The Western Union Company (NYSE:WU) – Investment analysts at SunTrust Banks dropped their FY2019 earnings per share estimates for The Western Union in a research report issued to clients and investors on Tuesday, May 7th. SunTrust Banks analyst A. Jeffrey now forecasts that the credit services provider will earn $1.82 per share for the year, down from their prior forecast of $1.85. SunTrust Banks also issued estimates for The Western Union’s Q4 2019 earnings at $0.45 EPS and FY2020 earnings at $1.79 EPS.
A number of other equities analysts have also recently issued reports on WU. Northcoast Research cut shares of The Western Union from a “buy” rating to a “neutral” rating in a research note on Wednesday. Zacks Investment Research lowered shares of The Western Union from a “hold” rating to a “sell” rating in a report on Saturday, April 27th. Finally, ValuEngine raised shares of The Western Union from a “sell” rating to a “hold” rating in a report on Friday, March 22nd. Three analysts have rated the stock with a sell rating and five have given a hold rating to the company. The stock has a consensus rating of “Hold” and an average target price of $20.00.
The Western Union (NYSE:WU) last released its earnings results on Tuesday, May 7th. The credit services provider reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.04). The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.36 billion. The Western Union had a net margin of 15.24% and a negative return on equity of 225.33%. The Western Union’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.45 earnings per share.
Hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in The Western Union by 18.2% during the third quarter. JPMorgan Chase & Co. now owns 1,560,493 shares of the credit services provider’s stock worth $29,744,000 after acquiring an additional 239,949 shares in the last quarter. AQR Capital Management LLC bought a new stake in shares of The Western Union during the third quarter worth about $224,000. First Hawaiian Bank grew its holdings in shares of The Western Union by 31.1% during the fourth quarter. First Hawaiian Bank now owns 26,433 shares of the credit services provider’s stock worth $451,000 after purchasing an additional 6,266 shares during the last quarter. Monument Capital Management grew its holdings in shares of The Western Union by 10.4% during the fourth quarter. Monument Capital Management now owns 98,458 shares of the credit services provider’s stock worth $1,680,000 after purchasing an additional 9,251 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in shares of The Western Union during the fourth quarter worth about $682,000.
About The Western Union
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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