Western Union (NYSE:WU) Releases Earnings Results, Beats Estimates By $0.08 EPS

Western Union (NYSE:WU) issued its quarterly earnings data on Wednesday. The credit services provider reported $0.42 EPS for the quarter, beating the consensus estimate of $0.34 by $0.08, FiscalAI reports. Western Union had a net margin of 9.79% and a return on equity of 50.89%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.02 billion.

Western Union Price Performance

NYSE:WU traded up $0.35 during midday trading on Wednesday, hitting $6.61. The company had a trading volume of 11,374,562 shares, compared to its average volume of 8,944,030. Western Union has a 52-week low of $5.87 and a 52-week high of $10.35. The stock’s fifty day moving average price is $6.45 and its 200-day moving average price is $8.04. The company has a market capitalization of $2.06 billion, a PE ratio of 5.37 and a beta of 0.56. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.95.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Barclays dropped their price objective on Western Union from $7.00 to $6.00 and set an “underweight” rating for the company in a research note on Friday, July 31st. Weiss Ratings cut Western Union from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Citigroup reaffirmed a “neutral” rating on shares of Western Union in a report on Thursday, September 24th. Cantor Fitzgerald dropped their price target on Western Union from $7.00 to $6.00 and set an “underweight” rating for the company in a research report on Tuesday, September 29th. Finally, Wolfe Research reissued an “underperform” rating and set a $8.00 price objective on shares of Western Union in a report on Friday, July 31st. Seven equities research analysts have rated the stock with a Hold rating and seven have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $7.18.

About Western Union

Western Union is a global provider of money movement and payment services. Through its branded digital platforms and retail agent network, the company enables consumers to send and receive money, transfer funds between bank accounts and digital wallets, pay bills, and purchase money orders in select markets.

The company serves customers across more than 200 countries and territories, with services available through physical locations as well as its website and mobile application. Its operations connect individuals and businesses across international borders, supporting both cash-based transactions and account-to-account transfers.

Western Union traces its origins to 1851, when it was established as a telegraph company before expanding into money transfer and payment services.