WEX Inc (NYSE:WEX)

$ 189.8 3.86 (2.08%) Market Cap: 7.55 Bil Enterprise Value: 7.87 Bil PE Ratio: 24.09 PB Ratio: 4.50 GF Score: 89/100

WEX Inc at Barclays Emerging Payments Forum Transcript

May 21, 2019 / 01:45PM GMT

Release Date Price: $204.8 (+1.68%)

Transcript

Unidentified Analyst

Okay. I think we're going to get started. We have a fireside chat with Steve Elder, Head of Investor Relations at WEX. Steve, thanks so much for joining us today.

Steven Alan Elder

WEX Inc. - SVP of Global IR

Thank you. My pleasure.

Unidentified Analyst

Maybe just to level set, we'll kick it off with maybe having you briefly go over the primary segments in the company and sort of maybe the expected kind of growth contribution along those lines. If you just kick it off, that'd be great.

Steven Alan Elder

WEX Inc. - SVP of Global IR

Sure. We -- I'll start at the high level with the growth. So from an overall company perspective, our long-term growth targets are 10% to 15% and for revenue and 15% to 20% for earnings. And if you kind of break it down into the 3 segments that we operate in, the Fleet segment is our primary business. It's about 2/3 of the total company, just slightly less than that now. That segment we set at a long-term growth rate of between 8% and

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