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Last $95.18 USD
Change Today +0.095 / 0.10%
Volume 47.3K
WEX On Other Exchanges
Symbol
Exchange
Frankfurt
OTC US
As of 10:42 AM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

wex inc (WEX) Snapshot

Open
$94.58
Previous Close
$95.08
Day High
$96.17
Day Low
$94.58
52 Week High
11/25/14 - $119.11
52 Week Low
08/24/15 - $83.76
Market Cap
3.7B
Average Volume 10 Days
475.4K
EPS TTM
$4.30
Shares Outstanding
38.7M
EX-Date
--
P/E TM
22.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for WEX INC (WEX)

wex inc (WEX) Related Businessweek News

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wex inc (WEX) Details

WEX Inc. provides corporate card payment solutions in North and South America, the Asia Pacific, and Europe. It operates in two segments, Fleet Payment Solutions and Other Payment Solutions. The Fleet Payment Solutions segment offers fleet vehicle payment and transaction processing services. This segment markets its products and services directly to commercial and government vehicle fleet customers with small, medium, and large fleets, as well as with over-the-road long haul fleets; and indirectly through co-branded and private label relationships. The Other Payment Solutions segment provides payment processing solutions for corporate payment and transaction monitoring needs. Its products include virtual cards that are used for transactions that require pre-authorization and where no card is presented; healthcare payment products, which are used in healthcare payments markets; employee benefit cards, private label, and processing services for use in the retail, government, and transportation sectors; and prepaid and gift card products enables secure payment and financial management solutions with single card options, access to open or closed loop redemption, load limits, and with various expirations. This segment markets its products and services directly to commercial and government organizations. The company was formerly known as Wright Express Corporation and changed its name to WEX Inc. in October 2012. WEX Inc. was founded in 1983 and is headquartered in South Portland, Maine.

2,004 Employees
Last Reported Date: 02/26/15
Founded in 1983

wex inc (WEX) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $515.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $330.2K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $320.2K
Senior Vice President of International
Total Annual Compensation: $297.8K
Senior Vice President of Corporate Developmen...
Total Annual Compensation: $361.9K
Compensation as of Fiscal Year 2014.

wex inc (WEX) Key Developments

UATP Partners with WEX to Provide Virtual Credit Card Solution to Entire UATP Network

UATP announced that it has formed a relationship with WEX to provide the WEX Virtual Credit Card Solution (VCC) to the entire UATP Network. This relationship will allow UATP corporate account holders to pay for hotel and rental cars through the VCC solution. Corporate travelers will be given a single-use virtual credit card number which can be used in any currency that WEX settles. Corporate travelers will receive one consolidated travel statement for all of their air, hotel and rental car bookings.

ServiceMaster Global Holdings Selects WEX to Provide Full Suite of Corporate Payments Solutions

WEX Inc. announced that it has been selected to provide its full suite of corporate payments solutions to ServiceMaster Global Holdings Inc. Through this agreement, all corporate and participating franchise vehicles within ServiceMaster's network of well-recognized brands including Terminix and Merry Maids, with an estimated fleet size of 6,600, will utilize WEX's fleet, virtual and analytics solutions. In addition, ServiceMaster will be leveraging WEX's analytics platform to easily analyze large quantities of driver and vehicle data and better understand fleet activity. These analytic capabilities will allow ServiceMaster to quickly identify and understand short- and long-term purchasing trends, review performance benchmarks and identify exceptions to fuel purchase policies. Ultimately, the WEX Fleet analytics platform will allow ServiceMaster to better manage its fleet and generate measurable cost savings.

WEX Inc. Reports Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter and Full Year 2015

WEX Inc. reported unaudited consolidated financial results for the second quarter and six months ended June 30, 2015. For the quarter, total revenue increased 6% to $213.7 million from $201.6 million for the second quarter of 2014. Net income to common shareholders on a GAAP basis was $26.5 million, or $0.68 per diluted share compared with $43.3 million, or $1.11 per diluted share, for the second quarter last year. On a non-GAAP basis, the company's adjusted net income decreased 9% to $48.3 million, or $1.25 per diluted share, from $53.1 million, or $1.36 per diluted share, for the same period a year ago. Adjusted net income has been revised to exclude the impact of foreign currency re-measurement gains and losses and related hedges. Operating income was $62.92 million compared to $80.33 million for the same period a year ago. Income before income taxes was $42.84 million compared to $66.73 million for the same period a year ago. For the six months, the company total revenue of $415.94 million compared to $383.65 million for the same period a year ago. Operating income was $111.16 million compared to $141.87 million for the same period a year ago. Income before income taxes was $77.37 million compared to $123.79 million for the same period a year ago. Net income to common shareholders on a GAAP basis was $48.84 million, or $1.26 per diluted share compared with $79.88 million, or $2.05 per diluted share for the same period a year ago. Adjusted net Income attributable to the company was $94.54 million compared to $94.09 million for the same period a year ago. The company provided earnings guidance for the third quarter and full year 2015. For the third quarter of 2015, the company expects revenue in the range of $224 million to $233 million and adjusted net income in the range of $54 million to $57 million, or $1.38 to $1.46 per diluted share. The company's guidance also assumes that third quarter 2015 credit loss will range between 6 and 11 basis points, and full year 2015 fleet credit loss will range between 7 and 10 basis points. The guidance also includes $11 million to $14 million of after tax losses related to WEX Europe Services. For the full year 2015, the company expects revenue in the range of $847 million to $872 million and adjusted net income in the range of $192 million to $201 million, or $4.94 to $5.14 per diluted share.

 

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Industry Analysis

WEX

Industry Average

Valuation WEX Industry Range
Price/Earnings 20.8x
Price/Sales 4.2x
Price/Book 3.3x
Price/Cash Flow 13.9x
TEV/Sales 2.4x
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