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%.
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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