Wall Street brokerages expect that The Western Union Company (NYSE:WU) will report sales of $1.44 billion for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for The Western Union’s earnings. The highest sales estimate is $1.46 billion and the lowest is $1.42 billion. The Western Union reported sales of $1.38 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 4.3%. The firm is expected to report its next earnings report on Thursday, August 2nd.
According to Zacks, analysts expect that The Western Union will report full-year sales of $5.76 billion for the current year, with estimates ranging from $5.71 billion to $5.79 billion. For the next fiscal year, analysts anticipate that the company will post sales of $5.94 billion per share, with estimates ranging from $5.83 billion to $5.98 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover The Western Union.
The Western Union (NYSE:WU) last issued its earnings results on Tuesday, May 1st. The credit services provider reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.03. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.36 billion. The Western Union had a positive return on equity of 698.54% and a negative net margin of 9.00%. The Western Union’s revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.35 earnings per share.
WU traded down $0.31 during trading on Friday, reaching $20.66. 4,724,900 shares of the stock traded hands, compared to its average volume of 5,250,620. The stock has a market cap of $9.62 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 2.62 and a beta of 1.00. The Western Union has a fifty-two week low of $18.38 and a fifty-two week high of $22.21. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of -8.36.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be given a dividend of $0.19 per share. The ex-dividend date is Thursday, June 14th. This represents a $0.76 dividend on an annualized basis and a yield of 3.68%. The Western Union’s payout ratio is 42.22%.
In other The Western Union news, EVP Odilon Almeida sold 81,008 shares of the firm’s stock in a transaction dated Thursday, June 7th. The stock was sold at an average price of $21.00, for a total transaction of $1,701,168.00. Following the transaction, the executive vice president now directly owns 227,597 shares in the company, valued at $4,779,537. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.10% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. increased its stake in shares of The Western Union by 34.9% in the first quarter. BlackRock Inc. now owns 40,821,351 shares of the credit services provider’s stock worth $784,995,000 after purchasing an additional 10,568,831 shares during the period. Boston Partners bought a new position in shares of The Western Union in the first quarter worth about $131,161,000. Millennium Management LLC increased its stake in shares of The Western Union by 338.5% in the fourth quarter. Millennium Management LLC now owns 3,702,477 shares of the credit services provider’s stock worth $70,384,000 after purchasing an additional 2,858,037 shares during the period. Sterling Capital Management LLC increased its stake in shares of The Western Union by 71.5% in the fourth quarter. Sterling Capital Management LLC now owns 3,528,539 shares of the credit services provider’s stock worth $67,078,000 after purchasing an additional 1,470,957 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its stake in shares of The Western Union by 36.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 5,306,114 shares of the credit services provider’s stock worth $102,038,000 after purchasing an additional 1,417,494 shares during the period.
The Western Union Company Profile
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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