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$WEX

7 stories mentioning WEXUpdated 7d ago

Every FINWIRES story that references WEX, newest first.

Wire

WEX Q2 Adjusted Earnings, Revenue Rise; Q3 Guidance Set

WEX (WEX) reported Q2 adjusted earnings late Wednesday of $5.35 per diluted share, up from $3.95 a year earlier.Analysts polled by FactSet expected $5.08.Revenue for the three months ended June 30 was $753.5 million, up from $659.6 million a year earlier.Analysts expected $740.7 million.For Q3, the company expects adjusted EPS of $5.45 to $5.65 on revenue of $733 million to $753 million. Analysts expect EPS of $5.42 on revenue of $737.1 million.For the full-year 2026, the company now expects adjusted EPS of $19.68 to $20.08 on revenue of $2.86 billion to $2.90 billion. It earlier expected adjusted EPS of $18.95 to $19.55 on revenue of $2.82 billion to $2.88 billion.Analysts expect EPS of $19.41 on revenue of $2.86 billion.

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Insider Trading

Wex Insider Sold Shares Worth $296,796, According to a Recent SEC Filing

Robert Joseph Deshaies, COO, Benefits, on July 06, 2026, sold 2,000 shares in Wex (WEX) for $296,796. Following the Form 4 filing with the SEC, Deshaies has control over a total of 20,288 common shares of the company, with 20,288 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1309108/000178832926000015/xslF345X05/wk-form4_1783545815.xml

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Wire

WEX to Split CEO, Chair Roles, Adds Three New Directors in Deal With Impactive

WEX (WEX) plans to separate its chairman and CEO roles following its May 14 annual meeting and add three new independent directors under a cooperation agreement with Impactive Capital Master Fund.The refreshed slate includes Kurt Adams, Ellen Alemany and Lauren Taylor Wolfe, Impactive's co-founder, who will stand for election at the rescheduled meeting, WEX said Monday in a statement. Impactive will withdraw its nomination notice and support the revised lineup as part of the agreement.WEX will nominate eight directors, bringing the board to 11 members after the meeting. Melissa Smith will continue as president and CEO and remain on the board once the chair and CEO roles are split.Price: $154.44, Change: $+3.30, Percent Change: +2.18%

$GE$WEX
Research

Loop Capital Initiates Coverage on WEX With Buy Rating, $195 Price Target

WEX (WEX) has an average rating of Hold and mean price target of $176.64, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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Wire

WEX Q1 Adjusted Earnings, Revenue Rise

WEX (WEX) reported Q1 adjusted earnings late Wednesday of $4.15 per diluted share, up from $3.51 a year earlier.Analysts polled by FactSet expected $4.08.Revenue in the three months ended March 31 rose to $673.8 million from $636.6 million a year earlier.Analysts surveyed by FactSet expected $671.8 million.WEX expects Q2 adjusted EPS of $4.93 to $5.13 on revenue of $727 million to $747 million. Analysts project EPS of $4.65 on revenue of $713.7 million.The company expects full-year adjusted EPS of $18.95 to $19.55 on revenue of $2.82 billion to $2.88 billion. Analysts project EPS of $18.52 on revenue of $2.82 billion.WEX shares fell 2.7% in after-hours trading.

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Wire

WEX, Corpay Poised for Q1 Lift From Higher Fuel-Transaction Revenue, BofA Says

WEX (WEX) and Corpay (CPAY) are positioned to benefit in Q1 from the jump in US fuel prices, which boosts transaction-based revenue in their fleet and vehicle-payments businesses, BofA Securities said Wednesday in a report.WEX is tracking ahead of expectations for the quarter, with revenue and adjusted earnings likely to exceed consensus as higher fuel prices flow through its fuel-linked payment volumes, the report said. BofA forecasts Q1 revenue of $676 million and adjusted EPS of $4.11, above Wall Street estimates.Corpay is expected to deliver results broadly in line with consensus, with investor attention focused on any updates to its outlook and progress on merger and divestiture plans, the report said. BofA models Q1 revenue of $1.21 billion and adjusted EPS of $5.45.WEX is scheduled to report results on April 22 with Corpay on May 6.BofA raised its price target on WEX stock to $193 from $180 and maintained its buy rating. On Corpay, BofA reduced its price target to $377 from $384 and reiterated its buy rating.WEX shares rose 2.2% in Wednesday trading, and Corpay gained 0.9%.Price: $171.67, Change: $+3.68, Percent Change: +2.19%

$CPAY$WEX
Wire

Market Chatter: WEX Shareholders Urged by Impactive Capital to Replace CEO on Board Next Month

WEX (WEX) shareholders are being urged by Impactive Capital to replace the company's Chief Executive Officer Melissa Smith on its board of directors at its annual meeting next month, Reuters reported Friday, citing sources and documents.Impactive Capital, which owns about 5% of WEX, wants to replace three sitting directors, including CEO Smith, who is also the company's board chair, the report said, adding that the hedge fund does not want to replace the CEO, but replace her on the board and to separate the CEO and chair roles.The hedge fund further said that Smith's pay is too high and the board's governance record is poor, Reuters reported.WEX did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $157.98, Change: $-1.52, Percent Change: -0.95%

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