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

Western Union (NYSE:WU) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.700-1.800 for the period, compared to the consensus EPS 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 Down 0.4 %

WU traded down $0.05 during trading on Wednesday, hitting $11.55. The company had a trading volume of 6,056,088 shares, compared to its average volume of 4,031,270. Western Union has a 1-year low of $10.92 and a 1-year high of $14.19. 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 company has a market cap of $3.91 billion, a PE ratio of 6.83, a P/E/G ratio of 1.79 and a beta of 0.86. The business has a 50-day moving average of $11.87 and a 200-day moving average of $12.39.

Western Union (NYSE:WU) last released its 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 the consensus estimate of $1.06 billion. During the same period in the prior year, the business earned $0.51 EPS. The company’s quarterly revenue was down 8.9% on a year-over-year basis. As a group, analysts forecast that Western Union will post 1.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on WU. JPMorgan Chase & Co. cut 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. Citigroup reiterated a “neutral” rating and set a $13.00 price target on shares of Western Union in a research report on Wednesday, July 17th. StockNews.com raised Western Union from a “sell” rating to a “hold” rating in a report on Thursday, August 29th. Finally, Royal Bank of Canada cut 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 note on Wednesday, July 31st. Three analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $13.00.

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.