Zacks: Analysts Expect Western Union (WU) Will Announce Quarterly Sales of $1.35 Billion

Wall Street analysts expect Western Union (NYSE:WU) to report sales of $1.35 billion for the current quarter, according to Zacks. Seven analysts have issued estimates for Western Union’s earnings, with estimates ranging from $1.34 billion to $1.38 billion. Western Union posted sales of $1.30 billion during the same quarter last year, which suggests a positive year over year growth rate of 3.8%. The company is expected to announce its next earnings report after the market closes on Tuesday, May 1st.

On average, analysts expect that Western Union will report full year sales of $5.71 billion for the current fiscal year, with estimates ranging from $5.66 billion to $5.74 billion. For the next fiscal year, analysts anticipate that the company will post sales of $5.87 billion per share, with estimates ranging from $5.78 billion to $5.95 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that cover Western Union.

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Western Union (NYSE:WU) last announced its earnings results on Tuesday, February 13th. The credit services provider reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). The company had revenue of $1.44 billion for the quarter, compared to analyst estimates 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 period last year, the firm earned $0.47 earnings per share.

A number of equities research analysts have recently issued reports on WU shares. Mizuho raised Western Union from an “underperform” rating to a “neutral” rating and set a $16.00 target price on the stock in a research report on Wednesday, February 14th. William Blair reiterated a “market perform” rating on shares of Western Union in a report on Wednesday, February 14th. TheStreet downgraded Western Union from a “b-” rating to a “c-” rating in a report on Tuesday, February 13th. UBS upgraded Western Union to a “neutral” rating in a report on Monday, January 8th. Finally, Zacks Investment Research downgraded Western Union from a “hold” rating to a “sell” rating in a report on Saturday, February 3rd. Five investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. The company presently has an average rating of “Hold” and an average target price of $19.06.

Shares of Western Union stock traded down $0.33 on Thursday, reaching $19.08. 2,998,324 shares of the company were exchanged, compared to its average volume of 3,994,274. The firm has a market capitalization of $8,763.42, a PE ratio of 10.60, a price-to-earnings-growth ratio of 2.31 and a beta of 1.02. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of -6.17. Western Union has a fifty-two week low of $18.38 and a fifty-two week high of $22.21.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, March 16th were issued a dividend of $0.19 per share. This is an increase from Western Union’s previous quarterly dividend of $0.18. 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%. Western Union’s payout ratio is currently 42.22%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Assetmark Inc. grew its stake in Western Union by 6,425.7% in the fourth quarter. Assetmark Inc. now owns 6,852 shares of the credit services provider’s stock valued at $130,000 after purchasing an additional 6,747 shares in the last quarter. Financial Gravity Companies Inc. purchased a new position in Western Union in the fourth quarter valued at about $159,000. Steward Partners Investment Advisory LLC purchased a new position in Western Union in the third quarter valued at about $186,000. Financial Counselors Inc. purchased a new position in Western Union in the fourth quarter valued at about $191,000. Finally, Fox Run Management L.L.C. bought a new stake in shares of Western Union during the 4th quarter worth about $196,000.

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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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