Date | Price Target | Rating | Analyst |
---|---|---|---|
6/5/2024 | $200.00 | Equal Weight | Wells Fargo |
10/20/2023 | $210.00 | Neutral | UBS |
10/17/2023 | $240.00 | Peer Perform → Outperform | Wolfe Research |
7/7/2023 | $190.00 | Hold | Deutsche Bank |
6/2/2022 | $230.00 | Outperform | Evercore ISI |
4/5/2022 | $205.00 | Overweight | Wells Fargo |
2/16/2022 | $200.00 → $220.00 | Buy | Mizuho |
2/14/2022 | $180.00 → $195.00 | Neutral | Credit Suisse |
Wells Fargo initiated coverage of WEX with a rating of Equal Weight and set a new price target of $200.00
UBS resumed coverage of WEX with a rating of Neutral and set a new price target of $210.00
Wolfe Research upgraded WEX from Peer Perform to Outperform and set a new price target of $240.00
8-K - WEX Inc. (0001309108) (Filer)
8-K - WEX Inc. (0001309108) (Filer)
10-Q - WEX Inc. (0001309108) (Filer)
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 amended share repurchase program under which up to an additional $1.0 billion worth of WEX's common stock may be repurchased, expanding the total authorization to $2.05 billion through December 31, 2025. "This is yet another important milestone in the execution of our balanced capital allocation framework that is key to our value creation strategy," said Melissa Smith, WEX's Chair, Chief Executive Officer, and President. "Our strong balance sheet and highly cash generative business model enable us to invest in growth while also
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 repurchase ("ASR") agreement with JPMorgan Chase Bank, National Association ("JPMorgan") to repurchase an aggregate of $300 million of WEX's outstanding common stock. WEX entered into the ASR under its existing $1.05 billion amended share repurchase authorization, which was announced in February 2024. "Entering into this ASR reflects our confidence and belief in WEX's intrinsic value and long-term growth potential, underpinned by our strong revenue and earnings growth profile and our expectations for our future cash generation," sai
Q2 revenue increased 8% year-over-year to a second quarter record $673 million, driven by 13% growth in the Benefits segment and acceleration in Mobility segment growth rate Q2 GAAP net income was $1.83 per diluted share; Q2 adjusted net income was $3.91 per diluted share Q2 GAAP operating income margin of 25.0% and adjusted operating income margin of 40.7% Share repurchases of approximately $100 million during Q2, an additional $70 million in July 2024, and expect to enter into a $300 million accelerated share repurchase agreement in the near future WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today reported financial results for
WEX (NYSE:WEX) reported quarterly earnings of $3.91 per share which beat the analyst consensus estimate of $3.80 by 2.89 percent. This is a 7.71 percent increase over earnings of $3.63 per share from the same period last year. The company reported quarterly sales of $673.500 million which missed the analyst consensus estimate of $679.819 million by 0.93 percent. This is a 8.40 percent increase over sales of $621.300 million the same period last year.
4 - WEX Inc. (0001309108) (Issuer)
4 - WEX Inc. (0001309108) (Issuer)
4 - WEX Inc. (0001309108) (Issuer)
Q2 revenue increased 8% year-over-year to a second quarter record $673 million, driven by 13% growth in the Benefits segment and acceleration in Mobility segment growth rate Q2 GAAP net income was $1.83 per diluted share; Q2 adjusted net income was $3.91 per diluted share Q2 GAAP operating income margin of 25.0% and adjusted operating income margin of 40.7% Share repurchases of approximately $100 million during Q2, an additional $70 million in July 2024, and expect to enter into a $300 million accelerated share repurchase agreement in the near future WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today reported financial results for
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 results before the market opens on Thursday, July 25, 2024. From WEX, Melissa Smith, Chair and Chief Executive Officer, and Jagtar Narula, Chief Financial Officer, will host a conference call that morning at 10:00 AM ET to discuss the Company's results. The conference call will be webcast live online and may be accessed through the investor relations section of the WEX website, www.wexinc.com. The live conference call may also be accessed by dialing +1-888-596-4144 or +1-646-968-2525. The passcode number is 2902800. A replay o
Q1 revenue increased 7% year-over-year to a first quarter record $653 million, driven by 16% growth in the Benefits segment and 17% in the Corporate Payments segment Q1 GAAP net income was $1.55 per diluted share; Q1 adjusted net income was $3.46 per diluted share Q1 GAAP operating income margin of 25.2% and adjusted operating income margin of 38.5% Raises full-year 2024 financial guidance 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, 2024. "WEX delivered impressive financial results in the first quarter, including record first quarter revenue, marking a strong
WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced that Sachin Dhawan has been appointed Chief Technology Officer (CTO). In this position, Mr. Dhawan will lead WEX's global Technology Organization, including product and platform technology, architecture, cybersecurity, infrastructure and cloud engineering, technical operations, enterprise applications and Corporate IT, and technology-risk management. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231212875342/en/(Photo: Business Wire) "Sachin is a career technologist with decades of global experience articulating and
Alegeus, the market leader in healthcare payment solutions, today announced the appointment of Melanie Hallenbeck as chief growth officer. With more than two decades of channel experience in the employee benefits and consumer-directed healthcare space, Hallenbeck most recently served as chief growth officer at Elevate, a fast-growing developer of employee benefits technology. Prior to Elevate, she served as chief growth and marketing officer at benefitexpress, which was acquired by Wex (NASDAQ:WEX), a leading global benefits company. Previously, she was senior vice president at WageWorks, leading the organization's health plan partner channel business. Earlier in her career, she held seni
Veteran WEX officer to take on additional strategic duties WEX (NYSE:WEX), the global commerce platform that simplifies the business of running a business, today announced the appointment of Jay Dearborn as Chief Strategy Officer, effective immediately. In this newly created role, Dearborn will drive both strategy and operational planning across the organization. He will also be responsible for end-to-end M&A activities, including deal origination, execution, and integration, as well as government affairs and external communications. "As we outlined at our Investor Day in March, WEX has a strong history of evolution, and today's announcement represents our commitment to further streamlini
SC 13G/A - WEX Inc. (0001309108) (Subject)
SC 13G/A - WEX Inc. (0001309108) (Subject)
SC 13G/A - WEX Inc. (0001309108) (Subject)