Q2 2024 EPS Estimates for The Western Union Company (NYSE:WU) Lowered by Northland Capmk

The Western Union Company (NYSE:WU) – Northland Capmk decreased their Q2 2024 earnings estimates for shares of Western Union in a report issued on Thursday, April 25th. Northland Capmk analyst M. Grondahl now expects that the credit services provider will post earnings per share of $0.45 for the quarter, down from their previous estimate of $0.47. The consensus estimate for Western Union’s current full-year earnings is $1.68 per share. Northland Capmk also issued estimates for Western Union’s Q3 2024 earnings at $0.44 EPS and FY2024 earnings at $1.75 EPS.

Western Union (NYSE:WU) last released its earnings results on Wednesday, April 24th. The credit services provider reported $0.45 EPS for the quarter, beating the consensus estimate of $0.40 by $0.05. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Western Union had a net margin of 14.12% and a return on equity of 111.53%. Western Union’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the company earned $0.43 EPS.

Several other research firms have also weighed in on WU. BMO Capital Markets raised their price objective on shares of Western Union from $12.00 to $13.00 and gave the company a “market perform” rating in a research report on Wednesday, February 7th. Wolfe Research restated an “underperform” rating on shares of Western Union in a research report on Thursday, January 4th. Monness Crespi & Hardt started coverage on shares of Western Union in a report on Wednesday, March 20th. They issued a “neutral” rating for the company. William Blair reiterated a “market perform” rating on shares of Western Union in a report on Wednesday, February 7th. Finally, JPMorgan Chase & Co. raised their target price on shares of Western Union from $13.00 to $14.00 and gave the stock an “underweight” rating in a report on Thursday. Three research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $13.45.

Western Union Stock Performance

NYSE:WU opened at $13.29 on Friday. Western Union has a twelve month low of $10.37 and a twelve month high of $14.19. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 5.23. The company has a 50-day moving average of $13.42 and a 200-day moving average of $12.61. The firm has a market cap of $4.52 billion, a price-to-earnings ratio of 7.86, a price-to-earnings-growth ratio of 5.00 and a beta of 0.85.

Hedge Funds Weigh In On Western Union

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CWM LLC raised its position in shares of Western Union by 59.5% in the third quarter. CWM LLC now owns 11,588 shares of the credit services provider’s stock valued at $153,000 after purchasing an additional 4,324 shares during the period. Ronald Blue Trust Inc. raised its position in shares of Western Union by 134.8% in the third quarter. Ronald Blue Trust Inc. now owns 1,956 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 1,123 shares during the period. SG Americas Securities LLC bought a new position in shares of Western Union in the third quarter valued at approximately $667,000. GHP Investment Advisors Inc. raised its position in shares of Western Union by 92.2% in the third quarter. GHP Investment Advisors Inc. now owns 2,366 shares of the credit services provider’s stock valued at $31,000 after purchasing an additional 1,135 shares during the period. Finally, Edmp Inc. raised its position in shares of Western Union by 7.4% in the third quarter. Edmp Inc. now owns 17,704 shares of the credit services provider’s stock valued at $233,000 after purchasing an additional 1,225 shares during the period. Institutional investors own 91.81% of the company’s stock.

Insider Buying and Selling

In related news, Director Timothy P. Murphy purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was acquired at an average cost of $12.85 per share, for a total transaction of $128,500.00. Following the completion of the acquisition, the director now owns 56,205 shares in the company, valued at approximately $722,234.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.85% of the stock is currently owned by corporate insiders.

Western Union Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 7.07%. The ex-dividend date was Thursday, March 14th. Western Union’s dividend payout ratio is currently 55.62%.

About Western Union

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.