WEX Inc. (WEX)
| Market Cap | 7.66B |
| Revenue (ttm) | 2.64B |
| Net Income (ttm) | 246.00M |
| Shares Out | 41.08M |
| EPS (ttm) | 5.76 |
| PE Ratio | 32.33 |
| Forward PE | 10.70 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 426,530 |
| Open | 187.61 |
| Previous Close | 187.73 |
| Day's Range | 185.80 - 189.01 |
| 52-Week Range | 161.95 - 244.04 |
| Beta | 1.54 |
| Analysts | Buy |
| Price Target | 239.58 (+28.57%) |
| Earnings Date | Oct 24, 2024 |
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. This segment markets its products directly and indirectly to businesses and govern... [Read more]
Financial Performance
In 2023, WEX Inc.'s revenue was $2.55 billion, an increase of 8.40% compared to the previous year's $2.35 billion. Earnings were $266.60 million, an increase of 32.37%.
Financial StatementsAnalyst Forecast
According to 12 analysts, the average rating for WEX stock is "Buy." The 12-month stock price forecast is $239.58, which is an increase of 28.57% from the latest price.
News
WEX Wrap-Up for Wednesday August 14, 2024
A quick look at the top headlines that could move markets and individual stocks today.
WEX Wrap-Up: Boeing to adjust plane design to avoid Alaska Air repeat
CNBC's Frank Holland discusses the top market stories for the day.
WEX Announces Entry Into a $300 Million Accelerated Share Repurchase Agreement
PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced it has entered into an accelerated share repurc...
WEX Sees AI, Commercial EVs as Growth Opportunities
Global commerce platform WEX is looking to artificial intelligence (AI) and commercial electric vehicles (EVs) as opportunities for growth after reporting record quarterly revenue.
WEX Inc. Reports Second Quarter 2024 Financial Results
PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months ended June 30,...
WEX Inc. to Release Second Quarter 2024 Financial Results on July 25, 2024
PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced it will report second quarter 2024 financial re...
WEX Inc. Secures Preliminary Injunction Against HP
PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, has obtained a preliminary injunction to stop the infringing conduct...
Top 4 Financial Stocks That Could Lead To Your Biggest Gains In Q2
The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.
WEX Names Sara Trickett as Chief Legal Officer and Corporate Secretary
PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced that Sara Trickett, current Acting General Coun...
WEX to Present at the William Blair Growth Stock Conference
PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced that its Chair and Chief Executive Officer, Mel...
WEX Reaches Agreement with Shell for Portfolio of Commercial Fleet Fuel Cards in North America
PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced that it has reached an agreement with Shell to manage...
WEX to Present at Upcoming Investor Conferences
PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced that it will present at the following upcoming ...
WEX: Valuation Seems Reasonable For The Quality Of The Business
WEX is transitioning its business model to focus on B2B payments and employee benefits management, which are growing at higher rates than its core business. WEX's core business, which offers fleet veh...
WEX Inc. (WEX) Q1 2024 Earnings Call Transcript
WEX Inc. (NYSE:WEX) Q1 2024 Earnings Conference Call April 25, 2024 10:00 AM ET Company Participants Steve Elder – Senior Vice President-Investor Relations Melissa Smith – Chair and Chief Executive O...
WEX Inc. Reports First Quarter 2024 Financial Results
PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months ended March 31...
WEX Signs Agreement with Leading Online Travel Platform Booking.com
PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced that it has reached a new long-term agreement with Bo...
WEX Streamlines Commercial EV Adoption with General Availability of At-Home and En Route Charging Products
PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced the general availability of WEX EV At-Home in the Un...
WEX INC. FILES FEDERAL LAWSUIT AGAINST HP TO PROTECT TRADEMARK AND BRAND
PORTLAND, Maine , April 11, 2024 /PRNewswire/ -- WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, has filed a federal lawsuit against HP Inc. and Hewle...
HP sued by Wex for trademark infringement over 'Wex' software
Software company Wex Inc sued HP Inc for trademark infringement in Maine federal court on Thursday, accusing it of misusing the "Wex" name to brand competing HP software.
WEX Inc. to Release First Quarter 2024 Financial Results on April 25, 2024
PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced it will report first quarter 2024 financial res...
WEX Named to Newsweek's America's Greatest Workplaces for Diversity, Women in 2024
PORTLAND, Maine--(BUSINESS WIRE)--WEX is named to Newsweek's America's Greatest Workplaces for Diversity, Women in 2024.
WEX to Present at 45th Annual Raymond James Institutional Investors Conference
PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced that its Chair and Chief Executive Officer, Mel...
WEX Board of Directors Authorizes Increased Share Repurchase Program
PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced that its board of directors has authorized an a...
WEX to Present at KBW's 2024 Fintech & Payments Conference
PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced that its Chair and Chief Executive Officer, Mel...
WEX Inc. (WEX) Q4 2023 Earnings Call Transcript
WEX Inc. (WEX) Q4 2023 Earnings Call Transcript