Western Union FY2024 EPS Estimate Raised by Zacks Research

The Western Union Company (NYSE:WU - Free Report) - Investment analysts at Zacks Research lifted their FY2024 earnings estimates for shares of Western Union in a research report issued on Wednesday, November 6th. Zacks Research analyst K. Dey now forecasts that the credit services provider will post earnings per share of $1.77 for the year, up from their previous forecast of $1.76. The consensus estimate for Western Union's current full-year earnings is $1.77 per share. Zacks Research also issued estimates for Western Union's Q4 2024 earnings at $0.42 EPS, FY2025 earnings at $1.83 EPS, Q1 2026 earnings at $0.48 EPS, Q2 2026 earnings at $0.50 EPS and FY2026 earnings at $1.94 EPS.

Several other analysts have also recently commented on WU. JPMorgan Chase & Co. dropped their target price on shares of Western Union from $14.00 to $12.00 and set an "underweight" rating for the company in a research report on Tuesday, August 20th. Citigroup reissued a "neutral" rating and issued a $13.00 price target on shares of Western Union in a report on Wednesday, July 17th. UBS Group decreased their target price on Western Union from $13.50 to $12.00 and set a "neutral" rating for the company in a research note on Thursday, October 24th. Royal Bank of Canada cut their price objective on Western Union from $16.00 to $14.00 and set a "sector perform" rating on the stock in a report on Wednesday, July 31st. Finally, StockNews.com upgraded shares of Western Union from a "sell" rating to a "hold" rating in a report on Friday, October 25th. Three analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $12.86.

Western Union Price Performance

Shares of Western Union stock traded down $0.08 during trading on Monday, reaching $10.62. The company's stock had a trading volume of 4,310,559 shares, compared to its average volume of 4,096,915. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 3.96. The stock has a market capitalization of $3.59 billion, a P/E ratio of 5.45, a price-to-earnings-growth ratio of 1.50 and a beta of 0.87. Western Union has a one year low of $10.62 and a one year high of $14.19. The stock has a 50-day moving average price of $11.64 and a two-hundred day moving average price of $12.19.

Western Union (NYSE:WU - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.02. Western Union had a net margin of 16.07% and a return on equity of 120.39%. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the business posted $0.43 earnings per share. The company's quarterly revenue was down 5.6% compared to the same quarter last year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD increased its holdings in Western Union by 7,569.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,905,891 shares of the credit services provider's stock valued at $194,405,000 after purchasing an additional 13,724,584 shares during the period. LSV Asset Management increased its stake in shares of Western Union by 17.7% in the second quarter. LSV Asset Management now owns 9,736,930 shares of the credit services provider's stock valued at $118,985,000 after buying an additional 1,462,853 shares during the period. Millennium Management LLC raised its position in shares of Western Union by 62.8% during the second quarter. Millennium Management LLC now owns 3,730,450 shares of the credit services provider's stock worth $45,586,000 after acquiring an additional 1,439,310 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Western Union by 52.0% in the second quarter. Marshall Wace LLP now owns 3,337,466 shares of the credit services provider's stock worth $40,784,000 after acquiring an additional 1,142,400 shares during the period. Finally, M&G Plc acquired a new stake in Western Union during the 1st quarter valued at approximately $12,051,000. 91.81% of the stock is currently owned by institutional investors and hedge funds.

About Western Union

The Western Union Company provides money movement and payment services worldwide. The company operates through Consumer Money Transfer and Consumer Services segments. The Consumer Money Transfer segment facilitates money transfers for international cross-border and intra-country transfers, primarily through a network of retail agent locations, as well as through websites and mobile devices.