WEX (NYSE:WEX – Get Free Report) updated its FY24 earnings guidance on Thursday. The company provided EPS guidance of $15.98-16.38 for the period, compared to the consensus EPS 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 Stock Performance
NYSE:WEX traded up $8.31 during mid-day trading on Friday, hitting $180.44. 533,702 shares of the company traded hands, compared to its average volume of 419,356. The company has a quick ratio of 1.06, a current ratio of 1.03 and a debt-to-equity ratio of 1.66. The stock’s fifty day moving average price is $180.54 and its 200-day moving average price is $205.75. The firm has a market cap of $7.56 billion, a price-to-earnings ratio of 29.34, a price-to-earnings-growth ratio of 1.00 and a beta of 1.54. WEX has a one year low of $161.95 and a one year high of $244.04.
WEX (NYSE:WEX – Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The business services provider reported $2.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.15. WEX had a return on equity of 31.05% and a net margin of 9.32%. The company had revenue of $652.70 million during the quarter, compared to the consensus estimate of $653.52 million. Research analysts anticipate that WEX will post 13.94 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Read Our Latest Analysis on WEX
Insiders Place Their Bets
In related news, COO Robert Joseph Deshaies sold 1,897 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $211.01, for a total value of $400,285.97. Following the sale, the chief operating officer now owns 9,408 shares in the company, valued at $1,985,182.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Robert Joseph Deshaies sold 1,897 shares of WEX stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $211.01, for a total value of $400,285.97. Following the completion of the transaction, the chief operating officer now owns 9,408 shares in the company, valued at $1,985,182.08. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jagtar Narula sold 540 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $190.00, for a total value of $102,600.00. Following the sale, the chief financial officer now directly owns 7,628 shares in the company, valued at $1,449,320. The disclosure for this sale can be found here. Insiders have sold a total of 4,911 shares of company stock valued at $1,008,402 in the last quarter. 1.10% of the stock is currently owned by 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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