The Western Union Company (NYSE:WU) – Investment analysts at SunTrust Banks lifted their Q1 2020 earnings estimates for The Western Union in a research report issued to clients and investors on Tuesday, February 11th. SunTrust Banks analyst A. Jeffrey now expects that the credit services provider will post earnings per share of $0.46 for the quarter, up from their prior estimate of $0.44. SunTrust Banks currently has a “Hold” rating and a $26.00 price target on the stock. SunTrust Banks also issued estimates for The Western Union’s Q3 2020 earnings at $0.50 EPS, Q4 2020 earnings at $0.53 EPS, FY2020 earnings at $1.97 EPS and FY2021 earnings at $2.18 EPS.
The Western Union (NYSE:WU) last posted its quarterly earnings data on Tuesday, February 11th. The credit services provider reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.05). The Western Union had a net margin of 21.07% and a negative return on equity of 475.84%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the company earned $0.49 EPS.
WU has been the topic of several other research reports. Citigroup set a $20.50 price objective on shares of The Western Union and gave the company a “sell” rating in a report on Friday, November 1st. Royal Bank of Canada restated a “hold” rating and set a $28.00 price objective on shares of The Western Union in a report on Monday, January 20th. ValuEngine downgraded shares of The Western Union from a “hold” rating to a “sell” rating in a report on Friday, January 10th. TheStreet downgraded shares of The Western Union from a “b” rating to a “c+” rating in a report on Thursday, October 31st. Finally, Susquehanna Bancshares restated a “hold” rating and set a $26.00 price objective on shares of The Western Union in a report on Wednesday. Eight equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $24.81.
WU opened at $26.24 on Thursday. The Western Union has a 52-week low of $17.52 and a 52-week high of $28.44. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 101.99. The company has a market cap of $11.00 billion, a P/E ratio of 10.05, a price-to-earnings-growth ratio of 0.93 and a beta of 0.78. The firm’s 50-day moving average price is $27.04 and its 200-day moving average price is $24.96.
Institutional investors have recently added to or reduced their stakes in the business. Caxton Associates LP purchased a new position in The Western Union in the 4th quarter valued at $270,000. Captrust Financial Advisors lifted its holdings in The Western Union by 10,225.2% in the 4th quarter. Captrust Financial Advisors now owns 511,719 shares of the credit services provider’s stock valued at $13,402,000 after purchasing an additional 506,763 shares in the last quarter. Bluefin Trading LLC purchased a new position in The Western Union in the 4th quarter valued at $297,000. Cubist Systematic Strategies LLC lifted its holdings in The Western Union by 216.2% in the 4th quarter. Cubist Systematic Strategies LLC now owns 146,464 shares of the credit services provider’s stock valued at $3,922,000 after purchasing an additional 100,146 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in The Western Union by 504.9% in the 4th quarter. AQR Capital Management LLC now owns 523,961 shares of the credit services provider’s stock valued at $14,032,000 after purchasing an additional 437,341 shares in the last quarter.
In related news, Director Jan Siegmund acquired 10,000 shares of the stock in a transaction on Friday, February 14th. The shares were acquired at an average price of $26.21 per share, for a total transaction of $262,100.00. Following the transaction, the director now owns 10,000 shares in the company, valued at approximately $262,100. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Roberto G. Mendoza sold 26,504 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $26.94, for a total value of $714,017.76. Following the completion of the sale, the director now owns 94,334 shares in the company, valued at approximately $2,541,357.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 53,474 shares of company stock worth $1,440,420. Insiders own 1.33% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend is Monday, March 16th. This is a positive change from The Western Union’s previous quarterly dividend of $0.20. The Western Union’s dividend payout ratio is currently 41.67%.
The Western Union Company Profile
The Western Union Company provides money movement and payment services worldwide. The company operates in two segments, Consumer-to-Consumer and Business Solutions. The Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents. This segment offers international cross-border transfers and intra-country transfers, as well as money transfer transactions through Websites and mobile devices.
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