Western Union (NYSE:WU) Updates FY 2024 Earnings Guidance

Western Union (NYSE:WU) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 1.700-1.800 for the period, compared to the consensus estimate of 1.760. The company issued revenue guidance of $4.2 billion-$4.2 billion, compared to the consensus revenue estimate of $4.2 billion. Western Union also updated its FY24 guidance to $1.70-1.80 EPS.

Western Union Stock Performance

WU traded up $0.06 on Friday, reaching $11.22. The stock had a trading volume of 3,283,690 shares, compared to its average volume of 4,059,814. The business’s 50-day moving average price is $11.86 and its two-hundred day moving average price is $12.38. The company has a market cap of $3.79 billion, a P/E ratio of 6.85, a price-to-earnings-growth ratio of 1.74 and a beta of 0.86. Western Union has a 12-month low of $10.92 and a 12-month high of $14.19. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 5.98.

Western Union (NYSE:WU) last announced its earnings results on Wednesday, October 23rd. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. Western Union had a return on equity of 123.71% and a net margin of 13.64%. The business’s revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 EPS. Sell-side analysts forecast that Western Union will post 1.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on WU shares. JPMorgan Chase & Co. lowered their price objective on Western Union from $14.00 to $12.00 and set an “underweight” rating on the stock in a report on Tuesday, August 20th. Citigroup reissued a “neutral” rating and issued a $13.00 price objective on shares of Western Union in a research note on Wednesday, July 17th. Royal Bank of Canada dropped their target price on shares of Western Union from $16.00 to $14.00 and set a “sector perform” rating for the company in a report on Wednesday, July 31st. StockNews.com upgraded shares of Western Union from a “sell” rating to a “hold” rating in a research report on Thursday, August 29th. Finally, UBS Group cut their price objective on shares of Western Union from $13.50 to $12.00 and set a “neutral” rating for the company in a report on Thursday. Three investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $12.86.

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.