The Western Union Company (NYSE:WU) hit a new 52-week low during trading on Thursday . The company traded as low as $17.66 and last traded at $17.94, with a volume of 209259 shares. The stock had previously closed at $17.76.
WU has been the subject of a number of analyst reports. Royal Bank of Canada reaffirmed a “hold” rating and set a $21.00 price objective on shares of The Western Union in a research note on Friday, August 3rd. Zacks Investment Research raised The Western Union from a “sell” rating to a “hold” rating in a research note on Wednesday, August 8th. Wolfe Research initiated coverage on The Western Union in a research note on Tuesday, July 17th. They set an “underperform” rating for the company. Finally, ValuEngine cut The Western Union from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th. Six research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The company presently has a consensus rating of “Sell” and an average price target of $18.92.
The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of -7.38. The company has a market cap of $8.52 billion, a PE ratio of 9.96, a PEG ratio of 2.41 and a beta of 0.95.
The Western Union (NYSE:WU) last posted its earnings results on Thursday, August 2nd. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). The Western Union had a negative net margin of 8.05% and a negative return on equity of 560.31%. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the firm posted $0.50 earnings per share. The firm’s revenue was up 2.3% on a year-over-year basis. As a group, equities research analysts anticipate that The Western Union Company will post 1.86 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were paid a $0.19 dividend. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $0.76 dividend on an annualized basis and a yield of 4.24%. The Western Union’s payout ratio is 42.22%.
A number of large investors have recently bought and sold shares of WU. Jupiter Asset Management Ltd. grew its stake in The Western Union by 211.4% in the second quarter. Jupiter Asset Management Ltd. now owns 6,422,000 shares of the credit services provider’s stock valued at $130,559,000 after acquiring an additional 4,360,000 shares during the period. Bank of Montreal Can acquired a new position in The Western Union in the second quarter valued at about $82,670,000. BlackRock Inc. grew its stake in The Western Union by 5.2% in the second quarter. BlackRock Inc. now owns 42,924,736 shares of the credit services provider’s stock valued at $872,659,000 after acquiring an additional 2,103,385 shares during the period. WBI Investments Inc. acquired a new position in The Western Union in the second quarter valued at about $40,412,000. Finally, Worldquant Millennium Quantitative Strategies LLC acquired a new position in The Western Union in the second quarter valued at about $15,446,000.
The Western Union Company Profile (NYSE:WU)
The Western Union Company provides money movement and payment services worldwide. The company operates in two segments, Consumer-to-Consumer and Business Solutions. The Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents. This segment offers international cross-border transfers and intra-country transfers, as well as money transfer transactions through Websites and mobile devices.
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