Equities analysts expect The Western Union Company (NYSE:WU) to announce sales of $1.43 billion for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for The Western Union’s earnings, with the highest sales estimate coming in at $1.47 billion and the lowest estimate coming in at $1.41 billion. The Western Union reported sales of $1.40 billion during the same quarter last year, which suggests a positive year over year growth rate of 2.1%. The company is expected to issue its next earnings results on Thursday, November 1st.
According to Zacks, analysts expect that The Western Union will report full-year sales of $5.69 billion for the current financial year, with estimates ranging from $5.62 billion to $5.78 billion. For the next financial year, analysts anticipate that the business will post sales of $5.85 billion per share, with estimates ranging from $5.74 billion to $5.98 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow The Western Union.
The Western Union (NYSE:WU) last released its quarterly earnings results on Thursday, August 2nd. The credit services provider reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). The Western Union had a negative return on equity of 560.31% and a negative net margin of 8.05%. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the business posted $0.50 EPS. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year.
A number of analysts have recently weighed in on the stock. Wolfe Research assumed coverage on shares of The Western Union in a research report on Tuesday, July 17th. They set an “underperform” rating for the company. Zacks Investment Research raised shares of The Western Union from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Saturday, July 7th. Royal Bank of Canada reissued a “hold” rating and set a $21.00 price target on shares of The Western Union in a research report on Friday, August 3rd. Finally, ValuEngine downgraded shares of The Western Union from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. Five research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. The stock has an average rating of “Hold” and an average target price of $18.93.
In other The Western Union news, EVP Richard L. Williams sold 20,207 shares of The Western Union stock in a transaction on Tuesday, July 3rd. The shares were sold at an average price of $20.50, for a total value of $414,243.50. Following the completion of the transaction, the executive vice president now owns 100,582 shares of the company’s stock, valued at $2,061,931. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Sheri Rhodes sold 4,417 shares of The Western Union stock in a transaction on Monday, June 25th. The stock was sold at an average price of $21.00, for a total transaction of $92,757.00. Following the completion of the transaction, the executive vice president now directly owns 55,824 shares of the company’s stock, valued at approximately $1,172,304. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in WU. BlackRock Inc. boosted its holdings in The Western Union by 34.9% in the first quarter. BlackRock Inc. now owns 40,821,351 shares of the credit services provider’s stock worth $784,995,000 after purchasing an additional 10,568,831 shares during the period. Boston Partners acquired a new position in shares of The Western Union during the first quarter worth approximately $131,161,000. Jupiter Asset Management Ltd. lifted its holdings in shares of The Western Union by 211.4% during the second quarter. Jupiter Asset Management Ltd. now owns 6,422,000 shares of the credit services provider’s stock worth $130,559,000 after buying an additional 4,360,000 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of The Western Union during the second quarter worth approximately $82,670,000. Finally, WBI Investments Inc. acquired a new position in shares of The Western Union during the second quarter worth approximately $40,412,000.
Shares of WU stock traded down $0.07 during mid-day trading on Tuesday, reaching $18.89. 63,799 shares of the company were exchanged, compared to its average volume of 3,885,704. The Western Union has a fifty-two week low of $18.38 and a fifty-two week high of $22.21. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of -7.38. The company has a market capitalization of $8.37 billion, a P/E ratio of 10.50, a PEG ratio of 2.36 and a beta of 0.97.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date is Thursday, September 13th. The Western Union’s dividend payout ratio is presently 42.22%.
The Western Union Company Profile
The Western Union Company provides money movement 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. This segment offers international cross-border transfers and intra-country transfers, as well as money transfer transactions through Websites and mobile devices.
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