Zacks: Brokerages Expect The Western Union Company (WU) Will Post Quarterly Sales of $1.43 Billion

Equities research analysts expect that The Western Union Company (NYSE:WU) will post $1.43 billion in sales for the current fiscal quarter, Zacks reports. Five analysts have made estimates for The Western Union’s earnings, with the highest sales estimate coming in at $1.47 billion and the lowest estimate coming in at $1.38 billion. The Western Union posted sales of $1.44 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 0.7%. The company is expected to announce its next earnings results on Tuesday, February 12th.

According to Zacks, analysts expect that The Western Union will report full year sales of $5.64 billion for the current financial year, with estimates ranging from $5.57 billion to $5.75 billion. For the next year, analysts expect that the business will report sales of $5.78 billion, with estimates ranging from $5.60 billion to $5.94 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for The Western Union.

The Western Union (NYSE:WU) last issued its earnings results on Thursday, November 1st. The credit services provider reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.04. The Western Union had a negative net margin of 8.55% and a negative return on equity of 194.60%. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the business posted $0.53 earnings per share. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year.

Several research analysts have weighed in on WU shares. Royal Bank of Canada restated a “hold” rating and set a $21.00 target price on shares of The Western Union in a research report on Friday, August 3rd. Wells Fargo & Co downgraded shares of The Western Union from an “outperform” rating to a “market perform” rating and set a $20.00 price objective on the stock. in a research note on Tuesday, November 6th. Zacks Investment Research downgraded shares of The Western Union from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. ValuEngine downgraded shares of The Western Union from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th. Finally, Barclays began coverage on shares of The Western Union in a research note on Wednesday, November 14th. They set an “underweight” rating and a $18.00 price objective on the stock. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The Western Union currently has a consensus rating of “Hold” and a consensus price target of $18.83.

In other The Western Union news, EVP Sheri Rhodes sold 2,175 shares of the stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $19.02, for a total transaction of $41,368.50. Following the transaction, the executive vice president now owns 51,775 shares of the company’s stock, valued at $984,760.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Large investors have recently bought and sold shares of the business. Exane Derivatives raised its stake in The Western Union by 40.6% during the third quarter. Exane Derivatives now owns 192,069 shares of the credit services provider’s stock worth $3,660,000 after purchasing an additional 55,449 shares during the period. Swiss National Bank raised its stake in The Western Union by 2.6% during the second quarter. Swiss National Bank now owns 1,519,524 shares of the credit services provider’s stock worth $30,892,000 after purchasing an additional 39,000 shares during the period. Natixis raised its stake in The Western Union by 210.4% during the second quarter. Natixis now owns 847,306 shares of the credit services provider’s stock worth $17,226,000 after purchasing an additional 574,322 shares during the period. First Hawaiian Bank purchased a new position in The Western Union during the third quarter worth approximately $385,000. Finally, Jane Street Group LLC raised its stake in The Western Union by 391.0% during the second quarter. Jane Street Group LLC now owns 50,152 shares of the credit services provider’s stock worth $1,020,000 after purchasing an additional 39,938 shares during the period.

WU traded up $0.05 on Friday, hitting $18.73. 6,864,510 shares of the company were exchanged, compared to its average volume of 4,959,733. The Western Union has a fifty-two week low of $17.40 and a fifty-two week high of $22.21. The firm has a market capitalization of $8.27 billion, a P/E ratio of 10.41, a PEG ratio of 2.28 and a beta of 1.01.

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

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