WEX (NYSE:WEX – Get Free Report) issued an update on its third quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 4.420-4.520 for the period, compared to the consensus earnings per share estimate of 4.450. The company issued revenue guidance of $688.0 million-$698.0 million, compared to the consensus revenue estimate of $706.0 million. WEX also updated its FY 2024 guidance to 15.980-16.380 EPS.
WEX Price Performance
Shares of WEX stock traded up $8.31 during trading on Friday, hitting $180.44. 521,344 shares of the company were exchanged, compared to its average volume of 335,291. The firm has a 50 day moving average price of $180.90 and a 200 day moving average price of $205.88. The stock has a market capitalization of $7.56 billion, a price-to-earnings ratio of 29.44, a P/E/G ratio of 1.04 and a beta of 1.54. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.73. WEX has a fifty-two week low of $161.95 and a fifty-two week high of $244.04.
WEX (NYSE:WEX – Get Free Report) last released its earnings results on Thursday, April 25th. The business services provider reported $2.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.15. WEX had a net margin of 10.21% and a return on equity of 30.92%. The business had revenue of $652.70 million for the quarter, compared to analysts’ expectations of $653.52 million. On average, equities analysts expect that WEX will post 13.94 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on WEX
Insider Activity
In other WEX news, SVP Sara Trickett sold 734 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $210.43, for a total transaction of $154,455.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Jagtar Narula sold 540 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $180.00, for a total value of $97,200.00. Following the completion of the sale, the chief financial officer now directly owns 8,168 shares of the company’s stock, valued at approximately $1,470,240. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Sara Trickett sold 734 shares of WEX stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $210.43, for a total value of $154,455.62. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,911 shares of company stock valued at $1,008,402. 1.10% of the stock is currently owned by company insiders.
About WEX
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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