The Western Union Company (NYSE:WU) has earned a consensus rating of “Hold” from the eight analysts that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $19.67.
A number of brokerages have issued reports on WU. Northcoast Research cut shares of The Western Union from a “buy” rating to a “neutral” rating in a report on Wednesday, May 8th. Zacks Investment Research cut shares of The Western Union from a “hold” rating to a “sell” rating in a report on Saturday, April 27th. Finally, ValuEngine raised shares of The Western Union from a “sell” rating to a “hold” rating in a report on Friday, March 22nd.
NYSE WU remained flat at $$19.47 during trading hours on Thursday. 5,293,179 shares of the company traded hands, compared to its average volume of 5,967,480. The stock has a market capitalization of $8.36 billion, a PE ratio of 10.14, a P/E/G ratio of 3.19 and a beta of 0.91. The Western Union has a 52-week low of $16.42 and a 52-week high of $21.37.
The Western Union (NYSE:WU) last posted its quarterly earnings results on Tuesday, May 7th. The credit services provider reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.36 billion. The Western Union had a negative return on equity of 216.66% and a net margin of 14.65%. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.45 earnings per share. On average, analysts expect that The Western Union will post 1.8 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.80 dividend on an annualized basis and a yield of 4.11%. The Western Union’s dividend payout ratio (DPR) is presently 41.67%.
A number of institutional investors have recently modified their holdings of the business. Cleararc Capital Inc. purchased a new position in The Western Union in the first quarter valued at about $195,000. Horizon Investments LLC increased its holdings in The Western Union by 20.2% in the first quarter. Horizon Investments LLC now owns 159,339 shares of the credit services provider’s stock valued at $2,943,000 after buying an additional 26,779 shares in the last quarter. Redwood Investment Management LLC acquired a new stake in shares of The Western Union in the first quarter valued at approximately $279,000. Jane Street Group LLC acquired a new stake in shares of The Western Union in the first quarter valued at approximately $356,000. Finally, CWM Advisors LLC grew its position in shares of The Western Union by 61.6% in the first quarter. CWM Advisors LLC now owns 24,648 shares of the credit services provider’s stock valued at $455,000 after purchasing an additional 9,393 shares during the last quarter.
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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