Wall Street analysts predict The Western Union Company (NYSE: WU) will post sales of $ 1.3 billion for the current fiscal quarter, according to Zacks Investment Research. Five analysts have released earnings estimates for Western Union, with the highest sales estimate at $ 1.31 billion and the lowest estimate at $ 1.28 billion. Western Union reported $ 1.27 billion in revenue in the same quarter last year, indicating a positive year-over-year growth rate of 2.4%. The company is expected to release its next quarterly earnings report on Wednesday, February 9.
According to Zacks, analysts expect Western Union to have annual revenue of $ 5.08 billion for the current fiscal year, with estimates ranging from $ 5.06 billion to 5.10 billion. of dollars. For the next fiscal year, analysts expect the company to report revenue of $ 5.23 billion, with estimates ranging from $ 5.00 to $ 5.39 billion. Zacks sales averages are an average based on a survey of research companies that follow Western Union.
Western Union (NYSE: WU) last reported its quarterly results on Monday, November 1. The credit service provider reported $ 0.63 of EPS for the quarter, beating the consensus estimate of $ 0.58 by $ 0.05. The company posted revenue of $ 1.29 billion for the quarter, compared to a consensus estimate of $ 1.31 billion. Western Union recorded a return on equity of 311.01% and a net margin of 16.10%. In the same quarter of last year, the company posted earnings per share of $ 0.57.
WU has been the subject of several analyst reports. Royal Bank of Canada reduced its price target on Western Union from $ 27.00 to $ 23.00 and established a “sector performance” rating for the company in a research report released on Wednesday, November 3. Deutsche Bank Aktiengesellschaft lowered its price target on Western Union from $ 25 to $ 18.00 and set a “hold” rating on the stock in a research note on Wednesday, November 3. Susquehanna lowered her price target on Western Union from $ 23.00 to $ 21.00 and set the stock “neutral” rating in a research note on Wednesday, November 3. Credit Suisse Group lowered its price target on Western Union from $ 23.00 to $ 19.00 and set an “underperformance” rating on the stock in a report released on Wednesday, November 3. Finally, Bank of America downgraded Western Union from a “buy” rating to an “underperformance” rating and lowered its price target for the share from $ 25.00 to $ 20.00 in a research report Thursday. Four research analysts rated the stock with a sell rating, seven issued a conservation rating, and two issued a buy rating for the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $ 22.50.
NYSE WU shares opened at $ 19.01 on Monday. The company has a fifty-day moving average of $ 17.71 and a two hundred-day moving average of $ 20.30. 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 low of $ 15.69 and a 52 week high of $ 26.61. The stock has a market cap of $ 7.64 billion, a PE ratio of 9.60 and a beta of 0.95.
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. This represents an annualized dividend of $ 0.94 and a return of 4.94%. The ex-dividend date of this dividend was Thursday, December 16. Western Union’s payout rate is 47.47%.
Institutional investors and hedge funds have recently increased or reduced their holdings in the stock. BlackRock Inc. strengthened its position in Western Union shares by 0.6% in the second 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. Capital Research Global Investors increased its stake in Western Union shares by 7.0% in the 3rd quarter. Capital Research Global Investors now owns 22,532,152 shares of the credit services provider valued at $ 455,600,000 after purchasing an additional 1,467,320 shares in the last quarter. State Street Corp increased its stake in Western Union by 0.9% during the 2nd quarter. State Street Corp now owns 20,918,433 shares of the credit service provider valued at $ 480,496,000 after acquiring an additional 181,718 shares in the last quarter. Independent Franchise Partners LLP increased its stake in Western Union by 0.3% during the 2nd quarter. Independent Franchise Partners LLP now owns 20,202,694 shares of the credit service provider valued at $ 464,055,000 after acquiring an additional 51,729 shares during the last quarter. Finally, Bank of New York Mellon Corp strengthened its position in Western Union by 9.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 9,908,400 shares of the credit service provider valued at $ 200,348,000 after purchasing an additional 820,330 shares in the last quarter. Hedge funds and other institutional investors hold 98.27% of the company’s shares.
About Western Union
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.
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