Western Union Company (The) (WU) Forecasted to Post Q1 2018 Earnings of $0.42 Per Share

Western Union Company (The) (NYSE:WU) – Research analysts at Jefferies Group issued their Q1 2018 earnings per share (EPS) estimates for Western Union Company (The) in a report released on Wednesday. Jefferies Group analyst R. El-Assal expects that the credit services provider will post earnings of $0.42 per share for the quarter. Jefferies Group has a “Hold” rating and a $19.00 price objective on the stock. Jefferies Group also issued estimates for Western Union Company (The)’s Q2 2018 earnings at $0.47 EPS, Q3 2018 earnings at $0.49 EPS and Q4 2018 earnings at $0.48 EPS.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Western Union Company (The) from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Monday, November 6th. ValuEngine upgraded Western Union Company (The) from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Stifel Nicolaus restated a “hold” rating and issued a $20.00 price objective (up previously from $19.00) on shares of Western Union Company (The) in a research report on Wednesday, August 9th. Mizuho restated a “sell” rating and issued a $16.00 price objective on shares of Western Union Company (The) in a research report on Sunday, October 15th. Finally, Citigroup Inc. upped their price objective on Western Union Company (The) from $17.00 to $17.50 and gave the stock a “sell” rating in a research report on Friday, November 3rd. Six research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $20.14.

TRADEMARK VIOLATION WARNING: “Western Union Company (The) (WU) Forecasted to Post Q1 2018 Earnings of $0.42 Per Share” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://ledgergazette.com/2017/11/18/western-union-company-the-wu-forecasted-to-post-q1-2018-earnings-of-0-42-per-share.html.

Western Union Company (NYSE WU) opened at $19.68 on Friday. Western Union Company has a fifty-two week low of $18.39 and a fifty-two week high of $22.70. The company has a debt-to-equity ratio of 4.98, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market cap of $9,025.10, a P/E ratio of 10.62, a P/E/G ratio of 1.86 and a beta of 1.01.

Western Union Company (The) (NYSE:WU) last posted its quarterly earnings data on Thursday, November 2nd. The credit services provider reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.09. Western Union Company (The) had a net margin of 3.83% and a return on equity of 116.85%. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Financial Architects Inc raised its stake in Western Union Company (The) by 2.1% in the 2nd quarter. Financial Architects Inc now owns 6,951 shares of the credit services provider’s stock valued at $132,000 after purchasing an additional 144 shares during the last quarter. Loudon Investment Management LLC raised its stake in Western Union Company (The) by 1.4% in the 2nd quarter. Loudon Investment Management LLC now owns 11,170 shares of the credit services provider’s stock valued at $213,000 after purchasing an additional 150 shares during the last quarter. Thrivent Financial For Lutherans raised its stake in Western Union Company (The) by 1.1% in the 2nd quarter. Thrivent Financial For Lutherans now owns 17,900 shares of the credit services provider’s stock valued at $341,000 after purchasing an additional 190 shares during the last quarter. Hanson & Doremus Investment Management raised its stake in Western Union Company (The) by 0.3% in the 2nd quarter. Hanson & Doremus Investment Management now owns 75,046 shares of the credit services provider’s stock valued at $1,430,000 after purchasing an additional 239 shares during the last quarter. Finally, IFP Advisors Inc raised its stake in Western Union Company (The) by 3.1% in the 2nd quarter. IFP Advisors Inc now owns 7,836 shares of the credit services provider’s stock valued at $149,000 after purchasing an additional 239 shares during the last quarter.

In other news, EVP Jean Claude Farah sold 17,518 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $20.50, for a total transaction of $359,119.00. Following the transaction, the executive vice president now owns 139,500 shares in the company, valued at approximately $2,859,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.10% of the company’s stock.

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.

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

Receive News & Ratings for Western Union Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Union Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply