The Western Union (WU) Issues Quarterly Earnings Results

The Western Union (NYSE:WU) announced its quarterly earnings results on Tuesday. The credit services provider reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.04), Bloomberg Earnings reports. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.40 billion. The Western Union had a negative return on equity of 1,076.71% and a negative net margin of 20.34%. During the same quarter in the prior year, the company earned $0.47 earnings per share. The Western Union updated its FY18 guidance to $1.78-$1.90 EPS.

Shares of The Western Union (WU) opened at $20.30 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 4.98. The Western Union has a 12 month low of $18.39 and a 12 month high of $22.21. The stock has a market capitalization of $9,071.03, a PE ratio of -16.24, a PEG ratio of 1.85 and a beta of 1.05.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 16th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.74%. This is a positive change from The Western Union’s previous quarterly dividend of $0.18. The Western Union’s dividend payout ratio (DPR) is -56.00%.

Several equities research analysts have commented on the company. Mizuho upgraded The Western Union from an “underperform” rating to a “neutral” rating and set a $16.00 price target for the company in a research note on Wednesday. William Blair restated a “market perform” rating on shares of The Western Union in a research note on Wednesday. TheStreet lowered The Western Union from a “b-” rating to a “c-” rating in a research note on Tuesday. Goldman Sachs Group restated a “sell” rating and set a $17.00 price target on shares of The Western Union in a research note on Thursday, December 14th. Finally, Zacks Investment Research lowered The Western Union from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd. Six equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $19.85.

In other news, EVP Jean Claude Farah sold 50,813 shares of the stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $21.50, for a total value of $1,092,479.50. Following the completion of the sale, the executive vice president now owns 152,362 shares in the company, valued at $3,275,783. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Amintore Schenkel sold 15,600 shares of the stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $21.99, for a total value of $343,044.00. Following the completion of the sale, the insider now owns 93,694 shares of the company’s stock, valued at approximately $2,060,331.06. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

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The Western Union Company Profile

The Western Union Company (Western Union) is a provider of money movement and payment services. The Company operates through three segments: Consumer-to-Consumer, Consumer-to-Business and Business Solutions. The Company’s Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents.

Earnings History for The Western Union (NYSE:WU)

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