187.09. The stock had a trading volume of 512,417 shares, compared to its average volume of 367,886. WEX has a 12-month low of $165.51 and a 12-month high of $244.04. The company has a market cap of $7.44 billion, a price-to-earnings ratio of 23.74, a P/E/G ratio of 1.50 and a beta of 1.58. The firm’s fifty day moving average is $179.15 and its two-hundred day moving average is $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.

Insider Transactions at WEX

In other news, COO Robert Joseph Deshaies sold 175 shares of the firm’s stock in a transaction on 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 $1,436,334.08. This trade represents a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

WEX has been the topic of several recent research reports. Robert W. Baird dropped their price target on WEX from $285.00 to $230.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Wolfe Research lowered WEX from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Wells Fargo & Company decreased their price target on WEX from $200.00 to $180.00 and set an “equal weight” rating for the company in a report on Friday, October 25th. Citigroup cut shares of WEX from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $260.00 to $190.00 in a research note on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of WEX from $247.00 to $220.00 and set an “outperform” rating for the company in a research note on Monday, January 6th. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $217.73.

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.