Western Union (WU) Set to Announce Quarterly Earnings on Wednesday

Western Union (NYSE:WUGet Rating) is scheduled to announce its earnings results after the market closes on Wednesday, August 3rd. Analysts expect the company to announce earnings of $0.41 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Western Union (NYSE:WUGet Rating) last issued its earnings results on Thursday, April 28th. The credit services provider reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.07. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. Western Union had a return on equity of 269.10% and a net margin of 18.29%. The firm’s quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 EPS. On average, analysts expect Western Union to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Western Union Price Performance

Shares of WU opened at $17.02 on Monday. The company has a market capitalization of $6.57 billion, a price-to-earnings ratio of 7.50 and a beta of 0.91. Western Union has a fifty-two week low of $15.30 and a fifty-two week high of $23.48. The company has a debt-to-equity ratio of 7.18, a current ratio of 0.98 and a quick ratio of 0.98. The business’s 50-day moving average is $16.84 and its 200-day moving average is $17.83.

Western Union Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be issued a $0.235 dividend. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 5.52%. Western Union’s dividend payout ratio is 41.41%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on WU. The Goldman Sachs Group began coverage on Western Union in a report on Tuesday, May 17th. They issued a “sell” rating and a $18.00 target price on the stock. JPMorgan Chase & Co. dropped their price objective on Western Union from $20.00 to $19.00 in a report on Friday, April 29th. Citigroup downgraded Western Union from a “buy” rating to a “neutral” rating and set a $20.00 price objective on the stock. in a report on Friday, April 29th. TheStreet downgraded Western Union from a “b-” rating to a “c+” rating in a report on Tuesday, July 12th. Finally, Wolfe Research downgraded Western Union from a “market perform” rating to an “underperform” rating and dropped their price objective for the stock from $20.00 to $17.00 in a report on Wednesday, July 20th. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $19.65.

Institutional Investors Weigh In On Western Union

Hedge funds have recently modified their holdings of the business. Covestor Ltd boosted its position in shares of Western Union by 62.7% in the first quarter. Covestor Ltd now owns 7,630 shares of the credit services provider’s stock valued at $143,000 after acquiring an additional 2,941 shares during the period. Prudential PLC bought a new position in Western Union in the first quarter worth $238,000. Journey Strategic Wealth LLC lifted its position in Western Union by 15.2% in the first quarter. Journey Strategic Wealth LLC now owns 14,041 shares of the credit services provider’s stock worth $264,000 after purchasing an additional 1,856 shares during the period. Virtu Financial LLC bought a new position in Western Union in the first quarter worth $265,000. Finally, Cetera Investment Advisers lifted its position in Western Union by 18.2% in the first quarter. Cetera Investment Advisers now owns 17,308 shares of the credit services provider’s stock worth $324,000 after purchasing an additional 2,663 shares during the period. 97.43% of the stock is owned by institutional investors.

About Western Union

(Get Rating)

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 and sub-agents; and offers international cross-border transfers and intra-country transfers, as well as money transfer transactions through websites and mobile devices.

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Earnings History for Western Union (NYSE:WU)

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