Stock analysts expect The Western Union Company (NYSE: WU) to post earnings per share (EPS) of $ 0.53 for the current quarter, Zacks Investment Research reports. Five analysts have released earnings estimates for Western Union. The highest EPS estimate is $ 0.54 and the lowest is $ 0.51. Western Union posted earnings of $ 0.45 per share in the same quarter last year, indicating a positive growth rate of 17.8% year-over-year. The company is expected to announce its next earnings report on Wednesday, February 9.
According to Zacks, analysts expect Western Union to report annual earnings of $ 2.08 per share for the current fiscal year, with EPS estimates ranging from $ 2.06 to $ 2.09. For next year, analysts predict the company will post earnings of $ 2.25 per share, with EPS estimates ranging from $ 2.15 to $ 2.33. Zacks Investment Research earnings per share averages are an average based on a survey of research companies that cover Western Union.
Western Union (NYSE: WU) last reported its quarterly results on Monday, November 1. The credit services provider reported earnings per share (EPS) of $ 0.63 for the quarter, beating Zacks’ consensus estimate of $ 0.58 by $ 0.05. The company posted revenue of $ 1.29 billion in the quarter, compared to a consensus estimate of $ 1.31 billion. Western Union recorded a return on equity of 311.01% and a net margin of 16.10%. During the same period of the previous year, the company made EPS of $ 0.57.
Several analysts commented on the company. Northland Securities reduced its price target on Western Union from $ 32.00 to $ 25.00 and established an “outperformance” rating for the company in a research note on Wednesday, November 3. Credit Suisse Group lowered its price target on Western Union from $ 23.00 to $ 19.00 and set an “underperformance” rating on the stock in a research report released on Wednesday, November 3. Royal Bank of Canada lowered its price target on Western Union from $ 27.00 to $ 23.00 and established a “sector performance” rating for the stock in a research report released on Wednesday, November 3. BTIG Research reduced Western Union from a “buy” rating to a “neutral” rating in a research report released on Wednesday, October 20. Finally, Deutsche Bank Aktiengesellschaft lowered its price target on Western Union from $ 25.00 to $ 18.00 and set a “hold” rating on the stock in a research report published on Wednesday, November 3. Three analysts gave the stock a sell rating, seven assigned a conservation rating, and three gave the company a buy rating. According to MarketBeat, Western Union currently has a consensus rating of “Hold” and a consensus target price of $ 22.73.
Several institutional investors have recently changed their positions in WU. Burney Co. increased its stake in Western Union by 2.0% in the second quarter. Burney Co. now owns 23,172 shares of the credit service provider valued at $ 532,000 after purchasing an additional 456 shares in the last quarter. O Shares Investment Advisers LLC increased its stake in Western Union by 2.5% in the second quarter. O Shares Investment Advisers LLC now owns 19,632 shares of the credit service provider valued at $ 451,000 after purchasing an additional 480 shares in the last quarter. DNB Asset Management AS increased its stake in Western Union by 0.5% in the third quarter. DNB Asset Management AS now owns 96,076 shares of the credit service provider valued at $ 1,943,000 after purchasing an additional 519 shares in the last quarter. Meeder Asset Management Inc. increased its stake in Western Union by 2.4% in the second quarter. Meeder Asset Management Inc. now owns 23,260 shares of the credit service provider valued at $ 534,000 after purchasing an additional 546 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in Western Union by 0.5% in the second quarter. Nomura Asset Management Co. Ltd. Now owns 105,975 shares of the credit service provider valued at $ 2,434,000 after purchasing an additional 559 shares in the last quarter. Institutional investors hold 98.27% of the shares of the company.
Western Union shares traded at $ 1.11 on Friday, rising to $ 17.38. The stock had a trade volume of 81,609,914 shares, compared to its average volume of 5,017,939. Western Union has a 52-week low of $ 15.69 and a 52-week high of $ 26.61. The company has a current ratio of 0.93, a quick ratio of 0.93, and a debt ratio of 7.74. The stock has a market cap of $ 6.99 billion, a price-to-earnings ratio of 8.78 and a beta of 0.92. The company’s 50-day mobile average price is $ 18.26, and its 200-day mobile average price is $ 21.01.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 31. Investors of record on Friday, December 17 will receive a dividend of $ 0.235. The ex-date of this dividend is Thursday, December 16. This represents an annualized dividend of $ 0.94 and a return of 5.41%. Western Union’s dividend payout ratio is currently 47.47%.
About Western Union
The Western Union Co is a holding company providing money transfer and payment services. It operates through the following segments: consumer to consumer; Business solutions; and other. The consumer-to-consumer segment facilitates money transfers between two consumers. The Business Solutions segment offers payment and currency solutions, cross-border and inter-currency transactions, for small and medium-sized businesses and other organizations and individuals.
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