Western Union (NYSE:WU) Releases Earnings Results, Beats Estimates By $0.08 EPS

Western Union (NYSE:WU) issued its earnings results on Wednesday. The credit services provider reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.08, FiscalAI reports. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Western Union had a return on equity of 50.89% and a net margin of 9.79%.

Western Union Stock Up 5.7%

Shares of NYSE:WU traded up $0.35 during trading on Wednesday, hitting $6.61. The company’s stock had a trading volume of 11,461,175 shares, compared to its average volume of 8,953,616. The company has a market capitalization of $2.06 billion, a PE ratio of 5.37 and a beta of 0.56. Western Union has a fifty-two week low of $5.87 and a fifty-two week high of $10.35. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.12 and a current ratio of 1.12. The stock’s 50-day moving average price is $6.45 and its two-hundred day moving average price is $8.04.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on WU shares. Weiss Ratings cut Western Union from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Monness Crespi & Hardt upgraded shares of Western Union from a “sell” rating to a “neutral” rating in a research note on Wednesday, October 14th. Wolfe Research reissued an “underperform” rating and set a $8.00 target price on shares of Western Union in a research report on Friday, July 31st. Citigroup restated a “neutral” rating on shares of Western Union in a research note on Thursday, September 24th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Western Union from $8.00 to $7.00 and set an “underweight” rating for the company in a report on Wednesday, October 14th. Seven research analysts have rated the stock with a Hold rating and seven have issued a Sell rating to the company’s stock. According to MarketBeat.com, Western Union has an average rating of “Reduce” and a consensus price target of $7.18.

Western Union Company Profile

Western Union is a global provider of money movement and payment services. Through its branded digital platforms and retail agent network, the company enables consumers to send and receive money, transfer funds between bank accounts and digital wallets, pay bills, and purchase money orders in select markets.

The company serves customers across more than 200 countries and territories, with services available through physical locations as well as its website and mobile application. Its operations connect individuals and businesses across international borders, supporting both cash-based transactions and account-to-account transfers.

Western Union traces its origins to 1851, when it was established as a telegraph company before expanding into money transfer and payment services.