Zacks Research Issues Positive Estimate for WEX Earnings

by · The Markets Daily

WEX Inc. (NYSE:WEX – Free Report) – Stock analysts at Zacks Research boosted their Q3 2026 earnings per share (EPS) estimates for shares of WEX in a note issued to investors on Wednesday, August 12th. Zacks Research analyst Team now anticipates that the business services provider will post earnings per share of $4.83 for the quarter, up from their prior estimate of $4.52. The consensus estimate for WEX’s current full-year earnings is $17.11 per share. Zacks Research also issued estimates for WEX’s FY2026 earnings at $17.03 EPS, Q1 2027 earnings at $3.95 EPS, Q2 2027 earnings at $4.43 EPS, Q3 2027 earnings at $5.00 EPS, Q4 2027 earnings at $4.54 EPS, FY2027 earnings at $17.93 EPS, Q1 2028 earnings at $4.47 EPS, Q2 2028 earnings at $4.82 EPS and FY2028 earnings at $19.58 EPS.

WEX has been the subject of several other research reports. Loop Capital initiated coverage on shares of WEX in a research note on Monday, April 27th. They issued a “buy” rating and a $195.00 price objective for the company. Morgan Stanley increased their target price on shares of WEX from $161.00 to $172.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 21st. Weiss Ratings upgraded shares of WEX from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. Mizuho lifted their price target on shares of WEX from $170.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Finally, Evercore upgraded shares of WEX to an “outperform” rating in a report on Tuesday, July 21st. Six investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $183.30.

View Our Latest Stock Analysis on WEX

WEX Price Performance

Shares of WEX opened at $191.93 on Monday. The firm has a market cap of $6.54 billion, a PE ratio of 19.12, a price-to-earnings-growth ratio of 1.00 and a beta of 0.82. WEX has a 52-week low of $125.29 and a 52-week high of $199.69. The business’s 50 day moving average price is $160.57 and its two-hundred day moving average price is $156.39. The company has a debt-to-equity ratio of 2.62, a quick ratio of 1.04 and a current ratio of 1.04.

WEX (NYSE:WEX – Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $5.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.08 by $0.27. WEX had a return on equity of 43.19% and a net margin of 12.56%.The company had revenue of $753.50 million for the quarter, compared to the consensus estimate of $740.72 million. During the same period in the previous year, the business earned $3.95 EPS. The firm’s revenue was up 14.2% compared to the same quarter last year. WEX has set its Q3 2026 guidance at 5.450-5.650 EPS and its FY 2026 guidance at 19.680-20.080 EPS.

WEX declared that its board has authorized a share repurchase program on Thursday, May 14th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the business services provider to reacquire up to 21.2% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at WEX

In related news, COO Carlos Carriedo sold 1,075 shares of WEX stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $186.00, for a total value of $199,950.00. Following the completion of the sale, the chief operating officer owned 11,076 shares of the company’s stock, valued at approximately $2,060,136. This trade represents a 8.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ann Elena Drew sold 3,400 shares of the business’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $176.02, for a total transaction of $598,468.00. Following the sale, the insider owned 7,988 shares of the company’s stock, valued at $1,406,047.76. This trade represents a 29.86% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 9,858 shares of company stock worth $1,662,835. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. American Century Companies Inc. raised its holdings in shares of WEX by 1.9% during the second quarter. American Century Companies Inc. now owns 3,205 shares of the business services provider’s stock valued at $471,000 after purchasing an additional 60 shares during the last quarter. First Horizon Corp raised its holdings in WEX by 65.7% in the 4th quarter. First Horizon Corp now owns 237 shares of the business services provider’s stock worth $35,000 after purchasing an additional 94 shares during the period. Eukles Asset Management lifted its position in shares of WEX by 2.8% during the 4th quarter. Eukles Asset Management now owns 3,429 shares of the business services provider’s stock valued at $511,000 after buying an additional 95 shares in the last quarter. Nicolet Advisory Services LLC lifted its holdings in WEX by 8.1% during the third quarter. Nicolet Advisory Services LLC now owns 1,362 shares of the business services provider’s stock valued at $214,000 after purchasing an additional 102 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in WEX by 0.9% during the third quarter. Public Employees Retirement System of Ohio now owns 11,095 shares of the business services provider’s stock valued at $1,748,000 after acquiring an additional 104 shares during the period. 97.47% of the stock is currently owned by institutional investors and hedge funds.

WEX Company Profile

(Get Free Report)

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.

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