FY2024 EPS Estimates for Western Union Boosted by Analyst

The Western Union Company (NYSE:WU) – Stock analysts at Zacks Research boosted their FY2024 earnings estimates for Western Union in a research report issued to clients and investors on Wednesday, November 6th. Zacks Research analyst K. Dey now forecasts that the credit services provider will post earnings of $1.77 per share for the year, up from their previous estimate 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.

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

A number of other research analysts also recently weighed in on WU. Royal Bank of Canada lowered their price objective on shares of Western Union from $16.00 to $14.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 31st. JPMorgan Chase & Co. lowered their price target on Western Union from $14.00 to $12.00 and set an “underweight” rating on the stock in a report on Tuesday, August 20th. UBS Group dropped their price target on Western Union from $13.50 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, October 24th. Citigroup reiterated a “neutral” rating and set a $13.00 price objective on shares of Western Union in a research report on Wednesday, July 17th. Finally, StockNews.com raised Western Union from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Three equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat.com, Western Union currently has an average rating of “Hold” and an average price target of $12.86.

Western Union Price Performance

WU opened at $10.61 on Monday. The company’s 50-day simple moving average is $11.61 and its two-hundred day simple moving average is $12.17. The company has a debt-to-equity ratio of 3.96, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market capitalization of $3.58 billion, a P/E ratio of 5.39, a P/E/G ratio of 1.50 and a beta of 0.87. Western Union has a 52-week low of $10.51 and a 52-week high of $14.19.

Institutional Trading of Western Union

Institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP raised its stake in Western Union by 52.9% during the 2nd quarter. Quarry LP now owns 2,588 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 895 shares during the period. LRI Investments LLC bought a new stake in shares of Western Union during the first quarter valued at approximately $37,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Western Union by 89.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,226 shares of the credit services provider’s stock worth $39,000 after buying an additional 1,522 shares in the last quarter. Abich Financial Wealth Management LLC lifted its holdings in shares of Western Union by 59.9% in the first quarter. Abich Financial Wealth Management LLC now owns 3,292 shares of the credit services provider’s stock worth $46,000 after buying an additional 1,233 shares in the last quarter. Finally, Tompkins Financial Corp bought a new position in shares of Western Union during the third quarter worth $60,000. 91.81% of the stock is currently owned by institutional investors.

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.