Western Union (NYSE:WU) Releases FY 2024 Earnings Guidance

Western Union (NYSE:WU) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 1.700-1.800 for the period, compared to the consensus estimate of 1.700. The company issued revenue guidance of $4.2 billion-$4.2 billion, compared to the consensus revenue estimate of $4.1 billion. Western Union also updated its FY24 guidance to $1.70-1.80 EPS.

Analyst Ratings Changes

Several research analysts have weighed in on the company. William Blair reiterated a market perform rating on shares of Western Union in a report on Wednesday, February 7th. Barclays boosted their price target on Western Union from $10.00 to $11.00 and gave the stock an underweight rating in a research report on Monday, February 12th. BMO Capital Markets boosted their price target on Western Union from $12.00 to $13.00 and gave the stock a market perform rating in a research report on Wednesday, February 7th. Wolfe Research reissued an underperform rating on shares of Western Union in a research report on Thursday, January 4th. Finally, Evercore ISI boosted their price objective on Western Union from $13.00 to $14.00 and gave the stock an in-line rating in a report on Tuesday, March 26th. Two investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. Based on data from MarketBeat.com, Western Union presently has a consensus rating of Hold and an average target price of $13.25.

Western Union Price Performance

Shares of WU stock traded up $0.19 during trading on Wednesday, hitting $13.59. The company had a trading volume of 5,713,791 shares, compared to its average volume of 4,439,084. The company has a debt-to-equity ratio of 5.23, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $4.63 billion, a P/E ratio of 8.09, a price-to-earnings-growth ratio of 4.89 and a beta of 0.85. The stock’s 50-day moving average price is $13.42 and its 200 day moving average price is $12.61. Western Union has a one year low of $10.37 and a one year high of $14.19.

Western Union (NYSE:WU) last issued its quarterly earnings results on Wednesday, April 24th. The credit services provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.04. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Western Union had a return on equity of 113.63% and a net margin of 14.37%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.43 earnings per share. Equities analysts expect that Western Union will post 1.68 EPS for the current fiscal year.

Western Union Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.235 dividend. This represents a $0.94 annualized dividend and a dividend yield of 6.92%. The ex-dividend date was Thursday, March 14th. Western Union’s dividend payout ratio (DPR) is currently 55.95%.

Insider Activity at Western Union

In other Western Union news, Director Timothy P. Murphy bought 10,000 shares of the business’s stock in a transaction on Monday, February 26th. The stock was purchased at an average cost of $12.85 per share, for a total transaction of $128,500.00. Following the completion of the purchase, the director now directly owns 56,205 shares of the company’s stock, valued at $722,234.25. The acquisition was disclosed in a filing with the SEC, which is available at this link. 0.85% of the stock is currently owned by corporate insiders.

Western Union Company Profile

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.