Zacks: Brokerages Expect Western Union Company (The) (WU) Will Announce Quarterly Sales of $1.40 Billion

Wall Street brokerages expect Western Union Company (The) (NYSE:WU) to announce $1.40 billion in sales for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Western Union Company (The)’s earnings, with estimates ranging from $1.38 billion to $1.43 billion. Western Union Company (The) posted sales of $1.37 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 2.2%. The company is expected to issue its next quarterly earnings report on Thursday, February 8th.

According to Zacks, analysts expect that Western Union Company (The) will report full-year sales of $1.40 billion for the current financial year, with estimates ranging from $5.46 billion to $5.51 billion. For the next year, analysts expect that the company will report sales of $5.59 billion per share, with estimates ranging from $5.54 billion to $5.68 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Western Union Company (The).

Western Union Company (The) (NYSE:WU) last announced its quarterly earnings data on Thursday, November 2nd. The credit services provider reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.09. Western Union Company (The) had a return on equity of 116.85% and a net margin of 3.83%. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period last year, the company posted $0.46 EPS. The business’s quarterly revenue was up 5.0% compared to the same quarter last year.

A number of equities research analysts have commented on WU shares. ValuEngine lowered Western Union Company (The) from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research downgraded Western Union Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Citigroup Inc. raised their price target on Western Union Company (The) from $17.00 to $17.50 and gave the stock a “sell” rating in a research note on Friday, November 3rd. Mizuho reaffirmed a “sell” rating and set a $16.00 price target on shares of Western Union Company (The) in a research note on Sunday, October 15th. Finally, Morgan Stanley raised their price target on Western Union Company (The) from $18.00 to $19.00 and gave the stock an “underweight” rating in a research note on Friday, November 3rd. Six analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $20.14.

In related news, EVP Jean Claude Farah sold 17,518 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $20.50, for a total value of $359,119.00. Following 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the stock. FMR LLC increased its position in Western Union Company (The) by 2.3% in the 2nd quarter. FMR LLC now owns 41,834,190 shares of the credit services provider’s stock worth $796,941,000 after buying an additional 926,405 shares during the period. Bank of New York Mellon Corp increased its position in Western Union Company (The) by 0.6% in the 3rd 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 buying an additional 222,786 shares during the period. Clarkston Capital Partners LLC increased its position in Western Union Company (The) by 6.8% in the 3rd quarter. Clarkston Capital Partners LLC now owns 9,044,790 shares of the credit services provider’s stock worth $173,660,000 after buying an additional 572,066 shares during the period. LSV Asset Management increased its position in Western Union Company (The) by 3.6% in the 2nd quarter. LSV Asset Management now owns 7,263,657 shares of the credit services provider’s stock worth $138,372,000 after buying an additional 253,100 shares during the period. Finally, Northern Trust Corp increased its position in Western Union Company (The) by 0.6% in 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.

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Shares of Western Union Company (WU) traded down $0.09 during midday trading on Friday, reaching $19.68. The company’s stock had a trading volume of 2,460,000 shares, compared to its average volume of 3,755,593. Western Union Company has a 12-month low of $18.39 and a 12-month high of $22.70. The firm has a market cap of $9,038.87, a price-to-earnings ratio of 10.64, a PEG ratio of 1.86 and a beta of 1.01. The company has a debt-to-equity ratio of 4.98, a current ratio of 1.00 and a quick ratio of 1.00.

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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Earnings History and Estimates for Western Union Company (The) (NYSE:WU)

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