First Analysis Weighs in on Western Union Company (The)’s Q1 2018 Earnings (WU)
Western Union Company (The) (NYSE:WU) – Stock analysts at First Analysis boosted their Q1 2018 EPS estimates for Western Union in a research report issued on Tuesday. First Analysis analyst L. Berlin now forecasts that the credit services provider will post earnings per share of $0.41 for the quarter, up from their previous forecast of $0.37.
Western Union (NYSE:WU) last issued its earnings results on Thursday, November 2nd. The credit services provider reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.09. Western Union had a net margin of 3.83% and a return on equity of 116.85%. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period in the previous year, the business earned $0.46 EPS. The firm’s revenue was up 5.0% on a year-over-year basis.
Other analysts have also issued reports about the stock. Stifel Nicolaus reiterated a “hold” rating and set a $20.00 target price (up from $19.00) on shares of Western Union in a research report on Wednesday, August 9th. ValuEngine downgraded shares of Western Union from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Jefferies Group reissued a “hold” rating and set a $19.00 price target on shares of Western Union in a report on Thursday, October 12th. Mizuho reissued a “sell” rating and set a $16.00 price target on shares of Western Union in a report on Sunday, October 15th. Finally, Morgan Stanley lifted their price target on shares of Western Union from $18.00 to $19.00 and gave the company an “underweight” rating in a report on Friday, November 3rd. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $20.14.
Shares of Western Union (WU) traded down $0.01 during trading on Thursday, hitting $19.69. 4,978,200 shares of the stock traded hands, compared to its average volume of 4,210,761. The company has a debt-to-equity ratio of 4.98, a quick ratio of 1.00 and a current ratio of 1.00. Western Union has a 1-year low of $18.39 and a 1-year high of $22.70. The firm has a market cap of $9,050.00, a price-to-earnings ratio of 10.64, a P/E/G ratio of 1.86 and a beta of 1.01.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC raised its stake in shares of Western Union by 2.3% in the second quarter. FMR LLC now owns 41,834,190 shares of the credit services provider’s stock worth $796,941,000 after acquiring an additional 926,405 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Western Union by 0.6% in the third quarter. Bank of New York Mellon Corp now owns 36,024,158 shares of the credit services provider’s stock worth $691,663,000 after acquiring an additional 222,786 shares during the last quarter. Clarkston Capital Partners LLC raised its stake in shares of Western Union by 6.8% in the third quarter. Clarkston Capital Partners LLC now owns 9,044,790 shares of the credit services provider’s stock worth $173,660,000 after acquiring an additional 572,066 shares during the last quarter. LSV Asset Management raised its stake in shares of Western Union by 3.6% in the second quarter. LSV Asset Management now owns 7,263,657 shares of the credit services provider’s stock worth $138,372,000 after acquiring an additional 253,100 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of Western Union by 0.6% during the 2nd quarter. Northern Trust Corp now owns 7,227,131 shares of the credit services provider’s stock worth $137,677,000 after buying an additional 45,302 shares during the period.
In related news, EVP Jean Claude Farah sold 17,518 shares of Western Union stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $20.50, for a total transaction of $359,119.00. Following the completion of the transaction, the executive vice president now directly owns 139,500 shares of the company’s stock, valued at approximately $2,859,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.10% of the company’s stock.
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.
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