Wall Street analysts expect The Western Union Company (NYSE: WU) to post earnings per share (EPS) of $ 0.53 for the current quarter, Zacks reports. Five analysts have made estimates for Western Union’s earnings. The lowest EPS estimate is $ 0.51 and the highest is $ 0.54. Western Union posted earnings of $ 0.45 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 17.8%. The company is expected to announce its next quarterly results on Wednesday, February 9.
According to Zacks, analysts expect Western Union to report annual earnings of $ 2.08 per share for the current fiscal year, with EPS estimates ranging from $ 2.06 to $ 2.09. For the next fiscal year, analysts predict the company will post earnings of $ 2.25 per share, with EPS estimates ranging from $ 2.15 to $ 2.33. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts who cover Western Union.
Western Union (NYSE: WU) last released its quarterly earnings data on Monday, November 1. The credit services provider reported earnings per share (EPS) of $ 0.63 for the quarter, beating Zacks’ consensus estimate of $ 0.58 by $ 0.05. Western Union recorded a return on equity of 311.01% and a net margin of 16.10%. The company posted revenue of $ 1.29 billion in the quarter, compared to a consensus estimate of $ 1.31 billion. During the same period last year, the company made a profit of $ 0.57 per share.
A number of equity research analysts have weighed on WU stocks. Susquehanna lowered its price target on Western Union from $ 23.00 to $ 21.00 and established a “neutral” rating for the company in a report released on Wednesday, November 3. Bank of America downgraded Western Union from a “buy” rating to an “underperformance” rating and lowered its target price for the stock from $ 25.00 to $ 20.00 in a report released Thursday . BTIG Research downgraded Western Union from a “buy” rating to a “neutral” rating in a report released on Wednesday, October 20. Northland Securities lowered its price target on Western Union from $ 32.00 to $ 25.00 and set an “outperformance” rating for the company in a report released on Wednesday, November 3. Finally, Citigroup downgraded Western Union from a “neutral” rating to a “buy” rating and set a price target of $ 27.00 for the company in a report released on Monday, September 27. Four analysts gave the stock a sell rating, seven assigned a conservation rating and three gave the company’s stock a buy rating. Based on data from MarketBeat.com, Western Union has an average “Hold” rating and a consensus price target of $ 22.50.
Hedge funds and other institutional investors have recently changed their holdings in the company. Caisse DE Dépôt ET Placement DU Québec increased its stake in Western Union shares by 289.2% during the second quarter. Caisse DE Dépôt ET Placement DU Québec now owns 369,449 shares of the credit service provider valued at $ 8,486,000 after purchasing an additional 274,532 shares during the period. Calamos Advisors LLC increased its stake in Western Union shares by 9.7% during the 3rd quarter. Calamos Advisors LLC now owns 352,018 shares of the credit service provider valued at $ 7,118,000 after purchasing an additional 31,061 shares during the period. BlackRock Inc. increased its stake in Western Union shares by 0.6% during the 2nd quarter. BlackRock Inc. now owns 51,872,736 shares of the credit service provider valued at $ 1,191,516,000 after purchasing an additional 298,893 shares during the period. Bridgewater Associates LP purchased a new equity stake in Western Union during the second quarter valued at $ 1,566,000. Finally, Wells Fargo & Company MN increased its stake in Western Union by 286.0% during the 2nd quarter. Wells Fargo & Company MN now owns 2,419,917 shares of the credit services provider valued at $ 55,585,000 after purchasing an additional 1,792,934 shares during the period. 98.27% of the shares are currently held by hedge funds and other institutional investors.
WU shares opened at $ 19.01 on Friday. The company has a market cap of $ 7.64 billion, a P / E ratio of 9.60 and a beta of 0.95. The stock has a 50-day simple moving average of $ 17.71 and a 200-day simple moving average of $ 20.34. The company has a leverage ratio of 7.74, a rapid ratio of 0.93, and a current ratio of 0.93. Western Union has a 52 week minimum of $ 15.69 and a 52 week maximum of $ 26.61.
The company also recently declared a quarterly dividend, which was paid on Friday, December 31. Shareholders of record on Friday, December 17 received a dividend of $ 0.235 per share. The ex-dividend date of this dividend was Thursday, December 16. This represents a dividend of $ 0.94 on an annualized basis and a dividend yield of 4.94%. Western Union’s dividend payout ratio is currently 47.47%.
Western Union Company Profile
The Western Union Co is a holding company providing money transfer and payment services. It operates through the following segments: consumer to consumer; Business solutions; and other. The consumer-to-consumer segment facilitates money transfers between two consumers. The Business Solutions segment offers payment and currency solutions, cross-border and inter-currency transactions, for small and medium-sized businesses and other organizations and individuals.
Further reading: Example of operating profit, EBIT and EBITDA
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