William Blair Equities analysts cut earnings estimates for The Western Union Company (NYSE:WU)

The Western Union Company (NYSE:WU – Get Rating) – William Blair analysts cut their first-quarter 2023 earnings estimates for Western Union in a note to investors Thursday, October 20. William Blair analyst C. Kennedy now expects the credit services provider to post earnings of $0.40 per share for the quarter, down from its previous forecast of 0.44. $. The consensus estimate of Western Union’s current annual earnings is $1.81 per share. William Blair also released estimates for Western Union Q2 2023 earnings at $0.39 EPS, Q3 2023 earnings at $0.40 EPS, Q4 2023 earnings at $0.41 EPS and fiscal year 2023 at $1.59 EPS.

Other equity research analysts have also recently released reports on the stock. Goldman Sachs Group lowered its price target on Western Union shares from $18.00 to $15.50 and placed a “sell” rating on the stock in a research report Monday, August 8. Northland Securities reduced its price target on Western Union from $24.00 to $22.00 in a Thursday, August 4, research note. 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. Credit Suisse Group lowered its price target on Western Union from $16.00 to $14.00 and gave the stock an “underperform” rating in a report on Friday. Finally, UBS Group lowered its price target on Western Union from $19.00 to $18.00 and set a “neutral” rating for the company in a Thursday, August 4 research note. Six equity research analysts gave the stock a sell rating, eight gave the company a hold rating and one gave the company a buy rating. Based on MarketBeat data, Western Union currently has an average rating of “Hold” and an average target price of $15.69.

Western Union stock up 0.7%

NYSE:WU shares opened at $13.53 on Monday. Western Union has a fifty-two week minimum of $13.06 and a fifty-two week maximum of $20.40. The company’s 50-day moving average price is $14.55 and its 200-day moving average price is $16.29. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt ratio of 6.01. The stock has a market capitalization of $5.22 billion, a price-earnings ratio of 6.07 and a beta of 0.90.

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

Institutional entries and exits

Institutional investors have recently changed their stock portfolios. FCF Advisors LLC increased its stake in Western Union shares by 2.7% in the 1st quarter. FCF Advisors LLC now owns 25,304 shares of the credit service provider valued at $474,000 after purchasing an additional 661 shares during the period. Parallel Advisors LLC increased its position in Western Union shares by 17.1% during the second quarter. Parallel Advisors LLC now owns 4,544 shares of the credit services provider worth $75,000 after buying 662 additional shares in the last quarter. Oxbow Advisors LLC increased its holding in Western Union shares by 0.4% during the 1st quarter. Oxbow Advisors LLC now owns 188,768 shares of the credit service provider worth $3,538,000 after purchasing an additional 686 shares during the period. The Texas Permanent School Fund increased its holdings of Western Union shares by 0.3% in Q2. Texas Permanent School Fund now owns 279,924 shares of the credit service provider valued at $4,610,000 after buying 738 additional shares last quarter. Finally, NuWave Investment Management LLC increased its stake in Western Union shares by 49.8% in the third quarter. NuWave Investment Management LLC now owns 2,608 shares of the credit service provider valued at $35,000 after purchasing an additional 867 shares during the period. Institutional investors and hedge funds own 97.38% of the company’s shares.

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.

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

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