Western Union (NYSE:WU) Announces Earnings Results

Western Union (NYSE:WU) released its earnings results on Wednesday. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.02, Briefing.com reports. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. Western Union had a net margin of 13.64% and a return on equity of 123.71%. The business’s revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the business earned $0.43 EPS. Western Union updated its FY24 guidance to $1.70-1.80 EPS and its FY 2024 guidance to 1.700-1.800 EPS.

Western Union Stock Up 0.2 %

NYSE:WU opened at $11.18 on Friday. The company’s 50 day moving average is $11.85 and its two-hundred day moving average is $12.36. The company has a market cap of $3.78 billion, a PE ratio of 6.86, a P/E/G ratio of 1.74 and a beta of 0.86. Western Union has a twelve month low of $10.92 and a twelve month high of $14.19. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 5.98.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WU. StockNews.com raised shares of Western Union from a “sell” rating to a “hold” rating in a research report on Friday. JPMorgan Chase & Co. lowered their target price on Western Union from $14.00 to $12.00 and set an “underweight” rating for the company in a report on Tuesday, August 20th. UBS Group cut their price target on Western Union from $13.50 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday. Royal Bank of Canada lowered their price objective on shares of Western Union from $16.00 to $14.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 31st. Finally, Citigroup restated a “neutral” rating and issued a $13.00 price target on shares of Western Union in a report on Wednesday, July 17th. Three research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $12.86.

About Western Union

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.