Western Union Company (The) (NYSE:WU) updated its FY17 earnings guidance on Thursday. The company provided earnings per share guidance of $1.70-1.80 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.67.
A number of brokerages have recently weighed in on WU. Stifel Nicolaus reiterated a hold rating and set a $20.00 price target (up previously from $19.00) on shares of Western Union Company (The) in a report on Wednesday, August 9th. Barclays PLC upped their price target on Western Union Company (The) from $21.00 to $22.00 and gave the stock an underweight rating in a research note on Friday, August 4th. BidaskClub cut Western Union Company (The) from a hold rating to a sell rating in a research report on Friday, June 9th. Zacks Investment Research upgraded Western Union Company (The) from a hold rating to a buy rating and set a $22.00 price objective on the stock in a research note on Tuesday, May 2nd. Finally, TheStreet upgraded Western Union Company (The) from a c rating to a b- rating in a research report on Tuesday, May 2nd. Six equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $20.27.
Western Union Company (WU) traded up 0.83% during midday trading on Wednesday, hitting $19.38. 3,954,630 shares of the company were exchanged. The firm has a market capitalization of $8.99 billion, a PE ratio of 49.82 and a beta of 1.19. The stock has a 50 day moving average of $19.15 and a 200 day moving average of $19.50. Western Union Company has a 1-year low of $18.42 and a 1-year high of $22.70.
Western Union Company (The) (NYSE:WU) last posted its quarterly earnings results on Thursday, August 3rd. The credit services provider reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.08. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.37 billion. Western Union Company (The) had a net margin of 3.50% and a return on equity of 92.41%. The company’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the business posted $0.44 earnings per share. On average, equities analysts predict that Western Union Company will post $1.77 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date is Thursday, September 14th. Western Union Company (The)’s payout ratio is 179.49%.
In other news, EVP John David Thompson sold 23,500 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $20.12, for a total value of $472,820.00. Following the sale, the executive vice president now owns 129,650 shares of the company’s stock, valued at $2,608,558. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.10% of the stock is owned by corporate insiders.
About Western Union Company (The)
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.
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