Analysts Expect Western Union Company (The) (WU) Will Post Quarterly Sales of $1.37 Billion

Equities analysts expect Western Union Company (The) (NYSE:WU) to report $1.37 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Western Union Company (The)’s earnings, with the highest sales estimate coming in at $1.39 billion and the lowest estimate coming in at $1.36 billion. Western Union Company (The) posted sales of $1.38 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 0.7%. The business is scheduled to report its next quarterly earnings results after the market closes on Thursday, August 3rd.

According to Zacks, analysts expect that Western Union Company (The) will report full-year sales of $1.37 billion for the current year, with estimates ranging from $5.35 billion to $5.51 billion. For the next year, analysts forecast that the business will post sales of $5.54 billion per share, with estimates ranging from $5.42 billion to $5.71 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Western Union Company (The).

Western Union Company (The) (NYSE:WU) last issued its earnings results on Tuesday, May 2nd. The credit services provider reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by $0.05. Western Union Company (The) had a net margin of 4.22% and a return on equity of 75.64%. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion.

Several analysts recently commented on WU shares. Royal Bank Of Canada reaffirmed a “hold” rating and set a $23.00 price objective on shares of Western Union Company (The) in a research note on Thursday, April 13th. Zacks Investment Research raised Western Union Company (The) from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Tuesday, May 2nd. TheStreet raised Western Union Company (The) from a “c” rating to a “b-” rating in a research note on Tuesday, May 2nd. BidaskClub downgraded Western Union Company (The) from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. Finally, Mizuho began coverage on Western Union Company (The) in a research note on Tuesday, June 27th. They issued an “underperform” rating and a $16.00 price target on the stock. Seven equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $19.93.

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Western Union Company (The) by 1.6% in the first quarter. Vanguard Group Inc. now owns 50,880,461 shares of the credit services provider’s stock worth $1,035,417,000 after buying an additional 795,312 shares in the last quarter. FMR LLC increased its stake in Western Union Company (The) by 0.8% in the first quarter. FMR LLC now owns 40,907,785 shares of the credit services provider’s stock worth $832,474,000 after buying an additional 326,222 shares in the last quarter. BlackRock Inc. increased its stake in Western Union Company (The) by 3,333.4% in the first quarter. BlackRock Inc. now owns 34,492,261 shares of the credit services provider’s stock worth $701,918,000 after buying an additional 33,487,639 shares in the last quarter. State Street Corp increased its stake in Western Union Company (The) by 4.5% in the first quarter. State Street Corp now owns 21,495,712 shares of the credit services provider’s stock worth $437,439,000 after buying an additional 920,224 shares in the last quarter. Finally, Clarkston Capital Partners LLC increased its stake in Western Union Company (The) by 12.6% in the second quarter. Clarkston Capital Partners LLC now owns 8,472,724 shares of the credit services provider’s stock worth $161,405,000 after buying an additional 950,840 shares in the last quarter.

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Shares of Western Union Company (NYSE:WU) traded down 0.10% on Friday, reaching $19.73. The company’s stock had a trading volume of 2,763,215 shares. The company has a market cap of $9.30 billion, a P/E ratio of 41.98 and a beta of 1.19. Western Union Company has a 52-week low of $18.42 and a 52-week high of $22.70. The company has a 50 day moving average price of $19.07 and a 200 day moving average price of $19.62.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date is Thursday, September 14th. Western Union Company (The)’s dividend payout ratio is currently 152.18%.

About Western Union Company (The)

The Western Union Company (Western Union) is a provider of money movement and payment services. The Company operates through three segments: Consumer-to-Consumer, Consumer-to-Business and Business Solutions. The Company’s Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents.

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Earnings History and Estimates for Western Union Company (The) (NYSE:WU)

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