Wall Street brokers expect The Western Union Company (NYSE:WU – Get Rating) to post earnings per share (EPS) of $0.41 for the current fiscal quarter, according to Zacks. Six analysts made estimates for Western Union’s earnings, with the highest EPS estimate of $0.45 and the lowest estimate of $0.40. Western Union reported earnings per share of $0.48 in the same quarter last year, which would indicate a negative 14.6% year-over-year growth rate. The company is due to announce its next quarterly results on Monday, January 1.
According to Zacks, analysts expect Western Union to report annual earnings of $1.80 per share for the current fiscal year, with EPS estimates ranging from $1.76 to $1.85. For the next fiscal year, analysts expect the company to post earnings of $1.95 per share, with EPS estimates ranging from $1.85 to $2.00. Zacks EPS calculations are an average average based on a survey of analysts who follow Western Union.
Western Union (NYSE:WU – Get Rating) last reported quarterly earnings data on Thursday, April 28. The credit services provider reported earnings per share of $0.51 for the quarter, beating consensus analyst estimates of $0.43 by $0.08. Western Union had a return on equity of 269.10% and a net margin of 18.29%. The company posted revenue of $1.16 billion for the quarter, compared to analysts’ estimates of $1.16 billion. In the same quarter of the previous year, the company achieved EPS of $0.44. The company’s revenue for the quarter decreased 4.5% compared to the same quarter last year.
WU has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered its price target on Western Union shares from $20.00 to $19.00 in a Friday, April 29 research report. Citigroup downgraded Western Union shares from a “buy” rating to a “neutral” rating and set a target price of $20.00 for the stock. in a research report on Friday, April 29. 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 report. Morgan Stanley reaffirmed a “sell” rating and issued a target price of $15.50 on Western Union shares in a Friday, March 11 report. Finally, UBS Group assumed coverage of Western Union shares in a Thursday, March 31 report. They issued a “neutral” rating and a target price of $19.00 for the company. Three analysts have assigned the stock a sell rating, ten have issued a hold rating and one has assigned the company’s stock a buy rating. According to MarketBeat, Western Union has an average rating of “Hold” and an average price target of $20.12.
WU opened at $16.68 on Wednesday. The company has a 50-day simple moving average of $18.31 and a 200-day simple moving average of $18.23. The stock has a market capitalization of $6.44 billion, a P/E ratio of 7.35 and a beta of 0.92. 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 12-month low of $15.69 and a 12-month high of $25.94.
Western Union announced that its board of directors launched a stock repurchase program on Thursday, Feb. 10 that sees the company repurchase $1.00 billion in outstanding stock. This repurchase authorization allows the credit service provider to repurchase up to 13.5% of its shares through purchases on the open market. Share repurchase programs usually indicate that the company’s board of directors believe its shares are undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 31. Shareholders of record on Thursday, March 17 received a dividend of $0.235 per share. The ex-dividend date was Wednesday, March 16. This represents a dividend of $0.94 on an annualized basis and a dividend yield of 5.64%. Western Union’s dividend payout ratio (DPR) is 41.41%.
Hedge funds and other institutional investors have recently changed their positions in the stock. Denali Advisors LLC acquired a new position in Western Union stock in Q4 worth $25,000. CWM LLC acquired a new position in Western Union stock in Q4 worth $30,000. Riverview Trust Co increased its equity stake in Western Union to 99.7% in Q1. Riverview Trust Co now owns 2,047 shares of the credit service provider valued at $38,000 after buying an additional 1,022 shares in the last quarter. Spire Wealth Management acquired a new position in Western Union stock in Q4 worth $42,000. Finally, Carroll Financial Associates Inc. increased its stake in Western Union shares by 3,208.6% in the 4th quarter. Carroll Financial Associates Inc. now owns 2,680 shares of the credit service provider valued at $47,000 after buying 2,599 additional shares in the last quarter. Hedge funds and other institutional investors own 97.43% of the company’s shares.
Western Union Company Profile (Get an assessment)
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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