Zacks: Analysts Expect The Western Union Company (NYSE:WU) to Post $0.47 Earnings Per Share

Analysts expect The Western Union Company (NYSE:WU) to post earnings of $0.47 per share for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for The Western Union’s earnings. The lowest EPS estimate is $0.45 and the highest is $0.49. The Western Union reported earnings of $0.52 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 9.6%. The business is scheduled to announce its next quarterly earnings results after the market closes on Thursday, October 31st.

According to Zacks, analysts expect that The Western Union will report full-year earnings of $1.77 per share for the current financial year, with EPS estimates ranging from $1.75 to $1.80. For the next financial year, analysts expect that the firm will post earnings of $1.95 per share, with EPS estimates ranging from $1.83 to $2.07. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover The Western Union.

The Western Union (NYSE:WU) last announced its quarterly earnings data on Thursday, August 1st. The credit services provider reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.03). The Western Union had a net margin of 22.11% and a negative return on equity of 309.12%. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the company earned $0.46 EPS. The company’s quarterly revenue was down 5.0% compared to the same quarter last year.

A number of analysts have recently weighed in on WU shares. Barclays increased their price target on The Western Union from $18.00 to $19.00 and gave the stock an “underweight” rating in a research report on Monday, September 30th. BTIG Research increased their price target on The Western Union to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Citigroup increased their price target on The Western Union from $17.50 to $20.50 and gave the stock a “sell” rating in a research report on Monday. Guggenheim upgraded The Western Union from a “neutral” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Friday, September 27th. Finally, TheStreet upgraded The Western Union from a “c+” rating to a “b” rating in a research report on Thursday, August 1st. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $22.58.

Shares of The Western Union stock traded down $0.01 on Wednesday, reaching $23.96. 3,929,998 shares of the company were exchanged, compared to its average volume of 5,743,664. The company has a debt-to-equity ratio of 101.99, a quick ratio of 0.94 and a current ratio of 0.94. The company’s 50-day moving average is $22.88 and its two-hundred day moving average is $20.75. The firm has a market cap of $10.10 billion, a price-to-earnings ratio of 12.48, a P/E/G ratio of 1.40 and a beta of 0.80. The Western Union has a 1-year low of $16.42 and a 1-year high of $24.09.

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date was Friday, September 13th. The Western Union’s payout ratio is 41.67%.

In related news, insider Amintore Schenkel sold 13,361 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $22.86, for a total value of $305,432.46. Following the completion of the transaction, the insider now directly owns 96,839 shares of the company’s stock, valued at approximately $2,213,739.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Betsy D. Holden sold 15,474 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $21.16, for a total value of $327,429.84. Following the completion of the transaction, the director now directly owns 103,652 shares of the company’s stock, valued at $2,193,276.32. The disclosure for this sale can be found here. Insiders have sold a total of 56,102 shares of company stock worth $1,262,584 over the last quarter. Insiders own 1.33% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Monument Capital Management grew its holdings in The Western Union by 3.9% in the 2nd quarter. Monument Capital Management now owns 105,085 shares of the credit services provider’s stock worth $2,100,000 after buying an additional 3,983 shares in the last quarter. AGF Investments LLC grew its holdings in The Western Union by 25.6% in the 2nd quarter. AGF Investments LLC now owns 18,108 shares of the credit services provider’s stock worth $360,000 after buying an additional 3,687 shares in the last quarter. Xact Kapitalforvaltning AB grew its holdings in The Western Union by 8.2% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 116,633 shares of the credit services provider’s stock worth $2,320,000 after buying an additional 8,868 shares in the last quarter. CIBC Asset Management Inc boosted its stake in The Western Union by 3.2% during the 2nd quarter. CIBC Asset Management Inc now owns 42,238 shares of the credit services provider’s stock valued at $840,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. boosted its stake in The Western Union by 30.6% during the 2nd quarter. Candriam Luxembourg S.C.A. now owns 54,994 shares of the credit services provider’s stock valued at $2,341,000 after purchasing an additional 12,881 shares in the last quarter.

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

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