Western Union (NYSE:WU – Get Rating) is scheduled to announce its earnings results after the market closes on Thursday, April 28th. Analysts expect the company to announce earnings of $0.44 per share for the quarter. Western Union has set its FY 2022 guidance at $1.900-$2.000 EPS and its FY22 guidance at $1.90-2.00 EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.
Western Union (NYSE:WU – Get Rating) last posted its quarterly earnings data on Thursday, February 10th. The credit services provider reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.11. Western Union had a net margin of 15.89% and a return on equity of 291.68%. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the firm posted $0.45 EPS. The firm’s revenue was up 1.0% compared to the same quarter last year. On average, analysts expect Western Union to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
NYSE WU opened at $19.40 on Thursday. Western Union has a 52-week low of $15.69 and a 52-week high of $26.61. The company has a debt-to-equity ratio of 8.46, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market capitalization of $7.54 billion, a P/E ratio of 9.85 and a beta of 0.90. The company has a fifty day moving average of $18.65 and a 200-day moving average of $18.49.
Western Union announced that its board has authorized a stock repurchase program on Thursday, February 10th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the credit services provider to repurchase up to 13.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.
Several research firms have weighed in on WU. Morgan Stanley reissued a “sell” rating and issued a $15.50 price target on shares of Western Union in a research note on Friday, March 11th. Bank of America downgraded shares of Western Union from a “buy” rating to an “underperform” rating and lowered their price target for the stock from $25.00 to $20.00 in a research note on Thursday, January 6th. UBS Group started coverage on shares of Western Union in a research note on Thursday, March 31st. They issued a “neutral” rating and a $19.00 price target for the company. StockNews.com started coverage on shares of Western Union in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Zacks Investment Research upgraded shares of Western Union from a “sell” rating to a “hold” rating and set a $20.00 price objective on the stock in a research report on Thursday, April 14th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $20.54.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Autumn Glory Partners LLC purchased a new position in shares of Western Union during the fourth quarter valued at about $187,000. Cetera Investment Advisers purchased a new position in shares of Western Union during the fourth quarter valued at about $261,000. Sequoia Financial Advisors LLC purchased a new position in shares of Western Union during the fourth quarter valued at about $364,000. MML Investors Services LLC increased its position in shares of Western Union by 111.0% during the fourth quarter. MML Investors Services LLC now owns 22,317 shares of the credit services provider’s stock valued at $398,000 after buying an additional 11,740 shares during the period. Finally, Metropolitan Life Insurance Co NY grew its holdings in Western Union by 64.6% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 76,542 shares of the credit services provider’s stock worth $1,366,000 after purchasing an additional 30,046 shares during the period. Institutional investors own 98.88% of the company’s stock.
About Western Union (Get Rating)
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 and sub-agents; and offers international cross-border transfers and intra-country transfers, as well as money transfer transactions through websites and mobile devices.
- Get a free copy of the StockNews.com research report on Western Union (WU)
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