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%
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
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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.
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