Q1 2019 EPS Estimates for WEX Inc Reduced by William Blair (WEX)

WEX Inc (NYSE:WEX) – Equities research analysts at William Blair cut their Q1 2019 earnings per share (EPS) estimates for shares of WEX in a report released on Thursday, November 15th. William Blair analyst R. Napoli now expects that the business services provider will post earnings of $1.93 per share for the quarter, down from their previous forecast of $1.98. William Blair also issued estimates for WEX’s Q2 2019 earnings at $2.16 EPS.

A number of other research analysts also recently issued reports on WEX. Morgan Stanley boosted their price target on shares of WEX from $188.00 to $190.00 and gave the stock a “hold” rating in a research report on Friday, August 3rd. SunTrust Banks restated a “buy” rating and issued a $215.00 price target on shares of WEX in a research report on Friday, August 3rd. Zacks Investment Research upgraded shares of WEX from a “hold” rating to a “buy” rating and set a $211.00 price target on the stock in a research report on Saturday, October 13th. Wells Fargo & Co upgraded shares of WEX from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $190.00 to $200.00 in a research note on Thursday, November 1st. Finally, ValuEngine lowered shares of WEX from a “buy” rating to a “hold” rating in a research note on Tuesday, November 6th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $202.90.

Shares of NYSE WEX opened at $154.57 on Monday. The company has a market capitalization of $6.88 billion, a PE ratio of 32.89, a PEG ratio of 1.40 and a beta of 1.73. WEX has a 52-week low of $118.40 and a 52-week high of $203.49. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.50 and a current ratio of 1.50.

WEX (NYSE:WEX) last issued its quarterly earnings results on Wednesday, October 31st. The business services provider reported $2.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.12 by $0.07. The firm had revenue of $382.70 million for the quarter, compared to the consensus estimate of $375.15 million. WEX had a net margin of 15.63% and a return on equity of 16.92%. The company’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.43 EPS.

Large investors have recently added to or reduced their stakes in the company. Raymond James & Associates increased its stake in shares of WEX by 14.3% in the 2nd quarter. Raymond James & Associates now owns 7,778 shares of the business services provider’s stock valued at $1,482,000 after acquiring an additional 971 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in WEX by 5.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 244,344 shares of the business services provider’s stock valued at $46,543,000 after purchasing an additional 13,379 shares in the last quarter. Hermes Investment Management Ltd. increased its stake in WEX by 2.7% during the 2nd quarter. Hermes Investment Management Ltd. now owns 416,242 shares of the business services provider’s stock valued at $79,286,000 after purchasing an additional 11,117 shares in the last quarter. Millennium Management LLC increased its stake in WEX by 305.9% during the 2nd quarter. Millennium Management LLC now owns 349,272 shares of the business services provider’s stock valued at $66,529,000 after purchasing an additional 263,217 shares in the last quarter. Finally, Natixis increased its stake in WEX by 86.4% during the 2nd quarter. Natixis now owns 6,044 shares of the business services provider’s stock valued at $1,152,000 after purchasing an additional 2,801 shares in the last quarter. Institutional investors own 99.04% of the company’s stock.

WEX Company Profile

WEX Inc provides corporate card payment solutions in North and South America, the Asia Pacific, and Europe. It operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment offers fleet vehicle payment and processing services.

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Earnings History and Estimates for WEX (NYSE:WEX)

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