Wright Express Up 16.5%, Hits 52-Week High (WXS)

Shares of Wright Express Corporation WXS are trading up 16.5% at $44.94 per share during the Thursday afternoon trading session. The day's trading range for shares of Wright Express Corporation has been between $40.86 and a 52 week-high of $45.99 per share. Analysts covering the company's stock give it a consensus price target of $37.80 per share. Volume of 634,000 shares is already more than triple the daily average volume of 194,000 shares. Wright Express Corporation (WXS) announced on Thursday morning that it beat consensus Wall Street expectations. Wright Express Corporation announced 3rd quarter adjusted earnings per share of 72 cents, on revenue of $100.2 million. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 68 cents per share, on revenue of $94.15 million. Chairman and CEO Michael Dubyak said, “We experienced further momentum during the third quarter, exceeding both our top- and bottom-line guidance. We made strides in advancing our long-term strategy to expand our presence abroad. Late in the third quarter, we closed the acquisition of Retail Decisions' Australian fuel and prepaid card businesses, which allows us to extend our international presence and create a new platform for growth outside of fuel cards. We also began processing commercial fuel card transactions for BP International in New Zealand in September. These important steps in our international strategy, combined with strength in MasterCard and improving results in Fleet, provide us with multiple avenues for continued growth.” Read more from Benzinga's Company news.