Western Union (NYSE:WU) Updates FY24 Earnings Guidance

Western Union (NYSE:WU) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.70-1.80 for the period, compared to the consensus EPS 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. Western Union also updated its FY 2024 guidance to 1.700-1.800 EPS.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Citigroup restated a “neutral” rating and set a $13.00 price objective on shares of Western Union in a report on Wednesday, July 17th. StockNews.com raised shares of Western Union from a “sell” rating to a “hold” rating in a report on Thursday, August 29th. JPMorgan Chase & Co. dropped their price objective on Western Union from $14.00 to $12.00 and set an “underweight” rating on the stock in a research note on Tuesday, August 20th. Finally, Royal Bank of Canada decreased their target price on Western Union from $16.00 to $14.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 31st. Three investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $13.00.

Western Union Stock Down 0.4 %

NYSE:WU traded down $0.05 on Wednesday, hitting $11.55. 6,056,088 shares of the company’s stock were exchanged, compared to its average volume of 4,031,270. The company has a debt-to-equity ratio of 5.98, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a 50-day moving average price of $11.87 and a 200-day moving average price of $12.39. The company has a market cap of $3.90 billion, a P/E ratio of 7.09, a price-to-earnings-growth 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.

Western Union (NYSE:WU) last issued its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.01). Western Union had a net margin of 13.64% and a return on equity of 123.71%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period last year, the company posted $0.51 earnings per share. The business’s revenue for the quarter was down 8.9% on a year-over-year basis. As a group, analysts expect that Western Union will post 1.77 EPS for the current fiscal year.

Western Union Company Profile

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.