The Western Union Company (NYSE:WU) declared a quarterly dividend on Wednesday, December 4th, RTT News reports. Stockholders of record on Tuesday, December 17th will be paid a dividend of 0.20 per share by the credit services provider on Tuesday, December 31st. This represents a $0.80 annualized dividend and a dividend yield of 2.97%.
Shares of WU traded up $0.16 on Wednesday, reaching $26.91. The stock had a trading volume of 130,477 shares, compared to its average volume of 7,944,794. The company has a debt-to-equity ratio of 101.99, a quick ratio of 0.96 and a current ratio of 0.96. The Western Union has a 12-month low of $16.42 and a 12-month high of $28.00. The firm has a market capitalization of $11.27 billion, a price-to-earnings ratio of 14.02, a price-to-earnings-growth ratio of 1.24 and a beta of 0.80. The company has a 50-day simple moving average of $26.08 and a 200-day simple moving average of $22.39.
The Western Union (NYSE:WU) last issued its quarterly earnings results on Thursday, October 31st. The credit services provider reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.03. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.31 billion. The Western Union had a negative return on equity of 475.84% and a net margin of 21.07%. The firm’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 earnings per share. On average, analysts expect that The Western Union will post 1.77 EPS for the current fiscal year.
A number of analysts have recently commented on WU shares. Guggenheim cut shares of The Western Union from a “buy” rating to a “neutral” rating in a report on Tuesday, November 12th. They noted that the move was a valuation call. TheStreet lowered shares of The Western Union from a “b” rating to a “c+” rating in a research note on Thursday, October 31st. Citigroup set a $20.50 price objective on shares of The Western Union and gave the stock a “sell” rating in a report on Friday, November 1st. SunTrust Banks raised their target price on shares of The Western Union to $26.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Finally, Bank of America set a $21.00 target price on shares of The Western Union and gave the company a “sell” rating in a report on Friday, November 1st. Six equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $23.35.
About The Western Union
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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