The Western Union (NYSE:WU) issued an update on its FY 2018 earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.88-1.95 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.85. The Western Union also updated its FY18 guidance to $1.88-1.95 EPS.
WU stock traded down $0.16 during mid-day trading on Friday, reaching $17.91. 6,902,706 shares of the company traded hands, compared to its average volume of 5,570,801. The firm has a market capitalization of $8.01 billion, a PE ratio of 9.73, a PEG ratio of 2.26 and a beta of 1.01. The Western Union has a 52-week low of $17.40 and a 52-week high of $22.21.
The Western Union (NYSE:WU) last posted its earnings results on Thursday, November 1st. The credit services provider reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.04. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.43 billion. The Western Union had a negative return on equity of 191.92% and a negative net margin of 8.55%. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 EPS. As a group, sell-side analysts expect that The Western Union will post 1.93 EPS for the current fiscal year.
A number of analysts have recently issued reports on WU shares. ValuEngine downgraded The Western Union from a hold rating to a sell rating in a research report on Tuesday, August 7th. Royal Bank of Canada reiterated a hold rating and set a $21.00 price target on shares of The Western Union in a research report on Friday, August 3rd. Zacks Investment Research upgraded The Western Union from a sell rating to a hold rating in a research report on Wednesday, August 8th. Finally, Wolfe Research started coverage on The Western Union in a research report on Tuesday, July 17th. They set an underperform rating for the company. Six analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The Western Union currently has an average rating of Sell and a consensus price target of $18.92.
The Western Union Company Profile
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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