Western Union (NYSE:WU) Announces Earnings Results, Beats Expectations By $0.08 EPS

Western Union (NYSE:WU) released its earnings results on Wednesday. The credit services provider reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.08, FiscalAI reports. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.02 billion. Western Union had a return on equity of 50.89% and a net margin of 9.79%.

Western Union Trading Up 5.7%

Western Union stock traded up $0.35 during trading hours on Wednesday, reaching $6.61. The company had a trading volume of 11,374,562 shares, compared to its average volume of 8,944,030. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.12 and a quick ratio of 1.12. The company has a 50-day moving average price of $6.45 and a 200 day moving average price of $8.04. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 5.37 and a beta of 0.56. Western Union has a 12-month low of $5.87 and a 12-month high of $10.35.

Wall Street Analyst Weigh In

WU has been the topic of several research reports. Royal Bank Of Canada reissued a “sector perform” rating and set a $8.00 price target on shares of Western Union in a research note on Friday, October 2nd. Susquehanna reaffirmed a “neutral” rating and issued a $7.00 price objective on shares of Western Union in a research note on Wednesday, October 14th. Wolfe Research reaffirmed an “underperform” rating and set a $8.00 target price on shares of Western Union in a report on Friday, July 31st. Cantor Fitzgerald decreased their target price on shares of Western Union from $7.00 to $6.00 and set an “underweight” rating on the stock in a research report on Tuesday, September 29th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Western Union from $8.00 to $7.00 and set an “underweight” rating for the company in a research note on Wednesday, October 14th. Seven research analysts have rated the stock with a Hold rating and seven have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Western Union has a consensus rating of “Reduce” and a consensus price target of $7.18.

Western Union Company Profile

Western Union is a global provider of money movement and payment services. Through its branded digital platforms and retail agent network, the company enables consumers to send and receive money, transfer funds between bank accounts and digital wallets, pay bills, and purchase money orders in select markets.

The company serves customers across more than 200 countries and territories, with services available through physical locations as well as its website and mobile application. Its operations connect individuals and businesses across international borders, supporting both cash-based transactions and account-to-account transfers.

Western Union traces its origins to 1851, when it was established as a telegraph company before expanding into money transfer and payment services.