Equities analysts expect The Western Union Company (NYSE:WU) to post $0.48 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for The Western Union’s earnings, with the lowest EPS estimate coming in at $0.44 and the highest estimate coming in at $0.62. The Western Union reported earnings per share of $0.46 during the same quarter last year, which suggests a positive year-over-year growth rate of 4.3%. The company is scheduled to report its next quarterly earnings report after the market closes on Thursday, August 1st.
According to Zacks, analysts expect that The Western Union will report full year earnings of $1.80 per share for the current year, with EPS estimates ranging from $1.76 to $1.89. For the next year, analysts anticipate that the company will post earnings of $1.91 per share, with EPS estimates ranging from $1.79 to $1.98. Zacks’ EPS calculations are an average based on a survey of research firms that cover The Western Union.
The Western Union (NYSE:WU) last posted its quarterly earnings data on Tuesday, May 7th. The credit services provider reported $0.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.04). The Western Union had a negative return on equity of 216.66% and a net margin of 14.65%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the prior year, the company earned $0.45 EPS. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year.
In other news, EVP Richard L. Williams sold 35,686 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $20.75, for a total value of $740,484.50. Following the completion of the transaction, the executive vice president now 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 is accessible through this link. Also, insider Khalid Fellahi sold 5,178 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $21.00, for a total value of $108,738.00. Following the completion of the transaction, the insider now directly owns 103,077 shares of the company’s stock, valued at approximately $2,164,617. The disclosure for this sale can be found here. Insiders sold 72,576 shares of company stock valued at $1,485,822 in the last three months. Company insiders own 1.33% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in shares of The Western Union by 3.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,538,937 shares of the credit services provider’s stock valued at $43,316,000 after buying an additional 78,336 shares during the last quarter. Stifel Financial Corp grew its position in The Western Union by 20.4% in the 4th quarter. Stifel Financial Corp now owns 75,264 shares of the credit services provider’s stock worth $1,285,000 after purchasing an additional 12,734 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new position in The Western Union in the 4th quarter worth about $205,000. Public Employees Retirement System of Ohio grew its position in The Western Union by 6.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 168,695 shares of the credit services provider’s stock worth $2,878,000 after purchasing an additional 10,761 shares during the last quarter. Finally, Actinver Wealth Management Inc. bought a new position in The Western Union in the 4th quarter worth about $174,000.
WU traded up $0.09 on Thursday, hitting $21.09. 8,407,423 shares of the stock were exchanged, compared to its average volume of 5,681,220. The Western Union has a 12 month low of $16.42 and a 12 month high of $21.25. The company has a 50-day moving average of $20.34. The firm has a market capitalization of $9.04 billion, a price-to-earnings ratio of 10.98, a price-to-earnings-growth ratio of 2.35 and a beta of 0.82.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a $0.20 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.79%. The Western Union’s dividend payout ratio (DPR) is currently 41.67%.
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.
See Also: Diluted Earnings Per Share
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