Brokerages Anticipate Western Union Company (The) (WU) Will Post Quarterly Sales of $1.39 Billion

Wall Street analysts expect that Western Union Company (The) (NYSE:WU) will announce $1.39 billion in sales for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Western Union Company (The)’s earnings. The highest sales estimate is $1.41 billion and the lowest is $1.38 billion. Western Union Company (The) reported sales of $1.38 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 0.7%. The business is expected to announce its next quarterly earnings report on Tuesday, November 7th.

According to Zacks, analysts expect that Western Union Company (The) will report full year sales of $1.39 billion for the current financial year, with estimates ranging from $5.45 billion to $5.50 billion. For the next financial year, analysts expect that the company will report sales of $5.56 billion per share, with estimates ranging from $5.51 billion to $5.63 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Western Union Company (The).

Western Union Company (The) (NYSE:WU) last issued its quarterly earnings results on Thursday, August 3rd. The credit services provider reported $0.50 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.08. Western Union Company (The) had a return on equity of 92.41% and a net margin of 3.50%. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter last year, the business earned $0.44 earnings per share. Western Union Company (The)’s revenue was up .2% on a year-over-year basis.

A number of equities analysts have weighed in on the company. Barclays PLC upped their target price on Western Union Company (The) from $21.00 to $22.00 and gave the stock an “underweight” rating in a research note on Friday, August 4th. Mizuho assumed coverage on Western Union Company (The) in a research note on Tuesday, June 27th. They issued an “underperform” rating and a $16.00 target price on the stock. ValuEngine lowered Western Union Company (The) from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Stifel Nicolaus restated a “hold” rating and issued a $20.00 target price (up from $19.00) on shares of Western Union Company (The) in a research note on Wednesday, August 9th. Finally, BidaskClub lowered Western Union Company (The) from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $20.70.

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Shares of Western Union Company (WU) traded down 0.91% on Friday, hitting $18.51. The company had a trading volume of 5,363,039 shares. Western Union Company has a 1-year low of $18.42 and a 1-year high of $22.70. The company has a 50 day moving average price of $19.19 and a 200 day moving average price of $19.42. The firm has a market capitalization of $8.59 billion, a price-to-earnings ratio of 47.58 and a beta of 1.20.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend is Thursday, September 14th. Western Union Company (The)’s dividend payout ratio is presently 179.49%.

In related news, EVP John David Thompson sold 23,500 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $20.12, for a total transaction of $472,820.00. Following the completion of the sale, the executive vice president now directly owns 129,650 shares in the company, valued at approximately $2,608,558. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.10% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Navellier & Associates Inc boosted its holdings in Western Union Company (The) by 3.5% during the 2nd quarter. Navellier & Associates Inc now owns 87,829 shares of the credit services provider’s stock valued at $1,673,000 after acquiring an additional 2,988 shares during the period. Toronto Dominion Bank boosted its holdings in Western Union Company (The) by 23.0% during the 2nd quarter. Toronto Dominion Bank now owns 159,762 shares of the credit services provider’s stock valued at $3,043,000 after acquiring an additional 29,887 shares during the period. Oak Associates Ltd. OH boosted its holdings in Western Union Company (The) by 2.8% during the 2nd quarter. Oak Associates Ltd. OH now owns 290,921 shares of the credit services provider’s stock valued at $5,542,000 after acquiring an additional 8,002 shares during the period. Advisory Services Network LLC boosted its holdings in Western Union Company (The) by 4.2% during the 2nd quarter. Advisory Services Network LLC now owns 21,115 shares of the credit services provider’s stock valued at $402,000 after acquiring an additional 858 shares during the period. Finally, Polaris Capital Management LLC boosted its holdings in Western Union Company (The) by 2.2% during the 2nd quarter. Polaris Capital Management LLC now owns 1,442,816 shares of the credit services provider’s stock valued at $27,486,000 after acquiring an additional 31,400 shares during the period.

Western Union Company (The) Company Profile

The Western Union Company (Western Union) is a provider of money movement and payment services. The Company operates through three segments: Consumer-to-Consumer, Consumer-to-Business and Business Solutions. The Company’s Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents.

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Earnings History and Estimates for Western Union Company (The) (NYSE:WU)

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