Western Union (NYSE:WU) Issues Quarterly Earnings Results

Western Union (NYSE:WUGet Rating) issued its earnings results on Wednesday. The credit services provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.10, RTT News reports. Western Union had a net margin of 18.27% and a return on equity of 239.89%. During the same quarter in the previous year, the business posted $0.48 EPS. Western Union updated its FY 2022 guidance to $1.75-$1.85 EPS and its FY22 guidance to $1.75-1.85 EPS.

Western Union Price Performance

Shares of NYSE WU opened at $16.37 on Friday. The stock has a market capitalization of $6.31 billion, a price-to-earnings ratio of 7.34 and a beta of 0.89. Western Union has a 12 month low of $15.30 and a 12 month high of $22.93. The firm’s 50 day simple moving average is $16.76 and its 200-day simple moving average is $17.78. The company has a debt-to-equity ratio of 6.01, a current ratio of 0.99 and a quick ratio of 0.98.

Western Union Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be given a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 5.74%. The ex-dividend date of this dividend is Thursday, September 15th. Western Union’s dividend payout ratio is presently 42.15%.

Analyst Upgrades and Downgrades

WU has been the subject of several analyst reports. Northland Securities decreased their price target on shares of Western Union from $24.00 to $22.00 in a research report on Thursday. TheStreet lowered shares of Western Union from a “b-” rating to a “c+” rating in a research report on Tuesday, July 12th. UBS Group decreased their price target on shares of Western Union from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday. Wolfe Research lowered shares of Western Union from a “market perform” rating to an “underperform” rating and decreased their price target for the company from $20.00 to $17.00 in a research report on Wednesday, July 20th. Finally, Citigroup lowered shares of Western Union from a “buy” rating to a “neutral” rating and set a $20.00 price target for the company. in a research report on Friday, April 29th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $19.23.

Institutional Investors Weigh In On Western Union

Hedge funds and other institutional investors have recently made changes to their positions in the company. Mariner LLC grew its stake in Western Union by 66.8% in the 1st quarter. Mariner LLC now owns 30,805 shares of the credit services provider’s stock valued at $578,000 after acquiring an additional 12,337 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in Western Union by 16.2% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 30,665 shares of the credit services provider’s stock valued at $575,000 after acquiring an additional 4,265 shares during the period. Achmea Investment Management B.V. acquired a new stake in Western Union in the 1st quarter valued at $527,000. Maverick Capital Ltd. acquired a new stake in Western Union in the 1st quarter valued at $419,000. Finally, Ergoteles LLC grew its stake in Western Union by 39.0% in the 1st quarter. Ergoteles LLC now owns 21,529 shares of the credit services provider’s stock valued at $403,000 after acquiring an additional 6,042 shares during the period. Institutional investors and hedge funds own 97.43% of the company’s stock.

Western Union Company Profile

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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 and sub-agents; and 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 for Western Union (NYSE:WU)

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