Stock analysts expect The Western Union Company (NYSE:WU – Get Rating) to report sales of $1.14 billion in the current fiscal quarter, according to Zacks Investment Research. Six analysts provided earnings estimates for Western Union, with estimates ranging from $1.07 billion to $1.18 billion. Western Union posted sales of $1.29 billion in the same quarter last year, suggesting a negative growth rate of 11.6% year over year. The company is expected to release its next earnings report on Monday, January 1.
On average, analysts expect Western Union to report annual sales of $4.56 billion for the current fiscal year, with estimates ranging from $4.52 billion to $4.60 billion. For the next fiscal year, analysts expect the company to record sales of $4.56 billion, with estimates ranging from $4.48 billion to $4.60 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that provide coverage for Western Union.
Western Union (NYSE:WU – Get Rating) last released its results on Thursday, April 28. The credit services provider reported EPS of $0.51 for the quarter, beating consensus analyst estimates of $0.43 by $0.08. The company posted revenue of $1.16 billion for the quarter, versus a consensus estimate of $1.16 billion. Western Union had a net margin of 18.29% and a return on equity of 269.10%. The company’s revenue was down 4.5% year over year. During the same period last year, the company posted EPS of $0.44.
A number of analysts have weighed in on WU shares recently. Wolfe Research reiterated a “hold” rating and set a $21.00 price target on Western Union shares in a Friday, March 25 research note. Citigroup cut Western Union shares from a “buy” rating to a “neutral” rating and set a price target of $20.00 for the company. in a research note from Friday, April 29. JPMorgan Chase & Co. cut its target price on Western Union shares from $20.00 to $19.00 in a Friday, April 29 research note. Zacks Investment Research upgraded Western Union shares from a “sell” rating to a “hold” rating and set a target price of $20.00 for the company in a Thursday, April 14 research note. Finally, StockNews.com began covering Western Union stocks in a research note on Thursday, March 31. They issued a “holding” rating for the company. Three research analysts gave the stock a sell rating, ten gave the stock a hold rating and one gave the stock a buy rating. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $20.12.
NYSE:WU shares opened at $16.66 on Friday. The stock has a market capitalization of $6.43 billion, a P/E ratio of 7.34 and a beta of 0.92. The company has a fifty-day moving average price of $18.26 and a 200-day moving average price of $18.20. The company has a debt ratio of 7.18, a current ratio of 0.98 and a quick ratio of 0.98. Western Union has a 1-year low of $15.69 and a 1-year high of $25.34.
Western Union announced that its board of directors authorized a stock repurchase plan on Thursday, Feb. 10 that sees the company repurchase $1.00 billion in stock. This repurchase authorization allows the credit service provider to repurchase up to 13.5% of its shares through purchases on the open market. Stock buyback plans are usually a sign that a company’s management believes its stock is undervalued.
Hedge funds have recently changed their equity holdings. LSV Asset Management increased its stake in Western Union shares by 5.5% in the 1st quarter. LSV Asset Management now owns 8,028,118 shares of the credit service provider valued at $150,447,000 after purchasing an additional 415,377 shares last quarter. Yousif Capital Management LLC increased its stake in Western Union by 2.6% in the 1st quarter. Yousif Capital Management LLC now owns 226,033 shares of the credit service provider valued at $4,236,000 after purchasing an additional 5,655 shares during the period. Great West Life Assurance Co. Can increased its position in Western Union shares by 5.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 1,699,838 shares of the credit service provider valued at $33,614,000 after acquiring an additional 80,826 shares during the period. Shelton Capital Management acquired a new position in Western Union stock during Q1 worth $411,000. Finally, BlackRock Inc. increased its stake in Western Union by 2.8% in the 1st quarter. BlackRock Inc. now owns 62,381,077 shares of the credit services provider worth $1,169,021,000 after purchasing an additional 1,678,722 shares in the last quarter. 97.43% of the shares are held by hedge funds and other institutional investors.
About Western Union (Get a rating)
The Western Union Company provides money transfer and payment services worldwide. The Company operates in two segments, Consumer-to-Consumer and Business Solutions. The Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents and sub-agents; and offers international cross-border transfers and intra-country transfers, as well as money transfer transactions via websites and mobile devices.
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