Western Union (NYSE:WU) Issues FY24 Earnings Guidance

Western Union (NYSE:WU) updated its FY24 earnings guidance on Wednesday. The company provided EPS guidance of $1.70-1.80 for the period, compared to the consensus EPS estimate of $1.70. The company issued revenue guidance of $4.125-4.200 billion, compared to the consensus revenue estimate of $4.13 billion.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. BMO Capital Markets boosted their price target on Western Union from $12.00 to $13.00 and gave the company a market perform rating in a research note on Wednesday, February 7th. Wolfe Research reiterated an underperform rating on shares of Western Union in a research note on Thursday, January 4th. William Blair reiterated a market perform rating on shares of Western Union in a research note on Wednesday, February 7th. Monness Crespi & Hardt initiated coverage on Western Union in a research note on Wednesday, March 20th. They set a neutral rating for the company. Finally, Barclays upped their price target on Western Union from $10.00 to $11.00 and gave the stock an underweight rating in a research note on Monday, February 12th. Two equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $13.25.

Western Union Trading Up 1.4 %

Western Union stock traded up $0.19 during mid-day trading on Wednesday, hitting $13.59. The company’s stock had a trading volume of 5,718,971 shares, compared to its average volume of 4,438,921. The company has a 50 day moving average of $13.40 and a 200-day moving average of $12.60. The stock has a market cap of $4.63 billion, a PE ratio of 7.97, a P/E/G ratio of 4.89 and a beta of 0.85. The company has a debt-to-equity ratio of 5.23, a quick ratio of 1.03 and a current ratio of 1.03. Western Union has a one year low of $10.37 and a one year high of $14.19.

Western Union (NYSE:WU) last announced its quarterly earnings data on Wednesday, April 24th. The credit services provider reported $0.45 EPS for the quarter, beating the consensus estimate of $0.41 by $0.04. Western Union had a return on equity of 113.63% and a net margin of 14.37%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the company posted $0.43 EPS. Western Union’s quarterly revenue was up 1.2% on a year-over-year basis. On average, research analysts anticipate that Western Union will post 1.68 EPS for the current year.

Western Union Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 6.92%. The ex-dividend date was Thursday, March 14th. Western Union’s payout ratio is 55.95%.

Insider Transactions at Western Union

In other news, Director Timothy P. Murphy purchased 10,000 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were acquired at an average price of $12.85 per share, with a total value of $128,500.00. Following the transaction, the director now owns 56,205 shares of the company’s stock, valued at $722,234.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.85% of the company’s stock.

Western Union Company Profile

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.