Zacks Research Forecasts WEX’s FY2028 Earnings (NYSE:WEX)

WEX Inc. (NYSE:WEX) – Equities research analysts at Zacks Research issued their FY2028 earnings per share (EPS) estimates for WEX in a note issued to investors on Wednesday, February 25th. Zacks Research analyst Team forecasts that the business services provider will post earnings per share of $18.09 for the year. The consensus estimate for WEX’s current full-year earnings is $14.09 per share.

A number of other equities analysts have also recently issued reports on WEX. UBS Group set a $165.00 target price on shares of WEX and gave the stock a “neutral” rating in a report on Friday, February 6th. Morgan Stanley set a $146.00 price target on WEX in a research report on Friday, February 6th. JPMorgan Chase & Co. cut their price target on WEX from $175.00 to $155.00 and set a “neutral” rating on the stock in a report on Friday, February 6th. Weiss Ratings restated a “hold (c)” rating on shares of WEX in a research report on Wednesday, January 21st. Finally, Cantor Fitzgerald increased their target price on WEX from $158.00 to $166.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Three research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, WEX presently has an average rating of “Hold” and a consensus price target of $162.27.

WEX Trading Up 0.9%

NYSE WEX opened at $151.37 on Friday. The company has a debt-to-equity ratio of 2.86, a quick ratio of 1.05 and a current ratio of 1.05. WEX has a one year low of $110.45 and a one year high of $180.71. The company has a 50-day simple moving average of $155.15 and a 200-day simple moving average of $156.86. The firm has a market capitalization of $5.19 billion, a PE ratio of 17.81, a price-to-earnings-growth ratio of 1.16 and a beta of 0.98.

WEX (NYSE:WEX) last released its earnings results on Wednesday, February 4th. The business services provider reported $4.11 earnings per share for the quarter, beating the consensus estimate of $3.90 by $0.21. The firm had revenue of $672.90 million during the quarter, compared to analyst estimates of $660.89 million. WEX had a net margin of 11.43% and a return on equity of 48.01%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.57 earnings per share. WEX has set its FY 2026 guidance at 17.250-17.850 EPS and its Q1 2026 guidance at 3.80-4.000 EPS.

Insiders Place Their Bets

In other WEX news, CAO Jennifer Kimball sold 494 shares of the business’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $151.40, for a total transaction of $74,791.60. Following the completion of the transaction, the chief accounting officer owned 3,671 shares in the company, valued at approximately $555,789.40. The trade was a 11.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Robert Joseph Deshaies sold 3,238 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $150.22, for a total value of $486,412.36. Following the completion of the transaction, the chief operating officer directly owned 14,859 shares of the company’s stock, valued at approximately $2,232,118.98. The trade was a 17.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 8,154 shares of company stock valued at $1,256,518. 1.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On WEX

Several institutional investors have recently bought and sold shares of WEX. Lightrock Netherlands B.V. boosted its position in shares of WEX by 19.7% in the 3rd quarter. Lightrock Netherlands B.V. now owns 43,800 shares of the business services provider’s stock valued at $6,900,000 after purchasing an additional 7,200 shares during the period. CenterBook Partners LP purchased a new stake in WEX during the third quarter valued at about $3,164,000. Vanguard Group Inc. lifted its stake in WEX by 0.4% during the third quarter. Vanguard Group Inc. now owns 3,262,255 shares of the business services provider’s stock valued at $513,903,000 after buying an additional 12,099 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. boosted its holdings in shares of WEX by 52.2% in the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 22,682 shares of the business services provider’s stock worth $3,573,000 after buying an additional 7,784 shares during the period. Finally, Norges Bank purchased a new position in shares of WEX in the second quarter worth approximately $42,812,000. Institutional investors and hedge funds own 97.47% of the company’s stock.

About WEX

WEX Inc is a global financial technology company specializing in business payment solutions for fleet, travel, and corporate payments. The company delivers software-driven platforms and card-based services that help businesses automate payment processes, manage expenses and improve operational efficiency across a range of industries, including transportation, healthcare and government.

Founded in 1983 as Wright Express in Portland, Maine, the company began by offering fuel card services to trucking fleets.