229.72 0.00 (0.00%)
After hours: 4:18PM EST
|Bid||180.00 x 800|
|Ask||230.22 x 800|
|Day's Range||223.19 - 232.20|
|52 Week Range||169.48 - 234.95|
|Beta (5Y Monthly)||1.46|
|PE Ratio (TTM)||153.15|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The trucking slowdown is providing a bit of a headwind at WEX Inc. (NYSE: WEX) even though the company continues to outperform financially. The truck fleet payments and fuel card provider reported adjusted earnings per share (EPS) of $2.61, at the high end of management's guidance range and 5 cents higher than the consensus estimate. WEX reported a 2.7% year-over-year increase in fleet solutions revenue at $261 million.
Investors interested in the Business Services sector can watch out for WM, RSG, FIS, BKI and WEX scheduled to report fourth-quarter 2019 results.
Wex (WEX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
In a statement to customers this afternoon, WEX (NYSE: WEX) said issues with its fuel cards, including its EFS and FleetOne cards, were due to an unknown data limit issue within its IBM Informix system. Later in the day, Taylor said that transactions appeared to be going through again.
An unspecified systems failure sometime in the past 24 hours left many truck drivers who use EFS fuel cards unable to fuel their vehicles. The outage appeared to be nationwide, according to social media users, some of whom had been in contact with representatives from EFS parent company WEX (NYSE: WEX). In addition to the EFS cards, WEX produces the FleetOne card and cards for other providers as well, including the Owner-Operator Independent Drivers Association (OOIDA).
The Flowr Corp.'s U.S.-listed shares rose 0.7% Tuesday, after the Canadian cannabis company announced a series of executive departures, including of its chief financial officer, chief strategy officer, chief research & innovation officer and chief policy and medical officer. The company said the changes are a realignment of the leadership culture to "drive improved operational and financial efficiencies." The company named Irina Hossu as CFO, replacing Alex Dann. Hossu was most recently vice president finance, corporate payments and emerging markets at Wex , a fintech company. She has also done stints at Revlon Canada , Molson Coors and Xerox Canada . MKM analyst Bill Kirk said the moves should better align the company with its current strategy. "As the Canadian market has evolved from a focus on growth via easy capital toward a focus on profitability with less available capital, companies, like Flowr, are wise to pursue efficiencies," he wrote in a note to clients. "The need to re-size leadership should not be a surprise." The company is now in better shape to pursue recreational cannabis in Canada and cultivation in Portugal. Europe is a key differentiator for the company and Portugal offers a better climate, cheaper workforce and lower transportation costs, said the note. Kirk rates the stock a buy with a C$4 ($3.03) price target that is almost three times its current price. U.S.-listed shares have fallen 53% in the last 12 months, while the ETFMG Alternative Harvest ETF has fallen 49% and the S&P 500 has gained 23%.
Nasdaq's (NDAQ) Q4 earnings are likely to have benefited from expansion of index and analytics businesses, growth in exchange data products across U.S. and Nordic equities.
Moody's Investors Service, ("Moody's") has affirmed WEX Inc.'s (WEX) Ba2 corporate family, senior secured debt, and senior secured bank credit facility ratings. For provisional ratings, this announcement provides certain regulatory disclosures in relation to the provisional rating assigned, and in relation to a definitive rating that may be assigned subsequent to the final issuance of the debt, in each case where the transaction structure and terms have not changed prior to the assignment of the definitive rating in a manner that would have affected the rating.
The acquisitive fintech services company hopes to boost its position in the travel industry. The deal is expected to close by midyear.
(Bloomberg) -- Wex Inc.’s chief executive officer picked up a pair of travel-payments businesses to give her company some relief from the rise and fall of gas prices.Wex, one of the largest providers of fuel cards for corporate fleets, has been trying to diversify in recent years, CEO Melissa Smith said Friday in an interview. The company has been building out its health-care and travel-payments business as part of that effort, she said.The deals for eNett and Optal, which total $1.7 billion and are expected to be completed by the middle of the year, will add to adjusted earnings in the first 12 months, according to a statement from Portland, Maine-based Wex.“We’ve done a bit of everything,” Smith said. The latest acquisitions are “building upon the travel expertise that we already have and adding to the scale of the business.”The company has been involved with roughly a dozen acquisitions since Smith took over as CEO in 2013. In that time, Wex’s market capitalization climbed to about $10 billion from $2.63 billion.To contact the reporter on this story: Jenny Surane in New York at email@example.comTo contact the editors responsible for this story: Michael J. Moore at firstname.lastname@example.org, Steve Dickson, Daniel TaubFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
When you buy a stock there is always a possibility that it could drop 100%. But on a lighter note, a good company can...
We are still in an overall bull market and many stocks that smart money investors were piling into surged in 2019. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained more than 57% each. Hedge funds' top 3 stock picks returned 45.7% last year and beat the S&P 500 […]
The recent acquisition of Discovery Benefits boosts WEX's position as a technology platform in the healthcare space and enhances its employee benefits platform.
Wex stock is easily overlooked by investors. The company helps other companies control their costs. It's a growing, and profitable, niche.
A credit card program that rewards companies filling up at Valero-branded gas stations will be under new management next year. Wex (NYSE: WEX) signed a contract with Valero Energy Corp. to manage its fleet credit card program beginning in April, according to an announcement Monday. Valero (NYSE: VLO) had previously managed the program in-house.
Is WEX Inc (NYSE:WEX) a good place to invest some of your money right now? We can gain invaluable insight to help us answer that question by studying the investment trends of top investors, who employ world-class Ivy League graduates, who are given immense resources and industry contacts to put their financial expertise to work. […]
Wex jumped back above a 221.76 buy point after reporting accelerating earnings growth for a 3rd straight quarter. The payments firm broke out in mid-January, but pulled back to its 50-day line last week.