Western Union Company (The) (WU) Announces Quarterly Earnings Results, Beats Estimates By $0.09 EPS
Western Union Company (The) (NYSE:WU) posted its earnings results on Thursday. The credit services provider reported $0.53 EPS for the quarter, beating the consensus estimate of $0.44 by $0.09, Bloomberg Earnings reports. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion. Western Union Company (The) had a return on equity of 92.41% and a net margin of 3.50%. Western Union Company (The)’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.46 earnings per share. Western Union Company (The) updated its FY17 guidance to $1.75-$1.85 EPS.
Several research firms recently commented on WU. Stifel Nicolaus reissued a “hold” rating and issued a $20.00 target price (up previously from $19.00) on shares of Western Union Company (The) in a report on Wednesday, August 9th. Barclays PLC raised their price objective on Western Union Company (The) from $21.00 to $22.00 and gave the stock an “underweight” rating in a report on Friday, August 4th. Jefferies Group LLC reaffirmed a “hold” rating and set a $19.00 price objective on shares of Western Union Company (The) in a report on Thursday, October 12th. ValuEngine raised Western Union Company (The) from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Mizuho reaffirmed a “sell” rating and set a $16.00 price objective on shares of Western Union Company (The) in a report on Sunday, October 15th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $20.38.
About Western Union Company (The)
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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