The Western Union (NYSE:WU) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.70-1.80 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.95. The Western Union also updated its FY19 guidance to $1.70-1.80 EPS.
Shares of The Western Union stock traded up $0.73 during trading on Friday, hitting $21.82. 12,614,005 shares of the stock were exchanged, compared to its average volume of 4,188,991. The firm has a market cap of $9.08 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 2.35 and a beta of 0.83. The stock has a fifty day moving average of $20.38. The Western Union has a 1-year low of $16.42 and a 1-year high of $22.27.
The Western Union (NYSE:WU) last posted its quarterly earnings data on Thursday, August 1st. The credit services provider reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.03). The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.34 billion. The Western Union had a net margin of 22.11% and a negative return on equity of 225.47%. The business’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.46 EPS. On average, equities research analysts forecast that The Western Union will post 1.77 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date is Friday, September 13th. The Western Union’s dividend payout ratio is 41.67%.
Several equities analysts have issued reports on WU shares. TheStreet upgraded shares of The Western Union from a c+ rating to a b rating in a research report on Thursday. Zacks Investment Research lowered shares of The Western Union from a hold rating to a sell rating in a research note on Saturday, April 27th. Finally, Northcoast Research lowered shares of The Western Union from a buy rating to a neutral rating in a research note on Wednesday, May 8th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $19.67.
In related news, EVP Richard L. Williams sold 35,686 shares of the firm’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $20.75, for a total transaction of $740,484.50. Following the transaction, the executive vice president now directly owns 130,439 shares of the company’s stock, valued at $2,706,609.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Khalid Fellahi sold 5,178 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $21.00, for a total transaction of $108,738.00. Following the transaction, the insider now directly owns 103,077 shares in the company, valued at $2,164,617. The disclosure for this sale can be found here. Insiders have sold 72,576 shares of company stock worth $1,485,822 over the last three months. 1.33% of the stock is owned by insiders.
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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