Western Union (NYSE:WU) Releases FY24 Earnings Guidance

Western Union (NYSE:WU) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.70-1.80 for the period, compared to the consensus estimate of $1.70. The company issued revenue guidance of $4.125-4.200 billion, compared to the consensus revenue estimate of $4.13 billion. Western Union also updated its FY 2024 guidance to 1.700-1.800 EPS.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Evercore ISI raised their price target on shares of Western Union from $14.00 to $15.00 and gave the stock an in-line rating in a report on Thursday. Monness Crespi & Hardt started coverage on shares of Western Union in a research note on Wednesday, March 20th. They issued a neutral rating on the stock. William Blair reiterated a market perform rating on shares of Western Union in a research note on Wednesday, February 7th. Wolfe Research reiterated an underperform rating on shares of Western Union in a research note on Thursday, January 4th. Finally, Barclays increased their price objective on shares of Western Union from $10.00 to $11.00 and gave the stock an underweight rating in a research note on Monday, February 12th. Three research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $13.45.

Western Union Trading Up 1.2 %

WU stock traded up $0.16 during trading on Friday, reaching $13.45. 2,187,487 shares of the stock were exchanged, compared to its average volume of 4,450,792. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 5.23. The business has a 50 day moving average price of $13.42 and a 200-day moving average price of $12.61. Western Union has a 1 year low of $10.37 and a 1 year high of $14.19. The firm has a market capitalization of $4.58 billion, a price-to-earnings ratio of 7.86, a P/E/G ratio of 5.00 and a beta of 0.85.

Western Union (NYSE:WU) last announced its quarterly earnings results on Wednesday, April 24th. The credit services provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. Western Union had a net margin of 14.12% and a return on equity of 111.53%. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the business earned $0.43 earnings per share. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, research analysts predict that Western Union will post 1.68 earnings per share for the current year.

Western Union Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 6.99%. The ex-dividend date was Thursday, March 14th. Western Union’s dividend payout ratio (DPR) is currently 55.62%.

Insiders Place Their Bets

In other news, Director Timothy P. Murphy acquired 10,000 shares of the company’s stock in a transaction on Monday, February 26th. The shares were bought at an average cost of $12.85 per share, with a total value of $128,500.00. Following the transaction, the director now owns 56,205 shares in the company, valued at approximately $722,234.25. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.85% of the stock is currently owned by company insiders.

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.