Western Union Company (The) (WU) Updates FY17 Earnings Guidance
Western Union Company (The) (NYSE:WU) issued an update on its FY17 earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.75-$1.85 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.77.
Western Union Company (NYSE WU) traded down $0.48 during mid-day trading on Friday, hitting $19.50. 1,533,031 shares of the company’s stock traded hands, compared to its average volume of 3,050,000. The stock has a market capitalization of $8.96 billion, a price-to-earnings ratio of 10.85, a price-to-earnings-growth ratio of 2.28 and a beta of 1.01. Western Union Company has a 1-year low of $18.39 and a 1-year high of $22.70. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 5.49.
Western Union Company (The) (NYSE:WU) last released its quarterly earnings results on Thursday, November 2nd. The credit services provider reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.09. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.39 billion. Western Union Company (The) had a net margin of 3.83% and a return on equity of 114.51%. The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.46 earnings per share. sell-side analysts expect that Western Union Company will post 1.76 EPS for the current year.
Several analysts have commented on WU shares. ValuEngine lowered shares of Western Union Company (The) from a buy rating to a hold rating in a research report on Friday, September 1st. Zacks Investment Research downgraded shares of Western Union Company (The) from a buy rating to a hold rating in a report on Thursday, October 5th. Mizuho restated a sell rating and set a $16.00 price objective on shares of Western Union Company (The) in a report on Sunday, October 15th. Jefferies Group LLC restated a hold rating and set a $19.00 price objective on shares of Western Union Company (The) in a report on Thursday, October 12th. Finally, Barclays PLC upped their price objective on shares of Western Union Company (The) from $21.00 to $22.00 and gave the company an underweight rating in a report on Friday, August 4th. Six analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Western Union Company (The) presently has an average rating of Hold and a consensus target price of $19.95.
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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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