Brokers Set Expectations for Western Union FY2024 Earnings

The Western Union Company (NYSE:WU) – Equities research analysts at Zacks Research increased their FY2024 earnings per share (EPS) estimates for shares of Western Union in a research note issued to investors on Wednesday, November 6th. Zacks Research analyst K. Dey now anticipates that the credit services provider will post earnings of $1.77 per share for the year, up from their prior estimate of $1.76. The consensus estimate for Western Union’s current full-year earnings is $1.77 per share. Zacks Research also issued estimates for Western Union’s Q4 2024 earnings at $0.42 EPS, FY2025 earnings at $1.83 EPS, Q1 2026 earnings at $0.48 EPS, Q2 2026 earnings at $0.50 EPS and FY2026 earnings at $1.94 EPS.

Other equities research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. lowered their price target on shares of Western Union from $14.00 to $12.00 and set an “underweight” rating on the stock in a report on Tuesday, August 20th. Citigroup reaffirmed a “neutral” rating and set a $13.00 price target on shares of Western Union in a research report on Wednesday, July 17th. UBS Group decreased their price objective on Western Union from $13.50 to $12.00 and set a “neutral” rating for the company in a report on Thursday, October 24th. StockNews.com upgraded shares of Western Union from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Finally, Royal Bank of Canada lowered their price target on shares of Western Union from $16.00 to $14.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 31st. Three research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to data from MarketBeat, Western Union presently has an average rating of “Hold” and a consensus price target of $12.86.

Western Union Stock Down 0.1 %

Shares of NYSE:WU opened at $10.70 on Monday. The company has a market capitalization of $3.61 billion, a PE ratio of 5.49, a price-to-earnings-growth ratio of 1.50 and a beta of 0.87. Western Union has a 1 year low of $10.63 and a 1 year high of $14.19. The company has a debt-to-equity ratio of 3.96, a current ratio of 1.10 and a quick ratio of 1.10. The business has a fifty day moving average price of $11.64 and a two-hundred day moving average price of $12.19.

Western Union (NYSE:WU) last released its quarterly earnings results on Wednesday, October 23rd. The credit services provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. Western Union had a net margin of 16.07% and a return on equity of 120.39%. The firm’s revenue was down 5.6% on a year-over-year basis. During the same period last year, the firm earned $0.43 earnings per share.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of WU. Quarry LP boosted its stake in Western Union by 52.9% during the second quarter. Quarry LP now owns 2,588 shares of the credit services provider’s stock valued at $32,000 after buying an additional 895 shares during the period. LRI Investments LLC bought a new stake in shares of Western Union during the 1st quarter valued at about $37,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Western Union by 89.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,226 shares of the credit services provider’s stock worth $39,000 after purchasing an additional 1,522 shares in the last quarter. Abich Financial Wealth Management LLC increased its position in shares of Western Union by 59.9% in the first quarter. Abich Financial Wealth Management LLC now owns 3,292 shares of the credit services provider’s stock worth $46,000 after purchasing an additional 1,233 shares during the last quarter. Finally, Tompkins Financial Corp purchased a new stake in Western Union in the third quarter valued at approximately $60,000. 91.81% of the stock is owned by institutional investors.

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.