U.S. Markets closed
  • S&P 500

    3,785.38
    -33.45 (-0.88%)
     
  • Dow 30

    30,775.43
    -253.88 (-0.82%)
     
  • Nasdaq

    11,028.74
    -149.16 (-1.33%)
     
  • Russell 2000

    1,707.99
    -11.38 (-0.66%)
     
  • Crude Oil

    105.89
    -3.89 (-3.54%)
     
  • Gold

    1,808.20
    -9.30 (-0.51%)
     
  • Silver

    20.25
    -0.49 (-2.38%)
     
  • EUR/USD

    1.0484
    +0.0041 (+0.3879%)
     
  • 10-Yr Bond

    2.9720
    -0.1210 (-3.91%)
     
  • Vix

    28.71
    +0.55 (+1.95%)
     
  • GBP/USD

    1.2173
    +0.0051 (+0.4212%)
     
  • USD/JPY

    135.7220
    -0.8230 (-0.6027%)
     
  • BTC-USD

    19,007.62
    -1,209.10 (-5.98%)
     
  • CMC Crypto 200

    408.15
    -23.31 (-5.40%)
     
  • FTSE 100

    7,169.28
    -143.04 (-1.96%)
     
  • Nikkei 225

    26,393.04
    -411.56 (-1.54%)
     

WEX Rides on Buyouts and Product Excellence Amid High Debt

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·3 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

WEX Inc. WEX has had an impressive run on the bourses over the past six months. The stock appreciated 15.4% against 9.7% decline of the industry it belongs to.

WEX recently reported fourth-quarter 2021 adjusted earnings of $2.58 per share that surpassed the Zacks Consensus Estimate by 4.9% and increased 77.9% year over year. Total revenues of $497.5 million surpassed the consensus mark by a slight margin and increased 25% year over year.

WEX Inc. Price

WEX Inc. Price
WEX Inc. Price

WEX Inc. price | WEX Inc. Quote

How is WEX Doing?

WEX’s strategic revenue-generation efforts include utilizing its extensive network of fuel and service providers, transaction volume growth, product excellence, marketing capabilities, and sales force productivity.

The company has been actively acquiring and investing in companies, both in the United States as well as internationally, to expand its product and service offerings, which are in turn contributing to revenue growth and enhancing scalability.

The June 2021 acquisition of benefitexpress is expected to expand WEX’s offerings in benefits administration by bringing in a complementary suite of solutions to its Health offerings. In 2020, WEX acquired eNett and Optal, both of which have strengthened the company’s position in the global travel marketplace.

WEX has more long-term debt outstanding than cash. Cash and cash equivalent balance at the end of fourth-quarter 2021 was $588.9 million compared with the long-term debt level of $2.7 billion.

Zacks Rank and Other Stocks to Consider

WEX currently carries a Zacks Rank #2 (Buy).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Some other stocks in the broader Business Services sector that investors may consider are Cross Country Healthcare CCRN, Accenture ACN and Clean Harbors CLH.

Cross Country Healthcare sports a Zacks Rank #1. The company has a long-term earnings growth of 6.6%.

Cross Country Healthcare delivered a trailing four-quarter earnings surprise of 41.5%, on average. CCRN’s shares have surged 68.1% in the past year.

Accenture carries a Zacks Rank #2. The company has an expected earnings growth rate of 26% for the current year. It delivered a trailing four-quarter earnings surprise of 5.3%, on average.

Accenture’s shares have surged 26% in the past year. The company has a long-term earnings growth of 10%.

Clean Harbors carries a Zacks Rank #1. The company pulled off a trailing four-quarter earnings surprise of 43.2%, on average.

CLH’s shares have jumped 11.9% in the past year.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Accenture PLC (ACN) : Free Stock Analysis Report

Clean Harbors, Inc. (CLH) : Free Stock Analysis Report

Cross Country Healthcare, Inc. (CCRN) : Free Stock Analysis Report

WEX Inc. (WEX) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research