The Western Union Company (WU) Updates FY14 Earnings Guidance
The Western Union Company (NYSE:WU) updated its FY14 earnings guidance on Thursday. The company provided earnings per share guidance of $1.40-1.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.44, AnalystRatingsNetwork reports. The company issued revenue guidance of flat to low single digit growth, compared to the consensus revenue estimate of $5.68 billion.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a neutral rating on shares of The Western Union Company in a research note on Monday, March 31st. They now have a $17.00 price target on the stock. On a related note, analysts at SunTrust downgraded shares of The Western Union Company from a neutral rating to a reduce rating in a research note on Thursday, February 27th. They now have a $13.00 price target on the stock, down previously from $15.00. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $18.19.
The Western Union Company (NYSE:WU) traded down 0.13% during mid-day trading on Thursday, hitting $15.85. 7,073,006 shares of the company’s stock traded hands. The Western Union Company has a 52 week low of $14.60 and a 52 week high of $19.50. The stock has a 50-day moving average of $16.09 and a 200-day moving average of $16.66. The company has a market cap of $8.685 billion and a price-to-earnings ratio of 11.10.
The Western Union Company (NYSE:WU) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.37 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.35 by $0.02. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the company posted $0.37 earnings per share. The Western Union Company’s revenue was up 1.9% compared to the same quarter last year. Analysts expect that The Western Union Company will post $1.44 EPS for the current fiscal year.
The Western Union Company (NYSE:WU) is engaged in money movement and payment services.
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