Northland Capmk Expects Reduced Earnings for Western Union

The Western Union Company (NYSE:WU) – Equities research analysts at Northland Capmk lowered their Q4 2024 earnings per share estimates for Western Union in a report released on Thursday, October 24th. Northland Capmk analyst M. Grondahl now anticipates that the credit services provider will earn $0.40 per share for the quarter, down from their prior estimate of $0.42. The consensus estimate for Western Union’s current full-year earnings is $1.76 per share.

Western Union (NYSE:WU) last issued its quarterly earnings data on Wednesday, October 23rd. The credit services provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. Western Union had a return on equity of 123.71% and a net margin of 13.64%. The firm’s revenue was down 5.6% compared to the same quarter last year. During the same period last year, the business earned $0.43 EPS.

WU has been the subject of a number of other reports. StockNews.com upgraded Western Union from a “sell” rating to a “hold” rating in a report on Friday. UBS Group cut their price objective on shares of Western Union from $13.50 to $12.00 and set a “neutral” rating for the company in a research report on Thursday. Citigroup reissued a “neutral” rating and set a $13.00 target price on shares of Western Union in a research report on Wednesday, July 17th. Royal Bank of Canada cut their price target on Western Union from $16.00 to $14.00 and set a “sector perform” rating for the company in a report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. lowered their price objective on Western Union from $14.00 to $12.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 20th. Three analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $12.86.

Western Union Price Performance

NYSE WU opened at $11.17 on Friday. The company has a market cap of $3.77 billion, a P/E ratio of 6.85, a P/E/G ratio of 1.74 and a beta of 0.86. Western Union has a 1 year low of $10.92 and a 1 year high of $14.19. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 5.98. The company has a fifty day simple moving average of $11.85 and a 200 day simple moving average of $12.36.

Institutional Trading of Western Union

Large investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its stake in shares of Western Union by 7,569.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,905,891 shares of the credit services provider’s stock valued at $194,405,000 after buying an additional 13,724,584 shares in the last quarter. LSV Asset Management increased its position in Western Union by 17.7% in the 2nd quarter. LSV Asset Management now owns 9,736,930 shares of the credit services provider’s stock valued at $118,985,000 after acquiring an additional 1,462,853 shares in the last quarter. Discerene Group LP raised its stake in shares of Western Union by 11.9% in the first quarter. Discerene Group LP now owns 6,682,192 shares of the credit services provider’s stock worth $93,417,000 after acquiring an additional 710,873 shares during the last quarter. Millennium Management LLC lifted its position in shares of Western Union by 62.8% during the second quarter. Millennium Management LLC now owns 3,730,450 shares of the credit services provider’s stock worth $45,586,000 after purchasing an additional 1,439,310 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in shares of Western Union by 52.0% during the second quarter. Marshall Wace LLP now owns 3,337,466 shares of the credit services provider’s stock valued at $40,784,000 after purchasing an additional 1,142,400 shares during the last quarter. 91.81% of the stock is owned by institutional investors.

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.