Western Union (WU) to Release Quarterly Earnings on Wednesday

Western Union (NYSE:WU - Get Free Report) will be issuing its quarterly earnings data after the market closes on Wednesday, October 23rd. Analysts expect the company to announce earnings of $0.44 per share for the quarter. Western Union has set its FY24 guidance at $1.70-1.80 EPS and its FY 2024 guidance at 1.700-1.800 EPS.Individual that are interested in participating in the company's earnings conference call can do so using this link.

Western Union (NYSE:WU - Get Free Report) last announced its earnings results on Tuesday, July 30th. The credit services provider reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.45 by ($0.01). Western Union had a return on equity of 123.71% and a net margin of 13.64%. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the company earned $0.51 EPS. The firm's revenue for the quarter was down 8.9% compared to the same quarter last year. On average, analysts expect Western Union to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Western Union Price Performance

Shares of Western Union stock opened at $11.76 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 5.98. The firm has a fifty day simple moving average of $11.85 and a 200-day simple moving average of $12.46. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of 7.21, a PEG ratio of 1.77 and a beta of 0.86. Western Union has a 1-year low of $10.92 and a 1-year high of $14.19.

Western Union Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 7.99%. The ex-dividend date of this dividend was Monday, September 16th. Western Union's dividend payout ratio (DPR) is 57.67%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Citigroup reissued a "neutral" rating and set a $13.00 price objective on shares of Western Union in a research report on Wednesday, July 17th. Royal Bank of Canada reduced their price objective on Western Union from $16.00 to $14.00 and set a "sector perform" rating for the company in a research report on Wednesday, July 31st. JPMorgan Chase & Co. lowered their price objective on shares of Western Union from $14.00 to $12.00 and set an "underweight" rating on the stock in a research note on Tuesday, August 20th. Finally, StockNews.com upgraded shares of Western Union from a "sell" rating to a "hold" rating in a research note on Thursday, August 29th. Three research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $13.14.

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.