Wall Street analysts forecast that The Western Union Company (NYSE:WU) will post $1.31 billion in sales for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for The Western Union’s earnings. The lowest sales estimate is $1.27 billion and the highest is $1.34 billion. The Western Union posted sales of $1.39 billion during the same quarter last year, which suggests a negative year over year growth rate of 5.8%. The company is expected to issue its next quarterly earnings report on Thursday, November 7th.
On average, analysts expect that The Western Union will report full year sales of $5.33 billion for the current year, with estimates ranging from $5.20 billion to $5.39 billion. For the next fiscal year, analysts expect that the business will report sales of $5.30 billion, with estimates ranging from $5.22 billion to $5.37 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that that provide coverage for The Western Union.
The Western Union (NYSE:WU) last released its earnings results on Thursday, August 1st. The credit services provider reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). The Western Union had a net margin of 14.65% and a negative return on equity of 216.66%. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the firm posted $0.46 EPS. The company’s revenue was down 5.0% on a year-over-year basis.
In related news, EVP Richard L. Williams sold 35,686 shares of the business’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $20.75, for a total transaction of $740,484.50. Following the transaction, the executive vice president now owns 130,439 shares in the company, valued at approximately $2,706,609.25. The sale 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 business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $21.00, for a total value of $108,738.00. Following the transaction, the insider now owns 103,077 shares in the company, valued at approximately $2,164,617. The disclosure for this sale can be found here. In the last three months, insiders sold 72,576 shares of company stock valued at $1,485,822. 1.33% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in WU. Somerset Trust Co purchased a new position in The Western Union during the 1st quarter valued at about $26,000. Signaturefd LLC increased its holdings in The Western Union by 66.5% during the 2nd quarter. Signaturefd LLC now owns 1,300 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 519 shares during the period. Private Ocean LLC purchased a new position in The Western Union during the 2nd quarter valued at about $30,000. Ellis Investment Partners LLC purchased a new position in The Western Union during the 1st quarter valued at about $36,000. Finally, Mcmillion Capital Management Inc. purchased a new position in shares of The Western Union during the 2nd quarter worth approximately $49,000.
NYSE WU opened at $21.82 on Friday. The Western Union has a 1-year low of $16.42 and a 1-year high of $22.27. The firm has a 50-day moving average of $20.38. The company has a market cap of $9.00 billion, a price-to-earnings ratio of 11.36, a PEG ratio of 2.33 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 paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend is Friday, September 13th. The Western Union’s dividend payout ratio (DPR) is presently 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.
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