Western Union (NYSE:WU) Updates 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 $1.76. The company issued revenue guidance of $4.125-4.200 billion, compared to the consensus revenue estimate of $4.18 billion.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. 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 on the stock in a research note 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 report on Tuesday, August 20th. StockNews.com upgraded shares of Western Union from a “sell” rating to a “hold” rating in a research report on Thursday, August 29th. Finally, Citigroup restated a “neutral” rating and set a $13.00 price objective on shares of Western Union in a research report on Wednesday, July 17th. Three investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat.com, Western Union has an average rating of “Hold” and a consensus price target of $13.00.

Western Union Price Performance

Shares of WU stock traded down $0.05 on Wednesday, hitting $11.55. 5,772,710 shares of the stock traded hands, compared to its average volume of 4,029,891. The firm has a market cap of $3.90 billion, a price-to-earnings ratio of 7.12, a PEG ratio of 1.79 and a beta of 0.86. Western Union has a 52 week low of $10.92 and a 52 week high of $14.19. The firm has a 50 day simple moving average of $11.87 and a two-hundred day simple moving average of $12.39. The company has a debt-to-equity ratio of 5.98, a current ratio of 1.05 and a quick ratio of 1.05.

Western Union (NYSE:WU) last released its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $0.44 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 firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the prior year, the firm posted $0.51 earnings per share. Western Union’s revenue for the quarter was down 8.9% on a year-over-year basis. As a group, equities research analysts predict that Western Union will post 1.77 earnings per share for the current fiscal year.

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.