The Western Union Company (NYSE:WU) Expected to Earn $0.39 Per Share in Q3 2022


The Western Union Company (NYSE:WU – Get Rating) – Equity researchers William Blair lowered their third-quarter 2022 earnings per share estimates for Western Union shares in a research report released Thursday, August 4. William Blair analyst C. Kennedy now expects the credit service provider to post earnings per share of $0.39 for the quarter, down from its previous estimate of 0.44. $. The consensus estimate of Western Union’s current annual earnings is $1.80 per share. William Blair also released estimates for Western Union Q4 2022 earnings at $0.42 EPS, FY2022 earnings at $1.83 EPS, Q1 2023 earnings at $0.44 EPS, Q2 2023 earnings at 0 $.46 EPS, Q3 2023 earnings at $0.45 EPS, Q4 2023 earnings at $0.45 EPS and FY2023 earnings at $1.80 EPS.

WU has been the subject of a number of other reports. Morgan Stanley cut its target price on Western Union from $15.00 to $14.00 and set an “underweight” rating on the stock in a research report Thursday. UBS Group lowered its target price on Western Union from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday. Wolfe Research downgraded Western Union from a “market performer” rating to an “underperformer” rating and lowered its price target for the stock from $20.00 to $17.00 in a report research on Wednesday, July 20. Northland Securities cut its price target on Western Union from $24.00 to $22.00 in a research report on Thursday. Finally, Citigroup downgraded Western Union from a “buy” rating to a “neutral” rating and set a price target of $20.00 for the company. in a research report on Friday, April 29. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given the stock a buy rating. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $19.23.

Western Union stock up 0.7%

WU opened at $16.37 on Friday. The stock’s fifty-day moving average is $16.76 and its 200-day moving average is $17.78. The company has a market capitalization of $6.32 billion, a PE ratio of 7.34 and a beta of 0.89. The company has a debt ratio of 7.18, a quick ratio of 0.98 and a current ratio of 0.98. Western Union has a one-year minimum of $15.30 and a one-year maximum of $22.93.

Western Union (NYSE:WU – Get Rating) last announced its results on Wednesday, August 3. The credit services provider reported earnings per share of $0.51 for the quarter, beating the consensus estimate of $0.41 by $0.10. Western Union achieved a return on equity of 254.81% and a net margin of 18.27%. In the same quarter a year earlier, the company posted EPS of $0.48.

Western Union announces dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30. Shareholders of record on Friday, September 16 will receive a dividend of $0.235 per share. The ex-dividend date is Thursday, September 15. This represents an annualized dividend of $0.94 and a yield of 5.74%. Western Union’s dividend payout ratio (DPR) is currently 42.15%.

Institutional investors weigh in on Western Union

Hedge funds and other institutional investors have recently changed their positions in the company. National Asset Management Inc. increased its stake in Western Union shares by 5.1% in the first quarter. National Asset Management Inc. now owns 23,893 shares of the credit services provider worth $448,000 after buying 1,158 additional shares in the last quarter. IFM Investors Pty Ltd increased its stake in Western Union shares by 21.4% in the first quarter. IFM Investors Pty Ltd now owns 78,188 shares of the credit services provider valued at $1,465,000 after purchasing an additional 13,797 shares during the period. Xponance Inc. increased its shareholding in Western Union shares to 90.1% during the fourth quarter. Xponance Inc. now owns 58,959 shares of the credit service provider valued at $1,052,000 after purchasing an additional 27,943 shares during the period. Principal Financial Group Inc. increased its equity stake in Western Union by 162.5% during the fourth quarter. Principal Financial Group Inc. now owns 1,429,917 shares of the credit service provider valued at $25,510,000 after purchasing an additional 885,273 shares during the period. Finally, the Oregon Public Employees Retirement Fund increased its stake in Western Union shares by 103.8% in the 4th quarter. The Oregon Public Employees Retirement Fund now owns 254,309 shares of the credit service provider worth $4,537,000 after acquiring an additional 129,500 shares in the last quarter. 97.43% of the shares are currently held by institutional investors and hedge funds.

Western Union Company Profile

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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.

See also

Earnings history and estimates for Western Union (NYSE:WU)



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