WEX (WEX) Earning Somewhat Favorable News Coverage, Report Finds
Media coverage about WEX (NYSE:WEX) has been trending somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. WEX earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave press coverage about the business services provider an impact score of 45.2419872609208 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of WEX stock traded down $5.99 on Thursday, reaching $154.91. The company had a trading volume of 284,116 shares, compared to its average volume of 366,075. The company has a market cap of $6,874.79, a P/E ratio of 41.64, a PEG ratio of 1.60 and a beta of 1.87. WEX has a 52 week low of $97.26 and a 52 week high of $163.26. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.71 and a quick ratio of 0.71.
WEX (NYSE:WEX) last issued its earnings results on Wednesday, February 21st. The business services provider reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.16. The company had revenue of $331.30 million for the quarter, compared to the consensus estimate of $327.19 million. WEX had a return on equity of 13.01% and a net margin of 12.82%. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the company earned $1.28 EPS. equities research analysts predict that WEX will post 6.95 EPS for the current year.
In related news, insider Nicola S. Morris sold 2,700 shares of WEX stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $149.47, for a total transaction of $403,569.00. Following the sale, the insider now owns 6,387 shares of the company’s stock, valued at approximately $954,664.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.00% of the stock is currently owned by company insiders.
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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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