WEX (NYSE:WEX) Updates FY 2025 Earnings Guidance

WEX (NYSE:WEX) announced changes to its earnings guidance for the fiscal year 2025 on Wednesday. The company shared its projected earnings per share (EPS) ranging from 14.650 to 15.250, which falls short of the analysts’ consensus estimate of 16.790. Additionally, WEX provided a revenue forecast of between $2.6 billion and $2.7 billion, slightly below the expected revenue of $2.7 billion.

WEX Stock Performance

During midday trading on Wednesday, WEX's shares rose by 1.6%, increasing by $3.03 to reach $187.09. The trading volume was recorded at 512,417 shares, surpassing the average volume of 367,886. The company exhibits a quick ratio of 1.04, a current ratio of 1.04, and a debt-to-equity ratio of 1.87. Its 50-day and 200-day simple moving averages stand at $179.15 and $186.23, respectively. Over the last year, WEX's stock has seen a low of $165.51 and a high of $244.04. The market capitalization of the company is approximately $7.44 billion, with a price-to-earnings (P/E) ratio of 23.74 and a PEG ratio of 1.50.

WEX recently reported its quarterly earnings on February 5th, where it achieved an EPS of $3.13, beating the analysts' estimates of $2.97 by $0.16. The company has a return on equity (ROE) of 31.35% and a net profit margin of 12.45%. Analysts predict that WEX will post an EPS of 13.08 for the current fiscal year.

Market Analysts' Comments

Recent analyst reports have varied concerning WEX shares. Bank of America raised its price target from $238.00 to $255.00 and assigned a "buy" rating in a report on October 15th. Wolfe Research, however, downgraded WEX from an "outperform" to a "peer perform" rating on October 28th. Robert W. Baird also reduced their price target from $285.00 to $230.00 while maintaining an "outperform" rating. Conversely, Wells Fargo & Company lowered its price target from $200.00 to $180.00, issuing an "equal weight" rating. Lastly, Citigroup changed its rating from "buy" to "neutral" and cut the target price to $190.00. Currently, eight analysts rate the stock as a hold, five give it a buy rating, and one assigns a strong buy rating, leading to a consensus rating of "Moderate Buy" and an average target price of $217.73.

Insider Transactions

In other developments, WEX's Chief Operating Officer Robert Joseph Deshaies sold 175 shares on November 29th at an average price of $189.44, totaling about $33,152. Following this transaction, Deshaies owns 7,582 shares, valued at approximately $1.4 million, reflecting a decrease of 2.26% in his shares. This insider activity was disclosed in regulatory filings available through the SEC database.

About WEX

WEX Inc. operates a commerce platform in both domestic and global markets. Its Mobility segment focuses on solutions for fleet vehicle payments, transaction processing, and managing information. The company offers services including account activation, maintenance, billing inquiries, credit and collection services, analytics solutions, and additional merchant offerings.

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