Third Quarter 2022 Earnings Estimate for The Western Union Company (NYSE:WU) Released by William Blair

The Western Union Company (NYSE:WU – Get Rating) – Equity analysts William Blair cut their third-quarter 2022 EPS estimates for Western Union shares in a research note released to investors Thursday, August 4. William Blair analyst C. Kennedy now expects the credit services provider to earn $0.39 per share 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.

Western Union (NYSE:WU – Get Rating) last released its quarterly results on Wednesday, August 3. The credit services provider reported EPS of $0.51 for the quarter, beating consensus analyst estimates of $0.41 by $0.10. Western Union had a net margin of 18.29% and a return on equity of 269.10%. In the same quarter of the previous year, the company achieved EPS of $0.48.

A number of other stock analysts have also recently released reports on the company. UBS Group cut its price target on Western Union from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday. TheStreet downgraded Western Union shares from a “b-” to a “c+” rating in a Tuesday, July 12 research note. Northland Securities cut its price target on Western Union shares from $24.00 to $22.00 in a research note on Thursday. Morgan Stanley cut its price target on Western Union shares from $15.00 to $14.00 and set an “underweight” rating on the stock in a research report Thursday. Finally, Citigroup downgraded Western Union from a “buy” rating to a “neutral” rating and set a target price of $20.00 for the company. in a research report on Friday, April 29. Five analysts have assigned the stock a sell rating, eight have issued a hold rating and one has assigned the company’s stock a buy rating. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $19.23.

Western Union shares down 5.6%

A d Legacy search

“No historical crash happens, what is NEXT is much worse…” (PhD student economist)

President Biden’s new executive order…alongside MIT, 77 world governments, the Gates Foundation, UNICEF and the Clinton Development Initiative…triggered a historic $40 trillion transfer from wealth from the middle class to the rich?

Western Union shares opened at $16.25 on Friday. The company has a market capitalization of $6.27 billion, a price-earnings ratio of 7.16 and a beta of 0.89. The stock’s 50-day moving average is $16.79 and its 200-day moving average is $17.79. 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 one-year minimum of $15.30 and a one-year maximum of $22.93.

Western Union Institutional Trade

Institutional investors have recently changed their positions in the company. Field & Main Bank bought a new stake in Western Union stock during the second quarter worth about $25,000. NuWave Investment Management LLC bought a new position in Western Union in Q2 worth $29,000. CWM LLC purchased a new equity stake in Western Union during Q4 for $30,000. Ellevest Inc. increased its stake in Western Union shares by 148.6% during the 2nd quarter. Ellevest Inc. now owns 1,932 shares of the credit service provider worth $32,000 after purchasing an additional 1,155 shares during the period. Finally, Riverview Trust Co increased its holding in Western Union shares to 99.7% in the 1st quarter. Riverview Trust Co now owns 2,047 shares of the credit service provider worth $38,000 after buying an additional 1,022 shares in the last quarter. Institutional investors hold 97.43% of the company’s shares.

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. This represents a dividend of $0.94 on an annualized basis and a yield of 5.78%. The ex-dividend date is Thursday, September 15. Western Union’s dividend payout ratio is 41.41%.

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.

Read more

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

This instant 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]

Should you invest $1,000 in Western Union right now?

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

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily 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 5 actions here