SunTrust Banks Weighs in on Western Union Company (The)’s Q3 2017 Earnings (NYSE:WU)

Western Union Company (The) (NYSE:WU) – SunTrust Banks lowered their Q3 2017 earnings estimates for Western Union Company (The) in a note issued to investors on Thursday. SunTrust Banks analyst A. Jeffrey now forecasts that the credit services provider will earn $0.45 per share for the quarter, down from their prior estimate of $0.46. SunTrust Banks also issued estimates for Western Union Company (The)’s Q4 2017 earnings at $0.43 EPS.

Western Union Company (The) (NYSE:WU) last issued its quarterly earnings results 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 return on equity of 92.41% and a net margin of 3.50%. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same period last year, the firm earned $0.44 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. COPYRIGHT VIOLATION WARNING: “SunTrust Banks Weighs in on Western Union Company (The)’s Q3 2017 Earnings (NYSE:WU)” was posted by BNB Daily and is the property of of BNB Daily. If you are reading this news story on another website, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be read at https://www.baseball-news-blog.com/2017/08/19/suntrust-banks-weighs-in-on-western-union-company-thes-q3-2017-earnings-nysewu-updated.html.

A number of other research firms also recently weighed in on WU. Zacks Investment Research raised Western Union Company (The) from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Tuesday, May 2nd. 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 research report on Friday, August 4th. TheStreet upgraded shares of Western Union Company (The) from a “c” rating to a “b-” rating in a research report on Tuesday, May 2nd. Royal Bank Of Canada restated a “hold” rating and issued a $23.00 price objective on shares of Western Union Company (The) in a research report on Thursday, April 13th. Finally, BidaskClub cut shares of Western Union Company (The) from a “hold” rating to a “sell” rating in a research report on Friday, June 9th. Six investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. Western Union Company (The) presently has a consensus rating of “Hold” and a consensus price target of $20.29.

Western Union Company (NYSE WU) opened at 19.30 on Monday. The stock’s 50 day moving average price is $19.12 and its 200 day moving average price is $19.60. The firm has a market capitalization of $9.10 billion, a PE ratio of 41.87 and a beta of 1.19. Western Union Company has a 12 month low of $18.42 and a 12 month high of $22.70.

A number of institutional investors have recently added to or reduced their stakes in the company. Whittier Trust Co. boosted its position in Western Union Company (The) by 6.1% in the first quarter. Whittier Trust Co. now owns 4,992 shares of the credit services provider’s stock worth $102,000 after buying an additional 288 shares during the period. Financial Architects Inc boosted its position in Western Union Company (The) by 2.1% in the second quarter. Financial Architects Inc now owns 6,951 shares of the credit services provider’s stock worth $132,000 after buying an additional 144 shares during the period. IFP Advisors Inc boosted its position in Western Union Company (The) by 3.1% in the second quarter. IFP Advisors Inc now owns 7,836 shares of the credit services provider’s stock worth $149,000 after buying an additional 239 shares during the period. Pacer Advisors Inc. boosted its position in Western Union Company (The) by 3.1% in the first quarter. Pacer Advisors Inc. now owns 7,482 shares of the credit services provider’s stock worth $152,000 after buying an additional 224 shares during the period. Finally, Van ECK Associates Corp boosted its position in Western Union Company (The) by 6.8% in the first quarter. Van ECK Associates Corp now owns 7,521 shares of the credit services provider’s stock worth $153,000 after buying an additional 477 shares during the period.

In other Western Union Company (The) news, EVP John David Thompson sold 23,500 shares of the 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 completion of the transaction, the executive vice president now owns 129,650 shares in the company, valued at approximately $2,608,558. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

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

About Western Union Company (The)

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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