Brokerages expect The Western Union Company (NYSE:WU) to report sales of $1.34 billion for the current fiscal quarter, Zacks reports. Six analysts have made estimates for The Western Union’s earnings. The highest sales estimate is $1.36 billion and the lowest is $1.29 billion. The Western Union reported sales of $1.41 billion in the same quarter last year, which would suggest a negative year over year growth rate of 5%. The business is expected to report its next quarterly earnings report after the market closes on Thursday, August 1st.
On average, analysts expect that The Western Union will report full-year sales of $5.33 billion for the current fiscal year, with estimates ranging from $5.20 billion to $5.39 billion. For the next year, analysts anticipate that the company will report sales of $5.30 billion, with estimates ranging from $5.22 billion to $5.37 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow The Western Union.
The Western Union (NYSE:WU) last posted its quarterly earnings results on Tuesday, May 7th. The credit services provider reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). The Western Union had a negative return on equity of 216.66% and a net margin of 14.65%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the company posted $0.45 EPS. The Western Union’s quarterly revenue was down 3.8% compared to the same quarter last year.
Several research analysts have recently issued reports on WU shares. Zacks Investment Research upgraded Zymeworks from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Saturday, April 27th. Northcoast Research cut The Western Union from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 8th. Finally, ValuEngine upgraded The Western Union from a “sell” rating to a “hold” rating in a research note on Friday, March 22nd. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $20.00.
In related news, EVP Richard L. Williams sold 35,686 shares of The Western Union stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $20.75, for a total transaction of $740,484.50. Following the transaction, the executive vice president now owns 130,439 shares in the company, valued at $2,706,609.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jacqueline D. Molnar sold 15,712 shares of The Western Union stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $20.14, for a total value of $316,439.68. Following the transaction, the insider now owns 53,771 shares in the company, valued at approximately $1,082,947.94. The disclosure for this sale can be found here. In the last 90 days, insiders sold 67,398 shares of company stock worth $1,377,084. Company insiders own 1.33% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new stake in The Western Union in the fourth quarter valued at $85,840,000. D. E. Shaw & Co. Inc. raised its position in The Western Union by 176.9% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,827,783 shares of the credit services provider’s stock valued at $31,182,000 after purchasing an additional 1,167,589 shares during the period. Victory Capital Management Inc. raised its position in The Western Union by 16,646.5% in the first quarter. Victory Capital Management Inc. now owns 1,104,597 shares of the credit services provider’s stock valued at $20,402,000 after purchasing an additional 1,098,001 shares during the period. APG Asset Management N.V. raised its position in The Western Union by 34.1% in the fourth quarter. APG Asset Management N.V. now owns 3,912,434 shares of the credit services provider’s stock valued at $58,388,000 after purchasing an additional 995,900 shares during the period. Finally, Clarkston Capital Partners LLC raised its position in The Western Union by 6.3% in the first quarter. Clarkston Capital Partners LLC now owns 11,385,080 shares of the credit services provider’s stock valued at $210,282,000 after purchasing an additional 673,380 shares during the period.
Shares of NYSE WU traded down $0.14 during mid-day trading on Friday, reaching $20.39. 2,942,100 shares of the company were exchanged, compared to its average volume of 5,788,332. The firm has a market capitalization of $8.95 billion, a PE ratio of 10.62, a price-to-earnings-growth ratio of 2.31 and a beta of 0.82. The Western Union has a 1 year low of $16.42 and a 1 year high of $20.89. The business has a 50-day simple moving average of $20.04.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.92%. The ex-dividend date of this dividend was Thursday, June 13th. The Western Union’s payout ratio is currently 41.67%.
About The 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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