FY2017 EPS Estimates for WEX Inc. (WEX) Increased by William Blair

WEX Inc. (NYSE:WEX) – Analysts at William Blair lifted their FY2017 earnings per share (EPS) estimates for shares of WEX in a research report issued to clients and investors on Wednesday. William Blair analyst R. Napoli now anticipates that the business services provider will post earnings of $4.87 per share for the year, up from their prior forecast of $4.86. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for WEX’s Q2 2018 earnings at $1.41 EPS and Q4 2018 earnings at $1.45 EPS.

WEX has been the topic of a number of other reports. Jefferies Group LLC reissued a “buy” rating and issued a $135.00 price target on shares of WEX in a research report on Monday, May 15th. Credit Suisse Group raised WEX from a “neutral” rating to an “outperform” rating in a research report on Thursday, April 27th. Mizuho assumed coverage on WEX in a research report on Tuesday, June 27th. They issued a “buy” rating and a $115.00 price target on the stock. TheStreet raised WEX from a “c” rating to a “b-” rating in a research report on Monday, June 5th. Finally, Deutsche Bank AG raised WEX from a “hold” rating to a “buy” rating and boosted their price target for the stock from $116.00 to $125.00 in a research report on Monday, June 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $118.20.

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Shares of WEX (NYSE WEX) opened at 110.49 on Friday. WEX has a 52 week low of $89.89 and a 52 week high of $122.91. The stock has a market capitalization of $4.74 billion, a P/E ratio of 69.27 and a beta of 1.80. The stock has a 50 day moving average price of $103.14 and a 200 day moving average price of $107.51.

WEX (NYSE:WEX) last issued its quarterly earnings data on Thursday, April 27th. The business services provider reported $1.13 EPS for the quarter, hitting the consensus estimate of $1.13. The firm had revenue of $291.36 million during the quarter, compared to the consensus estimate of $281.68 million. WEX had a return on equity of 13.31% and a net margin of 6.07%. The company’s quarterly revenue was up 41.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.98 earnings per share.

In other WEX news, SVP George W. Hogan sold 4,500 shares of the business’s stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $110.00, for a total transaction of $495,000.00. Following the completion of the sale, the senior vice president now directly owns 15,615 shares in the company, valued at approximately $1,717,650. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Scott Robert Phillips sold 22,135 shares of the business’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $99.90, for a total transaction of $2,211,286.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,635 shares of company stock valued at $2,916,287. Company insiders own 0.86% of the company’s stock.

Large investors have recently made changes to their positions in the stock. FNY Partners Fund LP bought a new stake in shares of WEX during the first quarter worth $103,000. Whittier Trust Co. raised its stake in WEX by 5.9% in the first quarter. Whittier Trust Co. now owns 1,027 shares of the business services provider’s stock valued at $106,000 after buying an additional 57 shares during the period. Glen Harbor Capital Management LLC raised its stake in WEX by 6.1% in the first quarter. Glen Harbor Capital Management LLC now owns 1,120 shares of the business services provider’s stock valued at $116,000 after buying an additional 64 shares during the period. Tyers Asset Management LLC raised its stake in WEX by 6.1% in the first quarter. Tyers Asset Management LLC now owns 1,540 shares of the business services provider’s stock valued at $159,000 after buying an additional 88 shares during the period. Finally, First Bank & Trust raised its stake in WEX by 2.6% in the first quarter. First Bank & Trust now owns 1,604 shares of the business services provider’s stock valued at $166,000 after buying an additional 41 shares during the period.

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.

Earnings History and Estimates for WEX (NYSE:WEX)

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