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Wex Inc

WEX Inc. is a public company traded on the New York Stock Exchange under the ticker symbol WEX. Here are some key points about the company's business, financials, and growth prospects:

Business Description:

WEX is a provider of financial technology solutions, including payment processing and fleet management services. They work with thousands of customers in various industries, including fleet, corporate payments, and healthcare. Their payment processing solutions help clients manage their payment operations, and their fleet management solutions help companies manage their vehicle fleets.

Financial Highlights:

As of February 2023, WEX had a market capitalization of approximately $7.2 billion. In 2022, the company's revenue was $1.53 billion, up 14% from the previous year. Net income for 2022 was $277 million, up 21% year over year.

Growth Prospects:

WEX has recently made several strategic acquisitions to expand its portfolio of services, such as buying Novation Companies, which provides healthcare financial services. The company continues to invest in research and development to enhance its digital platforms and provide innovative solutions to its customers.

Some notable analyst estimates for WEX's future growth include:

* Revenue growth: For 2023, analysts estimate revenue growth of 14.5% year over year, with a five-year annual growth rate of 15%.

* Earnings per share (EPS): Analysts estimate that WEX's EPS will grow by 22.5% in 2023 and by 17.5% annually for the next five years.

The company currently pays a quarterly dividend of $0.27 per share, with a dividend yield of approximately 0.47%.

It is crucial to note that financial estimates and growth prospects are subject to change based on various factors such as the state of the economy, industry trends, and competition, Additionally, analyst predictions may differ, and specific analysts may have different expectations.