The Western Union Company (NYSE:WU) Expected to Post Fiscal 2022 Earnings of $1.80 Per Share

The Western Union Company (NYSE:WU – Get Rating) – William Blair analysts cut their fiscal 2022 earnings estimates for Western Union shares in a note to investors on Tuesday, November 1. William Blair analyst C. Kennedy now expects the credit services provider to earn $1.80 per share for the year, down from its previous estimate of $1.83. 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 $0.35 EPS, Q1 2023 earnings at $0.39 EPS and Q3 2023 earnings at $0.39 EPS.

Western Union (NYSE:WU – Get Rating) last released its results on Wednesday, August 3. The credit services provider reported EPS of $0.51 for the quarter, beating the consensus estimate of $0.41 by $0.10. The company posted revenue of $1.14 billion in the quarter, versus $1.14 billion for analysts. Western Union had a net margin of 18.27% and a return on equity of 239.89%. In the same quarter of the previous year, the company achieved EPS of $0.48.

WU has been the subject of several other reports. Susquehanna lowered its price target on Western Union shares from $18.00 to $15.00 and set a “neutral” rating for the company in a Friday, Oct. 21 report. Goldman Sachs Group lowered its price target on Western Union shares from $18.00 to $15.50 and set a “sell” rating for the company in a Monday, Aug. 8 report. Barclays lowered its price target on Western Union shares from $17.00 to $12.00 and set an “underweight” rating for the company in a Monday, September 26 report. Northland Securities reduced its target price on Western Union shares from $24.00 to $22.00 in a Thursday, Aug. 4, research note. Finally, Truist Financial cut its price target on Western Union shares from $15.00 to $13.00 and set a “holding” rating for the company in a Friday, October 21 research note. Eight equity research analysts gave the stock a sell rating, seven gave the company a hold rating and one gave the company a buy rating. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $14.94.

Western Union trades down 4.3%

Western Union stock opened at $13.04 on Thursday. The company has a 50-day simple moving average of $14.15 and a 200-day simple moving average of $16.02. The company has a debt ratio of 6.01, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $5.03 billion, a PE ratio of 6.18 and a beta of 0.87. Western Union has a 12-month low of $12.87 and a 12-month high of $20.40.

Institutional investors weigh in on Western Union

Hedge funds and other institutional investors have recently increased or reduced their stakes in the stock. Allspring Global Investments Holdings LLC increased its stake in Western Union shares by 13,546.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,401,454 shares of the credit services provider worth $32,419,000 after buying 2,383,856 additional shares in the last quarter. AQR Capital Management LLC increased its holding in Western Union shares by 142.5% during the 2nd quarter. AQR Capital Management LLC now owns 2,908,148 shares of the credit service provider worth $47,432,000 after purchasing an additional 1,708,759 shares in the last quarter. BlackRock Inc. increased its stake in Western Union shares by 2.8% during the 1st quarter. BlackRock Inc. now owns 62,381,077 shares of the credit service provider worth $1,169,021,000 after purchasing an additional 1,678,722 shares in the last quarter. State Street Corp increased its stake in Western Union shares by 10.4% during the 1st quarter. State Street Corp now owns 16,856,481 shares of the credit service provider worth $315,890,000 after buying an additional 1,592,331 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Western Union in the 1st quarter with a value of $26,384,000. Hedge funds and other institutional investors hold 97.38% of the company’s shares.

About Western Union

(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.

Featured articles

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

This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Before you consider Western Union, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes hold…and Western Union wasn’t on the list.

While Western Union currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here