Zacks: Brokerages Anticipate Western Union (WU) to Post $0.42 EPS

Brokerages expect Western Union (NYSE:WU) to report earnings per share (EPS) of $0.42 for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Western Union’s earnings. The lowest EPS estimate is $0.41 and the highest is $0.43. Western Union reported earnings of $0.35 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 20%. The firm is expected to announce its next earnings results after the market closes on Tuesday, May 1st.

On average, analysts expect that Western Union will report full year earnings of $1.86 per share for the current financial year, with EPS estimates ranging from $1.84 to $1.90. For the next fiscal year, analysts forecast that the firm will report earnings of $1.95 per share, with EPS estimates ranging from $1.91 to $2.00. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Western Union.

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Western Union (NYSE:WU) last released its quarterly earnings data on Tuesday, February 13th. The credit services provider reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.04). The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Western Union had a positive return on equity of 206.81% and a negative net margin of 10.09%. During the same quarter in the previous year, the company posted $0.47 EPS.

Several research analysts have issued reports on WU shares. Susquehanna Bancshares upgraded Western Union from a “negative” rating to a “neutral” rating in a research report on Monday, January 8th. Zacks Investment Research cut Western Union from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. Mizuho upgraded Western Union from an “underperform” rating to a “neutral” rating and set a $16.00 price objective for the company in a research report on Wednesday, February 14th. William Blair reiterated a “market perform” rating on shares of Western Union in a research report on Wednesday, February 14th. Finally, TheStreet cut Western Union from a “b-” rating to a “c-” rating in a research report on Tuesday, February 13th. Five investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Western Union currently has an average rating of “Hold” and an average target price of $19.06.

Several hedge funds have recently made changes to their positions in the company. Lyrical Asset Management LP increased its position in shares of Western Union by 3.3% in the fourth quarter. Lyrical Asset Management LP now owns 11,335,825 shares of the credit services provider’s stock valued at $215,494,000 after buying an additional 363,239 shares in the last quarter. Clarkston Capital Partners LLC increased its position in shares of Western Union by 1.0% in the fourth quarter. Clarkston Capital Partners LLC now owns 9,139,401 shares of the credit services provider’s stock valued at $173,740,000 after buying an additional 94,611 shares in the last quarter. LSV Asset Management increased its position in shares of Western Union by 6.3% in the fourth quarter. LSV Asset Management now owns 8,203,357 shares of the credit services provider’s stock valued at $155,945,000 after buying an additional 483,400 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Western Union by 13.9% in the fourth quarter. Geode Capital Management LLC now owns 5,517,365 shares of the credit services provider’s stock valued at $104,692,000 after buying an additional 673,748 shares in the last quarter. Finally, Bank of Montreal Can increased its position in shares of Western Union by 3.4% in the fourth quarter. Bank of Montreal Can now owns 3,977,156 shares of the credit services provider’s stock valued at $75,605,000 after buying an additional 131,522 shares in the last quarter.

NYSE:WU traded down $0.33 during trading hours on Tuesday, hitting $19.08. The company’s stock had a trading volume of 2,998,324 shares, compared to its average volume of 3,994,274. The stock has a market capitalization of $8,763.42, a price-to-earnings ratio of 10.60, a PEG ratio of 2.31 and a beta of 1.02. The company has a debt-to-equity ratio of -6.17, a quick ratio of 0.82 and a current ratio of 0.82. Western Union has a 52-week low of $18.38 and a 52-week high of $22.21.

The company also recently declared a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, March 16th were given a $0.19 dividend. The ex-dividend date was Thursday, March 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.98%. This is a boost from Western Union’s previous quarterly dividend of $0.18. Western Union’s dividend payout ratio (DPR) is currently 42.22%.

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

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