Wall Street analysts forecast that WEX Inc (NYSE:WEX) will post earnings per share of $2.11 for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for WEX’s earnings, with the lowest EPS estimate coming in at $2.09 and the highest estimate coming in at $2.14. WEX reported earnings of $1.43 per share during the same quarter last year, which indicates a positive year over year growth rate of 47.6%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, November 7th.

On average, analysts expect that WEX will report full-year earnings of $8.09 per share for the current financial year, with EPS estimates ranging from $8.04 to $8.14. For the next fiscal year, analysts anticipate that the company will report earnings of $9.39 per share, with EPS estimates ranging from $9.16 to $9.70. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for WEX.

WEX (NYSE:WEX) last issued its quarterly earnings results on Thursday, August 2nd. The business services provider reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.04. The company had revenue of $370.88 million for the quarter, compared to analyst estimates of $366.21 million. WEX had a return on equity of 15.61% and a net margin of 14.61%. The company’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same period last year, the company earned $1.26 earnings per share.

A number of brokerages have recently commented on WEX. Wolfe Research began coverage on WEX in a report on Tuesday, July 17th. They set a “market perform” rating on the stock. Deutsche Bank raised their price target on WEX to $230.00 and gave the company a “buy” rating in a report on Friday, June 22nd. Citigroup raised their price target on WEX from $200.00 to $235.00 and gave the company a “buy” rating in a report on Friday, July 20th. Morgan Stanley raised their price target on WEX from $172.00 to $188.00 and gave the company a “hold” rating in a report on Thursday, July 19th. Finally, SunTrust Banks reissued a “buy” rating and set a $215.00 price target on shares of WEX in a report on Friday, August 3rd. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. WEX has a consensus rating of “Buy” and an average target price of $191.60.

In related news, Director Jack Vanwoerkom sold 4,376 shares of WEX stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $187.52, for a total transaction of $820,587.52. Following the transaction, the director now directly owns 7,705 shares of the company’s stock, valued at $1,444,841.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Melissa D. Smith sold 5,000 shares of WEX stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $190.00, for a total value of $950,000.00. Following the transaction, the chief executive officer now directly owns 72,544 shares in the company, valued at $13,783,360. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,335 shares of company stock worth $3,461,862. 4.57% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Cutler Group LP grew its holdings in WEX by 133.3% during the second quarter. Cutler Group LP now owns 700 shares of the business services provider’s stock worth $133,000 after acquiring an additional 400 shares during the period. NumerixS Investment Technologies Inc boosted its position in shares of WEX by 150.0% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 1,000 shares of the business services provider’s stock valued at $191,000 after purchasing an additional 600 shares during the period. Winslow Evans & Crocker Inc. acquired a new position in shares of WEX in the 2nd quarter valued at $206,000. Hartford Investment Management Co. acquired a new position in shares of WEX in the 2nd quarter valued at $214,000. Finally, HPM Partners LLC acquired a new position in shares of WEX in the 2nd quarter valued at $215,000. 99.12% of the stock is currently owned by hedge funds and other institutional investors.

Shares of WEX traded down $2.55 during trading hours on Friday, reaching $192.97. 10,956 shares of the company’s stock traded hands, compared to its average volume of 360,696. The firm has a market capitalization of $8.49 billion, a price-to-earnings ratio of 41.99, a price-to-earnings-growth ratio of 1.74 and a beta of 1.74. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.44 and a current ratio of 1.44. WEX has a twelve month low of $109.46 and a twelve month high of $203.49.

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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