FY2018 Earnings Forecast for Western Union Company (The) (WU) Issued By Northcoast Research

Western Union Company (The) (NYSE:WU) – Analysts at Northcoast Research increased their FY2018 earnings estimates for Western Union Company (The) in a research note issued on Friday. Northcoast Research analyst K. Mehta now anticipates that the credit services provider will post earnings per share of $1.90 for the year, up from their prior forecast of $1.85.

A number of other brokerages also recently weighed in on WU. TheStreet raised shares of Western Union Company (The) from a “c” rating to a “b-” rating in a report on Tuesday, May 2nd. BidaskClub downgraded shares of Western Union Company (The) from a “hold” rating to a “sell” rating in a report on Friday, June 9th. Zacks Investment Research raised shares of Western Union Company (The) from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Tuesday, May 2nd. Royal Bank Of Canada reaffirmed a “hold” rating and set a $23.00 price objective on shares of Western Union Company (The) in a report on Thursday, April 13th. Finally, Barclays PLC upped their price objective on shares of Western Union Company (The) from $21.00 to $22.00 and gave the company an “underweight” rating in a report on Friday, August 4th. Six research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. Western Union Company (The) currently has a consensus rating of “Hold” and an average target price of $20.27.

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Western Union Company (WU) traded down 0.21% during midday trading on Monday, hitting $19.26. 1,035,810 shares of the company traded hands. Western Union Company has a 12-month low of $18.42 and a 12-month high of $22.70. The stock’s 50-day moving average is $19.12 and its 200-day moving average is $19.60. The firm has a market capitalization of $9.08 billion, a PE ratio of 41.78 and a beta of 1.19.

Western Union Company (The) (NYSE:WU) last released its quarterly earnings data on Thursday, August 3rd. The credit services provider reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.08. Western Union Company (The) had a net margin of 3.50% and a return on equity of 92.41%. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the previous year, the business earned $0.44 EPS. Western Union Company (The)’s quarterly revenue was up .2% compared to the same quarter last year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend is Thursday, September 14th. Western Union Company (The)’s dividend payout ratio is presently 179.49%.

In other news, EVP John David Thompson sold 23,500 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $20.12, for a total transaction of $472,820.00. Following the sale, the executive vice president now directly owns 129,650 shares in the company, valued at $2,608,558. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.10% of the company’s stock.

Several large investors have recently made changes to their positions in WU. Granite Investment Advisors LLC boosted its stake in shares of Western Union Company (The) by 12.5% in the first quarter. Granite Investment Advisors LLC now owns 297,112 shares of the credit services provider’s stock valued at $6,046,000 after buying an additional 33,058 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Western Union Company (The) by 10.8% in the first quarter. Nisa Investment Advisors LLC now owns 126,411 shares of the credit services provider’s stock valued at $2,572,000 after buying an additional 12,310 shares in the last quarter. Coastline Trust Co boosted its stake in shares of Western Union Company (The) by 3.4% in the first quarter. Coastline Trust Co now owns 24,813 shares of the credit services provider’s stock valued at $505,000 after buying an additional 805 shares in the last quarter. DnB Asset Management AS boosted its stake in shares of Western Union Company (The) by 9.1% in the first quarter. DnB Asset Management AS now owns 54,899 shares of the credit services provider’s stock valued at $1,117,000 after buying an additional 4,600 shares in the last quarter. Finally, Telemus Capital LLC boosted its stake in shares of Western Union Company (The) by 16.4% in the first quarter. Telemus Capital LLC now owns 29,786 shares of the credit services provider’s stock valued at $606,000 after buying an additional 4,197 shares in the last quarter.

Western Union Company (The) Company Profile

The Western Union Company (Western Union) is a provider of money movement and payment services. The Company operates through three segments: Consumer-to-Consumer, Consumer-to-Business and Business Solutions. The Company’s Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents.

Earnings History and Estimates for Western Union Company (The) (NYSE:WU)

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