WEX (NYSE:WEX – Get Free Report) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $15.98-16.38 for the period, compared to the consensus estimate of $16.26. The company issued revenue guidance of $2.68-2.72 billion, compared to the consensus revenue estimate of $2.74 billion. WEX also updated its FY 2024 guidance to 15.980-16.380 EPS.
WEX Price Performance
Shares of WEX opened at $178.84 on Thursday. The company has a market cap of $7.49 billion, a P/E ratio of 29.08, a PEG ratio of 1.08 and a beta of 1.54. The stock has a fifty day moving average price of $182.02 and a 200 day moving average price of $206.31. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.06 and a quick ratio of 1.06. WEX has a 12 month low of $161.95 and a 12 month high of $244.04.
WEX (NYSE:WEX – Get Free Report) last released its quarterly 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 return on equity of 30.92% and a net margin of 10.21%. The company had revenue of $652.70 million during the quarter, compared to analysts’ expectations of $653.52 million. On average, research analysts forecast that WEX will post 13.94 earnings per share for the current year.
Wall Street Analyst Weigh In
Read Our Latest Stock Report on WEX
Insider Activity
In related news, CFO Jagtar Narula sold 540 shares of WEX stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $180.00, for a total value of $97,200.00. Following the sale, the chief financial officer now owns 8,168 shares of the company’s stock, valued at $1,470,240. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO Jagtar Narula sold 540 shares of WEX stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $180.00, for a total value of $97,200.00. Following the sale, the chief financial officer now owns 8,168 shares of the company’s stock, valued at $1,470,240. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Jennifer Kimball sold 1,200 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $211.55, for a total value of $253,860.00. Following the transaction, the chief accounting officer now directly owns 1,909 shares in the company, valued at approximately $403,848.95. The disclosure for this sale can be found here. Insiders have sold a total of 4,911 shares of company stock worth $1,008,402 over the last three months. Corporate insiders own 1.10% of the company’s stock.
WEX Company Profile
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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