Equities research analysts predict that The Western Union Company (NYSE:WU) will announce earnings per share (EPS) of $0.48 for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for The Western Union’s earnings, with estimates ranging from $0.46 to $0.50. The Western Union posted earnings of $0.53 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 9.4%. The firm is expected to report its next earnings report after the market closes on Thursday, November 1st.
On average, analysts expect that The Western Union will report full year earnings of $1.85 per share for the current year, with EPS estimates ranging from $1.83 to $1.88. For the next year, analysts anticipate that the company will report earnings of $1.93 per share, with EPS estimates ranging from $1.88 to $1.97. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow The Western Union.
The Western Union (NYSE:WU) last released its 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 company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.43 billion. The Western Union had a negative net margin of 8.05% and a negative return on equity of 560.31%. The business’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 earnings per share.
A number of research firms have recently weighed in on WU. Royal Bank of Canada reiterated a “hold” rating and set a $21.00 target price on shares of The Western Union in a research report on Friday, August 3rd. Zacks Investment Research downgraded The Western Union from a “hold” rating to a “sell” rating in a research report on Monday, July 16th. Wolfe Research started coverage on The Western Union in a research report on Tuesday, July 17th. They set an “underperform” rating for the company. Finally, ValuEngine downgraded The Western Union from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. Six equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The stock presently has an average rating of “Sell” and an average target price of $18.92.
Several hedge funds have recently made changes to their positions in the stock. Piedmont Investment Advisors LLC acquired a new position in The Western Union in the 2nd quarter worth about $109,000. Financial Gravity Wealth Inc. acquired a new position in The Western Union in the 1st quarter worth about $180,000. Jane Street Group LLC acquired a new position in The Western Union in the 1st quarter worth about $196,000. Gofen & Glossberg LLC IL acquired a new position in The Western Union in the 2nd quarter worth about $203,000. Finally, Bourne Lent Asset Management Inc. acquired a new position in The Western Union in the 2nd quarter worth about $203,000.
Shares of NYSE:WU traded up $0.24 during trading on Friday, reaching $17.91. 5,119,213 shares of the company traded hands, compared to its average volume of 4,988,594. The company has a market cap of $8.52 billion, a price-to-earnings ratio of 9.95, a PEG ratio of 2.41 and a beta of 0.95. The company has a debt-to-equity ratio of -7.38, a quick ratio of 0.86 and a current ratio of 0.86. The Western Union has a 52 week low of $17.57 and a 52 week high of $22.21.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 14th were given a dividend of $0.19 per share. The ex-dividend date was Thursday, September 13th. This represents a $0.76 annualized dividend and a dividend yield of 4.24%. The Western Union’s dividend payout ratio is currently 42.22%.
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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