$0.44 Earnings Per Share Expected for Western Union Company (The) (WU) This Quarter

Brokerages predict that Western Union Company (The) (NYSE:WU) will post earnings of $0.44 per share for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have made estimates for Western Union Company (The)’s earnings, with the highest EPS estimate coming in at $0.47 and the lowest estimate coming in at $0.40. Western Union Company (The) also posted earnings per share of $0.44 during the same quarter last year. The business is expected to issue its next earnings report on Tuesday, November 7th.

On average, analysts expect that Western Union Company (The) will report full-year earnings of $1.75 per share for the current year, with EPS estimates ranging from $1.54 to $1.79. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.80 per share, with EPS estimates ranging from $1.67 to $1.90. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that follow Western Union Company (The).

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

A number of research firms have commented on WU. ValuEngine cut shares of Western Union Company (The) from a “buy” rating to a “hold” rating in a research report on Friday. Stifel Nicolaus reaffirmed a “hold” rating and issued a $20.00 target price (up previously from $19.00) on shares of Western Union Company (The) in a research report on Wednesday, August 9th. Barclays PLC upped their target price on shares of Western Union Company (The) from $21.00 to $22.00 and gave the company an “underweight” rating in a research report on Friday, August 4th. Mizuho began coverage on shares of Western Union Company (The) in a research report on Tuesday, June 27th. They issued an “underperform” rating and a $16.00 target price on the stock. Finally, BidaskClub cut shares of Western Union Company (The) from a “hold” rating to a “sell” rating in a research report on Friday, June 9th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. Western Union Company (The) presently has an average rating of “Hold” and a consensus target price of $20.56.

In other news, EVP John David Thompson sold 23,500 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $20.12, for a total transaction of $472,820.00. Following the sale, the executive vice president now owns 129,650 shares of the company’s stock, valued at $2,608,558. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the company. Whittier Trust Co. raised its stake in Western Union Company (The) by 6.1% in the first quarter. Whittier Trust Co. now owns 4,992 shares of the credit services provider’s stock worth $102,000 after buying an additional 288 shares during the last quarter. Fiduciary Trust Co. purchased a new stake in Western Union Company (The) during the second quarter worth $121,000. Capstone Investment Advisors Netherlands B.V. purchased a new stake in Western Union Company (The) during the second quarter worth $129,000. Financial Architects Inc raised its stake in Western Union Company (The) by 2.1% in the second quarter. Financial Architects Inc now owns 6,951 shares of the credit services provider’s stock worth $132,000 after buying an additional 144 shares during the last quarter. Finally, IFP Advisors Inc raised its stake in Western Union Company (The) by 3.1% in the second quarter. IFP Advisors Inc now owns 7,836 shares of the credit services provider’s stock worth $149,000 after buying an additional 239 shares during the last quarter.

Western Union Company (WU) traded down 0.69% during midday trading on Friday, hitting $18.79. 3,893,668 shares of the stock traded hands. The stock has a 50-day moving average of $19.20 and a 200 day moving average of $19.43. The firm has a market cap of $8.72 billion, a PE ratio of 48.30 and a beta of 1.19. Western Union Company has a 52-week low of $18.42 and a 52-week high of $22.70.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.175 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.70 annualized dividend and a dividend yield of 3.73%. Western Union Company (The)’s dividend payout ratio is presently 179.49%.

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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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