WEX (NYSE:WEX – Get Free Report) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 3.510-3.610 for the period, compared to the consensus estimate of 4.280. The company issued revenue guidance of $630.0 million-$640.0 million, compared to the consensus revenue estimate of $674.5 million. WEX also updated its FY 2024 guidance to 15.210-15.310 EPS.
WEX Trading Down 1.3 %
WEX stock traded down $2.28 during trading hours on Friday, reaching $178.85. 773,768 shares of the company’s stock were exchanged, compared to its average volume of 354,934. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.66. The firm’s 50 day simple moving average is $199.68 and its 200 day simple moving average is $194.59. WEX has a twelve month low of $161.95 and a twelve month high of $244.04. The firm has a market capitalization of $7.35 billion, a PE ratio of 30.95, a PEG ratio of 1.19 and a beta of 1.55.
WEX (NYSE:WEX – Get Free Report) last issued its earnings results on Thursday, July 25th. The business services provider reported $3.29 EPS for the quarter, beating the consensus estimate of $3.20 by $0.09. The company had revenue of $673.50 million during the quarter, compared to the consensus estimate of $677.44 million. WEX had a return on equity of 31.05% and a net margin of 9.32%. Research analysts predict that WEX will post 13.68 earnings per share for the current year.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on WEX
Insiders Place Their Bets
In other WEX news, CFO Jagtar Narula sold 508 shares of WEX stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $200.00, for a total transaction of $101,600.00. Following the transaction, the chief financial officer now owns 7,120 shares of the company’s stock, valued at $1,424,000. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other WEX news, CFO Jagtar Narula sold 508 shares of WEX stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $200.00, for a total transaction of $101,600.00. Following the transaction, the chief financial officer now owns 7,120 shares of the company’s stock, valued at $1,424,000. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Melanie J. Tinto sold 1,564 shares of WEX stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $185.04, for a total transaction of $289,402.56. Following the completion of the sale, the insider now directly owns 8,461 shares in the company, valued at $1,565,623.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,905 shares of company stock valued at $895,107 in the last 90 days. 1.10% of the stock is currently owned by corporate 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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