The Western Union Company (NYSE:WU) Forecasted to Post Q3 2024 Earnings of $0.44 Per Share

The Western Union Company (NYSE:WU) – Analysts at William Blair increased their Q3 2024 EPS estimates for Western Union in a research report issued to clients and investors on Wednesday, July 31st. William Blair analyst C. Kennedy now forecasts that the credit services provider will post earnings per share of $0.44 for the quarter, up from their prior estimate of $0.43. The consensus estimate for Western Union’s current full-year earnings is $1.76 per share. William Blair also issued estimates for Western Union’s FY2024 earnings at $1.76 EPS, Q2 2025 earnings at $0.47 EPS and FY2025 earnings at $1.86 EPS.

Other equities research analysts have also issued reports about the stock. StockNews.com lowered shares of Western Union from a “hold” rating to a “sell” rating in a report on Friday. Citigroup restated a “neutral” rating and set a $13.00 price objective on shares of Western Union in a report on Wednesday, July 17th. JPMorgan Chase & Co. raised their price objective on shares of Western Union from $13.00 to $14.00 and gave the stock an “underweight” rating in a report on Thursday, April 25th. Royal Bank of Canada dropped their price objective on shares of Western Union from $16.00 to $14.00 and set a “sector perform” rating on the stock in a report on Wednesday. Finally, Evercore ISI raised their price objective on shares of Western Union from $14.00 to $15.00 and gave the stock an “in-line” rating in a report on Thursday, April 25th. Four investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $13.43.

Western Union Trading Down 1.3 %

Shares of NYSE WU opened at $11.52 on Friday. The company’s fifty day moving average is $12.47 and its 200-day moving average is $12.91. The stock has a market cap of $3.89 billion, a price-to-earnings ratio of 6.82, a P/E/G ratio of 1.75 and a beta of 0.85. Western Union has a twelve month low of $10.92 and a twelve month high of $14.19. The company has a quick ratio of 1.01, a current ratio of 1.05 and a debt-to-equity ratio of 5.98.

Western Union (NYSE:WU) last announced its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. Western Union had a return on equity of 123.71% and a net margin of 13.64%. The company’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.51 earnings per share.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. MCF Advisors LLC acquired a new position in shares of Western Union during the 1st quarter worth about $30,000. Riverview Trust Co bought a new stake in shares of Western Union during the 1st quarter worth about $32,000. Venturi Wealth Management LLC boosted its holdings in shares of Western Union by 500.5% during the 1st quarter. Venturi Wealth Management LLC now owns 2,312 shares of the credit services provider’s stock worth $32,000 after buying an additional 1,927 shares during the period. LRI Investments LLC bought a new stake in shares of Western Union during the 1st quarter worth about $37,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Western Union during the 1st quarter worth about $41,000. 91.81% of the stock is currently owned by institutional investors and hedge funds.

Western Union Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a $0.235 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.94 annualized dividend and a yield of 8.16%. Western Union’s payout ratio is currently 55.62%.

Western Union Company Profile

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.