Western Union (WU) Set to Announce Quarterly Earnings on Wednesday

Western Union (NYSE:WU) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, October 23rd. Analysts expect the company to announce earnings of $0.44 per share for the quarter. Western Union has set its FY24 guidance at $1.70-1.80 EPS and its FY 2024 guidance at 1.700-1.800 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Western Union (NYSE:WU) last announced its earnings results on Tuesday, July 30th. The credit services provider reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.01). Western Union had a return on equity of 123.71% and a net margin of 13.64%. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter last year, the firm posted $0.51 earnings per share. The firm’s revenue was down 8.9% on a year-over-year basis. On average, analysts expect Western Union to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Western Union Price Performance

Shares of Western Union stock opened at $11.75 on Wednesday. Western Union has a 12 month low of $10.92 and a 12 month high of $14.19. The firm has a market capitalization of $3.98 billion, a PE ratio of 6.95, a price-to-earnings-growth ratio of 1.75 and a beta of 0.86. The business’s 50-day moving average price is $11.85 and its 200-day moving average price is $12.46. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 5.98.

Western Union Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 8.00%. The ex-dividend date of this dividend was Monday, September 16th. Western Union’s dividend payout ratio is presently 55.62%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Royal Bank of Canada decreased their price objective 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. StockNews.com upgraded Western Union from a “sell” rating to a “hold” rating in a research report on Thursday, August 29th. Citigroup reissued a “neutral” rating and set a $13.00 price objective on shares of Western Union in a research report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Western Union from $14.00 to $12.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 20th. Three investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $13.14.

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.