Wall Street brokerages expect that The Western Union Company (NYSE:WU) will post $1.35 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for The Western Union’s earnings, with the lowest sales estimate coming in at $1.31 billion and the highest estimate coming in at $1.37 billion. The Western Union posted sales of $1.39 billion in the same quarter last year, which would indicate a negative year over year growth rate of 2.9%. The business is scheduled to report its next quarterly earnings report on Tuesday, May 7th.
According to Zacks, analysts expect that The Western Union will report full year sales of $5.63 billion for the current year, with estimates ranging from $5.54 billion to $5.75 billion. For the next year, analysts expect that the firm will post sales of $5.75 billion, with estimates ranging from $5.71 billion to $5.86 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for The Western Union.
The Western Union (NYSE:WU) last issued its quarterly earnings data on Thursday, February 7th. The credit services provider reported $0.49 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.49. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.44 billion. The Western Union had a negative return on equity of 225.33% and a net margin of 15.24%. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.47 earnings per share.
A number of research analysts have issued reports on the stock. Wells Fargo & Co lowered shares of The Western Union from an “outperform” rating to a “market perform” rating and set a $20.00 target price for the company. in a research note on Tuesday, November 6th. Barclays started coverage on The Western Union in a report on Wednesday, November 14th. They issued an “underweight” rating and a $18.00 target price on the stock. Zacks Investment Research reissued a “hold” rating on shares of The Western Union in a research report on Saturday, November 17th. Keefe, Bruyette & Woods started coverage on The Western Union in a research report on Thursday, December 6th. They issued a “market perform” rating for the company. Finally, ValuEngine raised The Western Union from a “sell” rating to a “hold” rating in a research report on Tuesday, December 11th. Four analysts have rated the stock with a sell rating and three have given a hold rating to the company. The stock has a consensus rating of “Sell” and a consensus target price of $20.00.
NYSE WU traded up $0.07 during trading hours on Monday, hitting $17.87. The company had a trading volume of 10,110,949 shares, compared to its average volume of 5,831,954. The Western Union has a 1-year low of $16.42 and a 1-year high of $21.37. The company has a market capitalization of $7.99 billion, a PE ratio of 9.30, a P/E/G ratio of 2.24 and a beta of 0.94.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date is Thursday, March 14th. This is an increase from The Western Union’s previous quarterly dividend of $0.19. The Western Union’s dividend payout ratio (DPR) is 39.58%.
In related news, Director Roberto G. Mendoza sold 18,709 shares of the firm’s stock in a transaction dated Friday, December 14th. The stock was sold at an average price of $18.14, for a total transaction of $339,381.26. Following the transaction, the director now directly owns 78,597 shares of the company’s stock, valued at approximately $1,425,749.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Caroline Tsai sold 2,440 shares of the firm’s stock in a transaction dated Tuesday, December 11th. The shares were sold at an average price of $18.51, for a total value of $45,164.40. Following the transaction, the executive vice president now directly owns 43,244 shares in the company, valued at $800,446.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 43,099 shares of company stock valued at $787,328. Corporate insiders own 1.10% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC boosted its holdings in The Western Union by 1.4% in the fourth quarter. FMR LLC now owns 39,799,498 shares of the credit services provider’s stock worth $678,980,000 after acquiring an additional 557,039 shares in the last quarter. Actinver Wealth Management Inc. bought a new position in shares of The Western Union during the fourth quarter valued at $359,000. APG Asset Management N.V. lifted its holdings in shares of The Western Union by 34.1% during the fourth quarter. APG Asset Management N.V. now owns 3,912,434 shares of the credit services provider’s stock valued at $58,388,000 after purchasing an additional 995,900 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of The Western Union by 6.8% during the fourth quarter. Public Employees Retirement System of Ohio now owns 168,695 shares of the credit services provider’s stock valued at $2,878,000 after purchasing an additional 10,761 shares in the last quarter. Finally, HRT Financial LLC bought a new position in shares of The Western Union during the fourth quarter valued at $502,000.
About The Western Union
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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