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WEX Inc (WEX.N)

WEX.N on New York Stock Exchange

103.47USD
10:36am EDT
Change (% chg)

$-0.32 (-0.31%)
Prev Close
$103.79
Open
$103.40
Day's High
$103.52
Day's Low
$102.88
Volume
6,539
Avg. Vol
82,510
52-wk High
$121.00
52-wk Low
$78.97

Latest Key Developments (Source: Significant Developments)

WEX reports Q4 adjusted earnings of $1.28/shr
Monday, 13 Feb 2017 06:45am EST 

Wex Inc : WEX Inc. reports fourth quarter and full year 2016 financial results . Q4 adjusted earnings per share $1.28 . Q4 GAAP earnings per share $0.12 . Q4 earnings per share view $1.25 -- Thomson Reuters I/B/E/S . Q4 revenue $290.8 million versus I/B/E/S view $279.9 million . Sees Q1 2017 revenue $275 million to $285 million . WEX Inc - sees Q1 adjusted net income in range of $50 million to $53 million, or $1.16 to $1.24 per diluted share . Q1 earnings per share view $1.21, revenue view $283.1 million -- Thomson Reuters I/B/E/S . Sees FY 2017 revenue $1.15 billion to $1.19 billion . Sees FY 2017 earnings per share $5.10 to $5.50 .FY 2017 earnings per share view $5.39, revenue view $1.21 billion -- Thomson Reuters I/B/E/S.  Full Article

WEX Inc Q3 adjusted non-gaap earnings per share $1.25
Thursday, 27 Oct 2016 06:45am EDT 

Wex Inc : Wex inc. Reports third quarter 2016 financial results . Q3 gaap earnings per share $0.46 . Q3 revenue $287.8 million versus i/b/e/s view $280.1 million . Q3 earnings per share view $1.13 -- Thomson Reuters I/B/E/S . Sees q4 2016 revenue $272 million to $282 million . Sees fy 2016 revenue $1.0 billion to $1.01 billion . Q3 adjusted non-gaap earnings per share $1.25 . Average number of vehicles serviced worldwide was approximately 10.3 million in quarter, an increase of 6% from q3 of 2015 . Wex inc sees q4 of 2016 adjusted net income in range of $52 million to $55 million, or $1.20 to $1.27 per diluted share . Sees $4.53 to $4.60 per diluted share for fy 2016 . Fy2016 earnings per share view $4.33, revenue view $995.9 million -- Thomson Reuters I/B/E/S .Q4 earnings per share view $1.14, revenue view $273.9 million -- Thomson Reuters I/B/E/S.  Full Article

Wex reports Q2 EPS of $0.32
Wednesday, 27 Jul 2016 06:45am EDT 

Wex Inc : Wex Inc reports second quarter 2016 financial results . Q2 average number of vehicles serviced worldwide was approximately 9.6 million, a decrease of 2 pct from Q2 of 2015 . FY 2016 revenue view $930.4 million -- Thomson Reuters I/B/E/S . For Q3 of 2016 adjusted net income in range of $46 million to $49 million, or $1.07 to $1.14 per diluted share . For full year 2016 adjusted net income in range of $171 million to $179 million, or $4.17 to $4.37 per diluted share . Q3 earnings per share view $1.22 -- Thomson Reuters I/B/E/S . FY 2016 earnings per share view $4.29 -- Thomson Reuters I/B/E/S . Q2 adjusted NON-GAAP earnings per share $1.08 . Q2 GAAP earnings per share $0.32 . Q2 revenue $233.9 million versus I/B/E/S view $223.7 million . Q2 earnings per share view $1.02 -- Thomson Reuters I/B/E/S . Sees Q3 2016 revenue $272 million to $282 million . Sees FY 2016 revenue $975 million to $1.0 billion . Says during quarter, fuel prices and foreign currency translations negatively impacted revenue by $13.6 million and $2.2 million, respectively . Says Q2 total fuel transactions processed increased 2 pct from Q2 2015 to 104.9 million .Q3 revenue view $253.7 million -- Thomson Reuters I/B/E/S.  Full Article

Wex says it has sold about $355 million in equity financing
Monday, 18 Jul 2016 02:47pm EDT 

Wex Inc : Says it has sold about $355 million in equity financing - SEC Filing Source - http://bit.ly/29Qchkp Further company coverage: [WEX.N] (Bengaluru Newsroom; +1 646 223 8780).  Full Article

Wex Inc enters into investor rights agreement - SEC filing
Friday, 1 Jul 2016 02:09pm EDT 

Wex Inc : Company entered into a credit agreement - SEC filing . Credit agreement provides for a tranche a term loan facility in an amount equal to $455.0 million that matures on July 1, 2021 . On July 1, 2016, Wex Inc entered into an investor rights agreement - SEC filing . Credit agreement provides for ranche B term loan facility in an amount equal to $1.2 bln that matures on July 1, 2023 . Pursuant to purchase agreement and IRA, co agreed to appoint one individual designated by WP IRA parties to serve on company's board of directors . Credit agreement also provides for $470.0 million revolving credit facility . Credit agreement replaces the existing second amended and restated credit agreement entered into on Aug. 22, 2014 . IRA provides that as long as WP IRA parties hold $200 million of co's stock, co to continue to nominate individual designated by WP for election to board .IRA also restricts transfer of shares of company common stock held by WP IRA parties for one hundred eighty days after effective date of IRA.  Full Article

WEX receives US FTC clearance for Electronic Funds Source acquisition
Friday, 17 Jun 2016 06:45am EDT 

Wex Inc : Wex inc says transaction is expected to close at beginning of third fiscal quarter . Given timing of close, co does not expect transaction will have a material impact on previously issued guidance for remainder of 2016 .Wex inc. Receives u.s. Ftc clearance for electronic funds source llc acquisition.  Full Article

WEX Inc gives Q1, FY 2016 guidance
Monday, 8 Feb 2016 06:25am EST 

WEX Inc:Expects Q1 2016 revenue in range of $190 million to $200 million and adjusted net income in the range of $31 million to $34 million, or $0.80 to $0.88 per diluted share.Expects FY 2016 revenue in the range of $860 million to $890 million and adjusted net income to be in the range of $148 million to $160 million, or $3.80 to $4.10 per diluted share.  Full Article

WEX Inc - U.S. fines Higher One, WEX Bank over 'deceptive' student loan practices - Reuters
Wednesday, 23 Dec 2015 12:11pm EST 

WEX Inc:U.S. banking regulators on Wednesday ordered financial firm Higher One Holdings Inc ONE.N to pay fines and restitution to borrowers over allegedly "deceptive" marketing practices in the disbursement of student loans - RTRS.The Federal Reserve ordered Higher One of New Haven, Connecticut, to pay about $24 million in restitution to about 570,000 students as well as a civil penalty of $2,231,250, the Fed said in a statement - RTRS.The Federal Deposit Insurance Corp, in a parallel case against the institution, also ordered Higher One to pay $2.23 million. - RTRS.The FDIC also brought a related action on Wednesday against WEX Bank WEX.N, which partners with Higher One, and ordered it to pay $1.75 million in fines. - RTRS.The FDIC added that both Higher One and WEX Bank will also collectively pay $31 million in restitution as well to an estimated 900,000 consumers - RTRS.Higher One provides colleges with financial aid disbursement services for students so they can pay for things such as books and living expenses. The FDIC said the product at issue is a debit card that is offered in partnership with banks - RTRS.Regulators said Higher One engaged in a variety of deceptive practices, including omitting information about how students could get their financial aid disbursements without signing up for a Higher One product called OneAccount and not telling students about the product's fees, the Fed said - RTRS.  Full Article

WEX Inc completes acquisition of Benaissance
Wednesday, 18 Nov 2015 04:15pm EST 

WEX Inc:Says completion of its acquisition of Benaissance.Benaissance is now a wholly-owned subsidiary of WEX and will be part of the Evolution1 business unit.  Full Article

WEX Inc announces CFO transition
Thursday, 5 Nov 2015 04:15pm EST 

WEX Inc:Roberto Simon will be appointed chief financial officer, on or about February 26, 2016.Steve Elder, WEX's current chief financial officer, will remain with WEX to assume the newly created position of senior vice president, investor relations.  Full Article

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