Brokerages expect WEX Inc (NYSE:WEX) to announce earnings of $1.44 per share for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for WEX’s earnings. The lowest EPS estimate is $1.41 and the highest is $1.46. WEX posted earnings per share of $1.28 in the same quarter last year, which would indicate a positive year over year growth rate of 12.5%. The company is scheduled to issue its next quarterly earnings results before the market opens on Wednesday, February 21st.

According to Zacks, analysts expect that WEX will report full-year earnings of $5.36 per share for the current year, with EPS estimates ranging from $5.33 to $5.38. For the next fiscal year, analysts anticipate that the business will post earnings of $6.46 per share, with EPS estimates ranging from $6.25 to $7.65. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for WEX.

WEX (NYSE:WEX) last issued its quarterly earnings results on Wednesday, November 1st. The business services provider reported $1.43 EPS for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.14. The business had revenue of $324.00 million for the quarter, compared to analyst estimates of $312.57 million. WEX had a return on equity of 13.16% and a net margin of 7.09%. WEX’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period last year, the company posted $1.25 earnings per share.

A number of analysts recently commented on the company. Credit Suisse Group reiterated an “outperform” rating and set a $167.00 price target (up from $141.00) on shares of WEX in a report on Wednesday. They noted that the move was a valuation call. Mizuho reiterated a “buy” rating and set a $180.00 price target on shares of WEX in a report on Thursday, January 4th. Zacks Investment Research lowered WEX from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Citigroup lifted their price target on WEX from $120.00 to $125.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. Finally, TheStreet upgraded WEX from a “c+” rating to a “b” rating in a report on Wednesday, November 1st. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. WEX presently has a consensus rating of “Buy” and a consensus price target of $135.69.

In related news, Director James Neary sold 177,207 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $120.00, for a total transaction of $21,264,840.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Melissa D. Smith sold 3,329 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $125.00, for a total value of $416,125.00. Following the sale, the chief executive officer now owns 60,380 shares in the company, valued at $7,547,500. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 200,541 shares of company stock worth $24,235,190. Corporate insiders own 9.00% of the company’s stock.

Several large investors have recently added to or reduced their stakes in WEX. Janus Henderson Group PLC raised its stake in shares of WEX by 1,678.3% during the 2nd quarter. Janus Henderson Group PLC now owns 3,171,873 shares of the business services provider’s stock valued at $330,733,000 after purchasing an additional 2,993,511 shares during the period. Atlanta Capital Management Co. L L C raised its stake in shares of WEX by 18.6% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 3,003,407 shares of the business services provider’s stock valued at $313,165,000 after purchasing an additional 471,018 shares during the period. JPMorgan Chase & Co. raised its stake in shares of WEX by 13.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,993,322 shares of the business services provider’s stock valued at $452,522,000 after purchasing an additional 468,452 shares during the period. FMR LLC raised its stake in shares of WEX by 40.2% during the 2nd quarter. FMR LLC now owns 1,228,277 shares of the business services provider’s stock valued at $128,072,000 after purchasing an additional 352,040 shares during the period. Finally, Junto Capital Management LP bought a new stake in shares of WEX during the 2nd quarter valued at $31,698,000.

Shares of WEX (NYSE:WEX) traded down $1.68 during trading on Wednesday, reaching $143.12. The company had a trading volume of 434,300 shares, compared to its average volume of 327,800. The company has a market capitalization of $6,213.36, a price-to-earnings ratio of 71.92, a P/E/G ratio of 1.69 and a beta of 1.88. WEX has a 1-year low of $97.26 and a 1-year high of $146.74. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.20.

WEX announced that its Board of Directors has initiated a stock buyback plan on Tuesday, September 26th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the business services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

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About WEX

WEX Inc is a provider of corporate payment solutions. The Company operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment provides customers with payment and transaction processing services designed for the needs of commercial and government fleets.

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