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Last $111.02 USD
Change Today +0.05 / 0.05%
Volume 255.6K
WEX On Other Exchanges
Symbol
Exchange
New York
Frankfurt
OTC US
As of 8:04 PM 04/27/15 All times are local (Market data is delayed by at least 15 minutes).

wex inc (WEX) Snapshot

Open
$111.46
Previous Close
$110.97
Day High
$111.95
Day Low
$109.51
52 Week High
11/25/14 - $119.11
52 Week Low
04/30/14 - $88.01
Market Cap
4.3B
Average Volume 10 Days
228.4K
EPS TTM
$4.70
Shares Outstanding
38.6M
EX-Date
--
P/E TM
23.6x
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

WEX Inc. Presents at KBW Cards, Payments & Financial Technology Symposium, Mar-10-2015 02:35 PM

WEX Inc. Presents at KBW Cards, Payments & Financial Technology Symposium, Mar-10-2015 02:35 PM. Venue: Mandarin Oriental Hotel, New York, New York, United States. Speakers: Melissa D. Smith, Chief Executive Officer, President, Director and President of the Americas.

WEX Inc. Announces Consolidated Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter and Full Year of 2015

WEX Inc. announced consolidated unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenues of $211,864,000 against $182,283,000 a year ago. Operating income was $150,022,000 against $111,048,000 a year ago. Income before income taxes was $79,303,000 against $55,896,000 a year ago. Net earnings attributable to company was $47,893,000 against $34,468,000 a year ago. Net earnings attributable to company per diluted share was $1.23 against $0.88 a year ago. Adjusted net income attributable to company was $37,232,000 against $45,680,000 a year ago. CapEx for the fourth quarter was approximately $19 million. Non-GAAP adjusted net income came in at $37.2 million or $0.96 per diluted share, down from $45.7 million or $1.17 per diluted share for the same period last year. For the full year, the company reported total revenues of $817,647,000 against $717,463,000 a year ago. Operating income was $306,238,000 against $276,739,000 a year ago. Income before income taxes was $301,639,000 against $148,298,000 a year ago. Net earnings attributable to company was $202,211,000 against $149,208,000 a year ago. Net earnings attributable to company per diluted share was $5.18 against $3.82 a year ago. Adjusted net income attributable to company was $193,610,000 against $179,844,000 a year ago. Total CapEx for the full year was $58 million. For the first quarter of 2015, the company expects revenue in the range of $192 million to $201 million and adjusted net income in the range of $37 million to $40 million, or $0.94 to $1.02 per diluted share. For the full year 2015, the company expects revenue in the range of $860 million to $890 million and adjusted net income to be in the range of $191 million to $203 million, or $4.90 to $5.20 per diluted share. The company expects adjusted net income tax rate to be between 36% and 37% for 2015, total capital expenditures to be approximately $60 million to $65 million.

WEX Mulls Acquisitions In 2015

Micky Thomas, Vice President of Investor Relations and Treasurer of WEX Inc. (NYSE:WEX) said in the fourth quarter 2014 fianncial earnings call said,"In healthcare, we'll build on the success of Evolution1, while expanding the partner network, innovating through leading technology and leveraging our expertise with new offerings. As we pursue these objectives, we'll maintain our disciplined approach to capital allocation, considering strategic acquisition opportunities in organic growth initiatives that align with and help accelerate our plans".

 

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Industry Analysis

WEX

Industry Average

Valuation WEX Industry Range
Price/Earnings 21.4x
Price/Sales 5.3x
Price/Book 4.1x
Price/Cash Flow 15.7x
TEV/Sales 3.2x
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