Western Union (WU) Scheduled to Post Quarterly Earnings on Wednesday

Western Union (NYSE:WU) will announce its earnings results after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.40 per share for the quarter. Western Union has set its FY24 guidance at $1.65-1.75 EPS and its FY 2024 guidance at 1.650-1.750 EPS.Parties interested in registering for the company’s conference call can do so using this link.

Western Union (NYSE:WU) last released its quarterly earnings results on Tuesday, February 6th. The credit services provider reported $0.37 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.37. Western Union had a return on equity of 113.63% and a net margin of 14.37%. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the business posted $0.32 earnings per share. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. On average, analysts expect Western Union to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Western Union Stock Performance

Western Union stock opened at $13.30 on Tuesday. The stock has a 50-day simple moving average of $13.38 and a 200 day simple moving average of $12.60. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 5.23. Western Union has a 12-month low of $10.37 and a 12-month high of $14.19. The stock has a market capitalization of $4.53 billion, a price-to-earnings ratio of 7.92, a P/E/G ratio of 4.79 and a beta of 0.85.

Western Union Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.235 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 7.07%. Western Union’s dividend payout ratio is 55.95%.

Insider Transactions at Western Union

In related news, Director Timothy P. Murphy bought 10,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was bought at an average cost of $12.85 per share, for a total transaction of $128,500.00. Following the transaction, the director now owns 56,205 shares of the company’s stock, valued at $722,234.25. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.85% of the company’s stock.

Wall Street Analysts Forecast Growth

WU has been the subject of a number of research analyst reports. Evercore ISI lifted their price target on Western Union from $13.00 to $14.00 and gave the company an “in-line” rating in a report on Tuesday, March 26th. Wolfe Research reissued an “underperform” rating on shares of Western Union in a report on Thursday, January 4th. Barclays boosted their price objective on Western Union from $10.00 to $11.00 and gave the stock an “underweight” rating in a report on Monday, February 12th. Monness Crespi & Hardt initiated coverage on Western Union in a report on Wednesday, March 20th. They set a “neutral” rating for the company. Finally, BMO Capital Markets boosted their price objective on Western Union from $12.00 to $13.00 and gave the stock a “market perform” rating in a report on Wednesday, February 7th. Two equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $13.25.

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.