Zacks: Brokerages Expect The Western Union Company (WU) Will Announce Quarterly Sales of $1.35 Billion

Wall Street brokerages expect that The Western Union Company (NYSE:WU) will report sales of $1.35 billion for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for The Western Union’s earnings, with the lowest sales estimate coming in at $1.34 billion and the highest estimate coming in at $1.38 billion. The Western Union reported sales of $1.30 billion in the same quarter last year, which indicates a positive year over year growth rate of 3.8%. The firm is expected to announce its next quarterly earnings results on Tuesday, May 1st.

On average, analysts expect that The Western Union will report full year sales of $1.35 billion for the current year, with estimates ranging from $5.66 billion to $5.74 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $5.87 billion per share, with estimates ranging from $5.78 billion to $5.95 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for The Western Union.

The Western Union (NYSE:WU) last posted its earnings results on Tuesday, February 13th. The credit services provider reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.04). The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.40 billion. The Western Union had a negative net margin of 10.09% and a positive return on equity of 206.81%. During the same period last year, the firm earned $0.47 earnings per share.

Several equities analysts have recently weighed in on WU shares. Mizuho raised shares of The Western Union from an “underperform” rating to a “neutral” rating and set a $16.00 target price for the company in a report on Wednesday, February 14th. Goldman Sachs reaffirmed a “sell” rating and set a $17.00 target price on shares of The Western Union in a report on Thursday, December 14th. William Blair reissued a “market perform” rating on shares of The Western Union in a report on Wednesday, February 14th. TheStreet lowered shares of The Western Union from a “b-” rating to a “c-” rating in a report on Tuesday, February 13th. Finally, UBS raised shares of The Western Union to a “neutral” rating in a report on Monday, January 8th. Five equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $19.50.

Shares of NYSE:WU traded down $0.43 during trading on Monday, hitting $18.65. 4,013,952 shares of the stock traded hands, compared to its average volume of 5,353,004. The company has a debt-to-equity ratio of -6.17, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market cap of $8,763.42, a price-to-earnings ratio of 10.36, a price-to-earnings-growth ratio of 2.31 and a beta of 1.02. The Western Union has a 52-week low of $18.38 and a 52-week high of $22.21.

The business also recently declared a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Friday, March 16th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 4.08%. The ex-dividend date was Thursday, March 15th. This is a positive change from The Western Union’s previous quarterly dividend of $0.18. The Western Union’s payout ratio is presently 42.22%.

In other news, EVP Jean Claude Farah sold 50,813 shares of the company’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $21.50, for a total transaction of $1,092,479.50. Following the completion of the sale, the executive vice president now owns 152,362 shares of the company’s stock, valued at $3,275,783. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Amintore Schenkel sold 15,600 shares of the company’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $21.99, for a total transaction of $343,044.00. Following the sale, the insider now directly owns 93,694 shares of the company’s stock, valued at approximately $2,060,331.06. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in WU. Cambridge Investment Research Advisors Inc. boosted its position in shares of The Western Union by 3.9% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 176,543 shares of the credit services provider’s stock valued at $3,356,000 after acquiring an additional 6,620 shares during the last quarter. Xact Kapitalforvaltning AB boosted its position in shares of The Western Union by 5.2% during the 4th quarter. Xact Kapitalforvaltning AB now owns 113,869 shares of the credit services provider’s stock valued at $2,165,000 after acquiring an additional 5,578 shares during the last quarter. Sawtooth Solutions LLC boosted its position in shares of The Western Union by 307.7% during the 4th quarter. Sawtooth Solutions LLC now owns 70,011 shares of the credit services provider’s stock valued at $1,331,000 after acquiring an additional 52,839 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in shares of The Western Union by 38.5% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 35,629 shares of the credit services provider’s stock valued at $677,000 after acquiring an additional 9,900 shares during the last quarter. Finally, Wealthsource Partners LLC boosted its position in shares of The Western Union by 38.0% during the 4th quarter. Wealthsource Partners LLC now owns 14,931 shares of the credit services provider’s stock valued at $284,000 after acquiring an additional 4,114 shares during the last quarter.

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About The Western Union

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 The Western Union (NYSE:WU)

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