The Western Union Company (WU) Expected to Announce Quarterly Sales of $1.35 Billion

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Equities analysts expect that The Western Union Company (NYSE:WU) will post sales of $1.35 billion for the current quarter, according to Zacks. Five analysts have issued estimates for The Western Union’s earnings. The highest sales estimate is $1.37 billion and the lowest is $1.31 billion. The Western Union posted sales of $1.39 billion in the same quarter last year, which would indicate a negative year over year growth rate of 2.9%. The firm is expected to report its next earnings report after the market closes on Tuesday, May 7th.

According to Zacks, analysts expect that The Western Union will report full year sales of $5.63 billion for the current year, with estimates ranging from $5.54 billion to $5.75 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $5.75 billion, with estimates ranging from $5.71 billion to $5.86 billion. Zacks’ sales averages are an average based on a survey of analysts that cover The Western Union.

The Western Union (NYSE:WU) last issued its quarterly earnings data on Thursday, February 7th. The credit services provider reported $0.49 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.49. The Western Union had a negative return on equity of 225.33% and a net margin of 15.24%. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the previous year, the firm posted $0.47 earnings per share. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis.

Several equities research analysts have weighed in on WU shares. Zacks Investment Research cut The Western Union from a “buy” rating to a “hold” rating in a research note on Saturday, January 12th. ValuEngine raised The Western Union from a “sell” rating to a “hold” rating in a research note on Friday, March 22nd. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $20.00.

NYSE WU traded up $0.07 during trading hours on Thursday, hitting $19.24. 5,220,400 shares of the company were exchanged, compared to its average volume of 5,886,207. The Western Union has a 52 week low of $16.42 and a 52 week high of $21.37. The stock has a market capitalization of $8.33 billion, a P/E ratio of 10.02, a PEG ratio of 2.81 and a beta of 0.90.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $0.20 per share. This is a boost from The Western Union’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 4.16%. The ex-dividend date was Thursday, March 14th. The Western Union’s payout ratio is presently 41.67%.

In other The Western Union news, CFO Rajesh K. Agrawal sold 21,950 shares of the business’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $18.35, for a total transaction of $402,782.50. Following the sale, the chief financial officer now directly owns 266,009 shares of the company’s stock, valued at $4,881,265.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Somerset Trust Co bought a new position in shares of The Western Union during the first quarter valued at approximately $26,000. Ffcm LLC grew its stake in shares of The Western Union by 50.0% during the fourth quarter. Ffcm LLC now owns 1,695 shares of the credit services provider’s stock valued at $29,000 after buying an additional 565 shares during the last quarter. Valeo Financial Advisors LLC grew its stake in shares of The Western Union by 76.0% during the fourth quarter. Valeo Financial Advisors LLC now owns 1,853 shares of the credit services provider’s stock valued at $32,000 after buying an additional 800 shares during the last quarter. Legacy Financial Advisors Inc. grew its stake in shares of The Western Union by 252.1% during the fourth quarter. Legacy Financial Advisors Inc. now owns 2,218 shares of the credit services provider’s stock valued at $38,000 after buying an additional 1,588 shares during the last quarter. Finally, Rational Advisors LLC grew its stake in shares of The Western Union by 347.4% during the fourth quarter. Rational Advisors LLC now owns 3,011 shares of the credit services provider’s stock valued at $51,000 after buying an additional 2,338 shares during the last quarter.

The Western Union Company Profile

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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