Western Union (NYSE:WU) Issues FY24 Earnings Guidance

Western Union (NYSE:WU) updated its FY24 earnings guidance on Wednesday. The company provided EPS guidance of $1.70-1.80 for the period, compared to the consensus EPS estimate of $1.70. The company issued revenue guidance of $4.125-4.200 billion, compared to the consensus revenue estimate of $4.13 billion. Western Union also updated its FY 2024 guidance to 1.700-1.800 EPS.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. BMO Capital Markets increased their price objective on Western Union from $12.00 to $13.00 and gave the stock a market perform rating in a research note on Wednesday, February 7th. Wolfe Research restated an underperform rating on shares of Western Union in a research note on Thursday, January 4th. Monness Crespi & Hardt initiated coverage on Western Union in a research note on Wednesday, March 20th. They issued a neutral rating for the company. Barclays raised their price target on Western Union from $10.00 to $11.00 and gave the company an underweight rating in a report on Monday, February 12th. Finally, JPMorgan Chase & Co. raised their price target on Western Union from $13.00 to $14.00 and gave the company an underweight rating in a report on Thursday. Three research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average target price of $13.45.

Western Union Trading Up 1.2 %

WU traded up $0.16 during midday trading on Friday, reaching $13.45. 2,187,487 shares of the company were exchanged, compared to its average volume of 4,450,792. The stock’s 50-day simple moving average is $13.42 and its 200 day simple moving average is $12.61. Western Union has a one year low of $10.37 and a one year high of $14.19. The stock has a market capitalization of $4.58 billion, a P/E ratio of 7.86, a PEG ratio of 5.00 and a beta of 0.85. The company has a debt-to-equity ratio of 5.23, a quick ratio of 1.03 and a current ratio of 1.03.

Western Union (NYSE:WU) last announced its earnings results on Wednesday, April 24th. The credit services provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. Western Union had a return on equity of 111.53% and a net margin of 14.12%. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the firm earned $0.43 EPS. Western Union’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, analysts forecast that Western Union will post 1.68 earnings per share for the current fiscal year.

Western Union Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 6.99%. The ex-dividend date was Thursday, March 14th. Western Union’s dividend payout ratio (DPR) is 55.62%.

Insiders Place Their Bets

In related news, Director Timothy P. Murphy purchased 10,000 shares of the stock in a transaction on Monday, February 26th. The shares were purchased at an average price of $12.85 per share, with a total value of $128,500.00. Following the transaction, 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 hyperlink. Insiders own 0.85% of the company’s stock.

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.