The Western Union (NYSE:WU) Announces Earnings Results

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The Western Union (NYSE:WU) issued its quarterly earnings data on Monday. The credit services provider reported $0.44 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.44, MarketWatch Earnings reports. The Western Union had a net margin of 12.38% and a negative return on equity of 1,029.12%. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the firm earned $0.44 earnings per share. The firm’s revenue was up 1.7% compared to the same quarter last year.

The Western Union stock opened at $25.86 on Wednesday. The stock’s 50 day moving average price is $25.39 and its two-hundred day moving average price is $23.14. The Western Union has a 52-week low of $17.56 and a 52-week high of $26.61. The stock has a market capitalization of $10.61 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 0.47 and a beta of 0.88.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Wednesday, March 17th were issued a $0.235 dividend. This is an increase from The Western Union’s previous quarterly dividend of $0.23. This represents a $0.94 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date was Tuesday, March 16th. The Western Union’s payout ratio is presently 54.34%.

In other The Western Union news, insider Richard L. Williams sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, March 8th. The stock was sold at an average price of $25.00, for a total transaction of $250,000.00. Following the completion of the sale, the insider now directly owns 142,115 shares of the company’s stock, valued at approximately $3,552,875. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Andrew Summerill sold 2,806 shares of the firm’s stock in a transaction that occurred on Thursday, April 1st. The shares were sold at an average price of $24.75, for a total value of $69,448.50. Insiders have sold a total of 324,677 shares of company stock valued at $7,760,531 in the last 90 days. 1.27% of the stock is currently owned by company insiders.

A number of research firms have weighed in on WU. Morgan Stanley upped their price target on The Western Union from $19.00 to $20.00 and gave the stock an “underweight” rating in a research report on Thursday, February 11th. Barclays boosted their price objective on shares of The Western Union from $20.00 to $23.00 and gave the stock an “underweight” rating in a research note on Tuesday, February 16th. Wells Fargo & Company upgraded shares of The Western Union from an “underweight” rating to an “equal weight” rating and set a $25.00 target price for the company in a research note on Thursday, February 11th. Zacks Investment Research cut The Western Union from a “buy” rating to a “hold” rating and set a $27.00 price objective for the company. in a research report on Tuesday, April 20th. Finally, Citigroup boosted their target price on The Western Union from $24.00 to $25.50 in a report on Thursday, February 11th. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. The Western Union currently has an average rating of “Hold” and a consensus target price of $23.97.

About The Western Union

The Western Union Co is a holding company, which engages in the provision of money transfer and payment services. It operates through the following segments: Consumer-to-Consumer; Business Solutions; and Other. The Consumer-to-Consumer segment facilitates money transfers between two consumers. The Business Solutions segment offers payment and foreign exchange solutions, cross-border, cross-currency transactions, for small and medium size enterprises and other organizations and individuals.

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Earnings History for The Western Union (NYSE:WU)

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