The Western Union (NYSE:WU) Releases FY 2019 Earnings Guidance

The Western Union (NYSE:WU) updated its FY 2019 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.70-1.80 for the period, compared to the Thomson Reuters consensus estimate of $1.95. The Western Union also updated its FY19 guidance to $1.70-1.80 EPS.

A number of analysts recently weighed in on the stock. 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. Northcoast Research lowered shares of The Western Union from a buy rating to a neutral rating in a research note on Wednesday, May 8th. Finally, TheStreet upgraded shares of The Western Union from a c+ rating to a b rating in a research note on Thursday. Two 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 Hold and an average price target of $20.00.

Shares of WU stock traded up $0.73 during trading hours on Friday, hitting $21.82. The stock had a trading volume of 12,614,005 shares, compared to its average volume of 3,743,422. The company has a market capitalization of $9.04 billion, a price-to-earnings ratio of 11.36, a PEG ratio of 2.34 and a beta of 0.83. The Western Union has a twelve month low of $16.42 and a twelve month high of $22.27. The stock has a 50 day moving average price of $20.38.

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 for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.03). The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. The Western Union had a net margin of 14.65% and a negative return on equity of 216.66%. The Western Union’s revenue was down 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.46 earnings per share. As a group, equities research analysts forecast that The Western Union will post 1.8 earnings per share for the current fiscal year.

The company also recently disclosed 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. This represents a $0.80 annualized dividend and a dividend yield of 3.67%. The ex-dividend date of this dividend is Friday, September 13th. The Western Union’s payout ratio is currently 41.67%.

In other news, insider Khalid Fellahi sold 5,178 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $21.00, for a total transaction of $108,738.00. Following the completion of the sale, the insider now owns 103,077 shares in the company, valued at $2,164,617. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the executive vice president now owns 130,439 shares of the company’s stock, valued at approximately $2,706,609.25. The disclosure for this sale can be found here. Insiders sold 72,576 shares of company stock valued at $1,485,822 over the last three months. Corporate insiders own 1.33% of the company’s stock.

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.

Read More: When can a hold rating present a buying opportunity?

Earnings History and Estimates for The Western Union (NYSE:WU)

Receive News & Ratings for The Western Union Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Western Union and related companies with MarketBeat.com's FREE daily email newsletter.