Analysts Set Expectations for Western Union Q4 Earnings

The Western Union Company (NYSE:WU) – Research analysts at Northland Capmk dropped their Q4 2024 EPS estimates for Western Union in a research note issued to investors on Thursday, October 24th. Northland Capmk analyst M. Grondahl now anticipates that the credit services provider will post earnings of $0.40 per share for the quarter, down from their prior forecast of $0.42. The consensus estimate for Western Union’s current full-year earnings is $1.76 per share.

Western Union (NYSE:WU) last released its quarterly earnings results on Wednesday, October 23rd. The credit services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. Western Union had a net margin of 13.64% and a return on equity of 123.71%. Western Union’s revenue was down 5.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.43 EPS.

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

Western Union Stock Performance

WU opened at $11.18 on Friday. The business has a 50 day moving average price of $11.85 and a two-hundred day moving average price of $12.36. The company has a debt-to-equity ratio of 5.98, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of 6.86, a price-to-earnings-growth ratio of 1.74 and a beta of 0.86. Western Union has a 1-year low of $10.92 and a 1-year high of $14.19.

Hedge Funds Weigh In On Western Union

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WU. Pallas Capital Advisors LLC acquired a new stake in Western Union during the 3rd quarter valued at $401,000. Insight Folios Inc grew its holdings in shares of Western Union by 11.0% during the third quarter. Insight Folios Inc now owns 466,494 shares of the credit services provider’s stock valued at $5,565,000 after buying an additional 46,087 shares in the last quarter. State of Alaska Department of Revenue raised its position in Western Union by 0.5% during the third quarter. State of Alaska Department of Revenue now owns 238,876 shares of the credit services provider’s stock valued at $2,849,000 after buying an additional 1,205 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in Western Union by 12.1% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 185,573 shares of the credit services provider’s stock worth $2,274,000 after acquiring an additional 20,000 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Western Union by 50.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 43,121 shares of the credit services provider’s stock worth $514,000 after acquiring an additional 14,415 shares during the period. Institutional investors and hedge funds own 91.81% of the company’s stock.

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.