The Western Union (NYSE:WU) Issues FY19 Earnings Guidance

The Western Union (NYSE:WU) updated its FY19 earnings guidance on Thursday. The company provided EPS guidance of $1.70-1.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.78. The Western Union also updated its FY 2019 guidance to $1.70-1.80 EPS.

A number of equities research analysts recently issued reports on the company. Northcoast Research cut The Western Union from a buy rating to a neutral rating in a research note on Wednesday, May 8th. Zacks Investment Research cut The Western Union from a hold rating to a sell rating in a research report on Saturday, April 27th. Finally, TheStreet upgraded The Western Union from a c+ rating to a b rating in a research report on Thursday. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $19.67.

Shares of WU traded up $0.73 during midday trading on Friday, hitting $21.82. 12,614,005 shares of the company traded hands, compared to its average volume of 4,188,991. The stock’s 50-day moving average is $20.38. The Western Union has a one year low of $16.42 and a one year high of $22.27. The firm has a market cap of $9.08 billion, a price-to-earnings ratio of 11.36, a P/E/G ratio of 2.35 and a beta of 0.83.

The Western Union (NYSE:WU) last announced its quarterly earnings results 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 Western Union had a net margin of 22.11% and a negative return on equity of 225.47%. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the company earned $0.46 earnings per share. The company’s quarterly revenue was down 5.0% on a year-over-year basis. On average, equities research analysts anticipate that The Western Union will post 1.77 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.67%. The ex-dividend date is Friday, September 13th. The Western Union’s dividend payout ratio is presently 41.67%.

In related news, insider Jacqueline D. Molnar sold 15,712 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $20.14, for a total value of $316,439.68. Following the transaction, the insider now directly owns 53,771 shares in the company, valued at $1,082,947.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 transaction, the insider now owns 103,077 shares in the company, valued at $2,164,617. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 72,576 shares of company stock worth $1,485,822. Company 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.

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

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