$1.30 billion in sales expected for The Western Union Company (NYSE:WU) this quarter
Wall Street analysts expect The Western Union Company (NYSE:WU) to post sales of $1.30 billion for the current fiscal quarter, Zacks reports. Five analysts have made estimates of Western Union’s earnings, with the lowest sales estimate of $1.28 billion and the highest estimate of $1.31 billion. Western Union posted sales of $1.27 billion in the same quarter last year, suggesting a positive year-over-year growth rate of 2.4%. The company is expected to release its next results after the market closes on Thursday, February 10.
According to Zacks, analysts expect Western Union to report annual revenue of $5.08 billion in the current fiscal year, with estimates ranging from $5.06 billion to $5.10 billion. of dollars. For next year, analysts expect the company to post sales of $5.23 billion, with estimates ranging from $5.00 billion to $5.39 billion. Zacks sales averages are an average average based on a survey of sell-side analysts who cover Western Union.
Western Union (NYSE:WU) last released its quarterly results on Monday, November 1. The credit services provider reported earnings per share of $0.63 for the quarter, beating the consensus estimate of $0.58 by $0.05. The company posted revenue of $1.29 billion in the quarter, versus $1.31 billion expected by analysts. Western Union achieved a return on equity of 311.01% and a net margin of 16.10%. In the same quarter last year, the company posted EPS of $0.57.
A number of equity research analysts have recently released reports on WU shares. Credit Suisse Group lowered its price target on Western Union from $23.00 to $19.00 and set an “underperform” rating for the company in a Wednesday, Nov. 3 research note. Susquehanna cut its price target on Western Union from $23.00 to $21.00 and set a “neutral” rating on the stock in a Wednesday, Nov. 3, report. Northland Securities cut its price target on Western Union from $32.00 to $25.00 and set an “outperform” rating on the stock in a Wednesday, Nov. 3, report. Citigroup lowered its target price on Western Union from $25.00 to $24.00 and placed a “buy” rating on the stock in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft lowered its price target on Western Union from $25.00 to $18.00 and placed a “hold” rating on the stock in a Wednesday, Nov. 3 research note. Four research analysts gave the stock a sell rating, seven gave the company a hold rating and two gave the company a buy rating. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $22.25.
Institutional investors have recently bought and sold shares of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings of Western Union shares by 12.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 76,113 shares of the credit service provider worth $1,748,000 after buying 8,699 more shares in the last quarter. Baird Financial Group Inc. acquired a new stake in Western Union stock during Q2 valued at approximately $2,565,000. Commonwealth Equity Services LLC increased its position in Western Union shares by 16.4% during the second quarter. Commonwealth Equity Services LLC now owns 33,770 shares of the credit services provider valued at $775,000 after acquiring an additional 4,762 shares during the period. Xponance Inc. increased its position in Western Union shares by 26.4% during the 2nd quarter. Xponance Inc. now owns 33,257 shares of the credit service provider valued at $764,000 after acquiring an additional 6,945 shares during the period. Finally, Jennison Associates LLC increased its position in Western Union shares by 152.9% during the second quarter. Jennison Associates LLC now owns 162,598 shares of the credit services provider worth $3,735,000 after purchasing an additional 98,304 shares in the last quarter. Institutional investors hold 98.87% of the company’s shares.
NYSE:WU opened at $18.84 on Friday. The company has a market capitalization of $7.57 billion, a price-earnings ratio of 9.52 and a beta of 0.95. Western Union has a 1-year low of $15.69 and a 1-year high of $26.61. The company has a 50-day simple moving average of $17.84 and a 200-day simple moving average of $19.83. The company has a debt ratio of 7.74, a current ratio of 0.93 and a quick ratio of 0.93.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 31. Shareholders of record on Friday, December 17 received a dividend of $0.235. This represents an annualized dividend of $0.94 and a dividend yield of 4.99%. The ex-dividend date was Thursday, December 16. Western Union’s payout rate is currently 47.47%.
Western Union Company Profile
The Western Union Co is a holding company that provides 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 foreign exchange solutions, cross-border and multi-currency transactions, for small and medium enterprises and other organizations and individuals.
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