Western Union Q4 EPS Estimate Reduced by Northland Capmk

The Western Union Company (NYSE:WU) – Analysts at Northland Capmk cut their Q4 2024 earnings per share estimates for Western Union in a research note issued on Thursday, October 24th. Northland Capmk analyst M. Grondahl now expects that the credit services provider will post earnings per share of $0.40 for the quarter, down from their prior estimate of $0.42. The consensus estimate for Western Union’s current full-year earnings is $1.76 per share.

Western Union (NYSE:WU) last posted its quarterly earnings results on Wednesday, October 23rd. The credit services provider reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. Western Union had a return on equity of 123.71% and a net margin of 13.64%. The business’s quarterly revenue was down 5.6% on a year-over-year basis. During the same period last year, the business earned $0.43 EPS.

Other research analysts also recently issued research reports about the stock. UBS Group cut their price target on shares of Western Union from $13.50 to $12.00 and set a “neutral” rating on the stock in a report on Thursday. JPMorgan Chase & Co. reduced their price target on Western Union from $14.00 to $12.00 and set an “underweight” rating for the company in a research report on Tuesday, August 20th. Royal Bank of Canada lowered their price objective on Western Union from $16.00 to $14.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 31st. StockNews.com upgraded Western Union from a “sell” rating to a “hold” rating in a report on Friday. Finally, Citigroup reiterated a “neutral” rating and set a $13.00 price target on shares of Western Union in a report on Wednesday, July 17th. Three equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat.com, Western Union presently has a consensus rating of “Hold” and a consensus price target of $12.86.

Western Union Price Performance

NYSE WU opened at $11.18 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 5.98. The stock has a market capitalization of $3.78 billion, a PE ratio of 6.86, a price-to-earnings-growth ratio of 1.74 and a beta of 0.86. Western Union has a 12-month low of $10.92 and a 12-month high of $14.19. The company has a 50 day moving average price of $11.85 and a two-hundred day moving average price of $12.36.

Hedge Funds Weigh In On Western Union

Several large investors have recently bought and sold shares of WU. Pallas Capital Advisors LLC bought a new position in shares of Western Union during the 3rd quarter worth about $401,000. Insight Folios Inc grew its position in Western Union by 11.0% during the third quarter. Insight Folios Inc now owns 466,494 shares of the credit services provider’s stock worth $5,565,000 after buying an additional 46,087 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Western Union by 0.5% during the third quarter. State of Alaska Department of Revenue now owns 238,876 shares of the credit services provider’s stock valued at $2,849,000 after acquiring an additional 1,205 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in Western Union by 12.1% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 185,573 shares of the credit services provider’s stock valued at $2,274,000 after acquiring an additional 20,000 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Western Union by 50.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 43,121 shares of the credit services provider’s stock worth $514,000 after acquiring an additional 14,415 shares during the period. 91.81% of the stock is currently owned by institutional investors and hedge funds.

About Western Union

The Western Union Company provides money movement and payment services worldwide. The company operates through Consumer Money Transfer and Consumer Services segments. The Consumer Money Transfer segment facilitates money transfers for international cross-border and intra-country transfers, primarily through a network of retail agent locations, as well as through websites and mobile devices.