WEX (NYSE:WEX – Get Free Report) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of $3.51-3.61 for the period, compared to the consensus earnings per share estimate of $4.28. The company issued revenue guidance of $630-640 million, compared to the consensus revenue estimate of $676.03 million. WEX also updated its FY 2024 guidance to 15.210-15.310 EPS.
WEX Stock Performance
NYSE WEX traded down $2.28 during trading hours on Friday, reaching $178.85. The company’s stock had a trading volume of 773,768 shares, compared to its average volume of 354,934. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.66. The business has a 50-day simple moving average of $199.68 and a 200 day simple moving average of $194.59. WEX has a 52 week low of $161.95 and a 52 week high of $244.04. The stock has a market cap of $7.35 billion, a PE ratio of 30.95, a PEG ratio of 1.19 and a beta of 1.55.
WEX (NYSE:WEX – Get Free Report) last announced its quarterly earnings results on Thursday, July 25th. The business services provider reported $3.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.20 by $0.09. The business had revenue of $673.50 million for the quarter, compared to the consensus estimate of $677.44 million. WEX had a return on equity of 31.05% and a net margin of 9.32%. Equities research analysts predict that WEX will post 13.68 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Get Our Latest Research Report on WEX
Insiders Place Their Bets
In other WEX 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 transaction of $204,166.86. Following the sale, the insider now directly owns 5,584 shares of the company’s stock, valued at $964,524.32. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Ann Elena Drew sold 1,182 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $964,524.32. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Melanie J. Tinto sold 1,564 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $185.04, for a total transaction of $289,402.56. Following the transaction, the insider now directly owns 8,461 shares in the company, valued at $1,565,623.44. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,905 shares of company stock worth $895,107 over the last ninety days. 1.10% of the stock is currently 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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