Western Union Company (The) (NYSE:WU) – Stock analysts at William Blair lifted their Q3 2017 earnings per share estimates for Western Union Company (The) in a research note issued to investors on Thursday. William Blair analyst R. Napoli now expects that the credit services provider will earn $0.47 per share for the quarter, up from their prior forecast of $0.44. William Blair also issued estimates for Western Union Company (The)’s Q4 2017 earnings at $0.50 EPS, FY2017 earnings at $1.76 EPS and FY2018 earnings at $1.81 EPS.

Several other equities analysts also recently weighed in on the company. TheStreet raised Western Union Company (The) from a “c” rating to a “b-” rating in a research report on Tuesday, May 2nd. Zacks Investment Research upgraded Western Union Company (The) from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Tuesday, May 2nd. Royal Bank Of Canada restated a “hold” rating and set a $23.00 price objective on shares of Western Union Company (The) in a report on Thursday, April 13th. BidaskClub cut Western Union Company (The) from a “hold” rating to a “sell” rating in a report on Friday, June 9th. Finally, Mizuho started coverage on Western Union Company (The) in a report on Tuesday, June 27th. They issued an “underperform” rating and a $16.00 target price for the company. Six analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $20.29.

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Shares of Western Union Company (WU) opened at 19.72 on Monday. Western Union Company has a 52 week low of $18.42 and a 52 week high of $22.70. The firm has a 50-day moving average price of $19.09 and a 200 day moving average price of $19.60. The stock has a market cap of $9.29 billion, a price-to-earnings ratio of 42.78 and a beta of 1.19.

Western Union Company (The) (NYSE:WU) last posted its quarterly earnings data on Thursday, August 3rd. The credit services provider reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.08. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Western Union Company (The) had a net margin of 3.50% and a return on equity of 84.38%. Western Union Company (The)’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.44 earnings per share.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.175 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.55%. Western Union Company (The)’s payout ratio is presently 179.49%.

Several large investors have recently modified their holdings of WU. BlackRock Inc. boosted its stake in shares of Western Union Company (The) by 3,333.4% in the first quarter. BlackRock Inc. now owns 34,492,261 shares of the credit services provider’s stock worth $701,918,000 after buying an additional 33,487,639 shares during the last quarter. Wedge Capital Management L L P NC bought a new position in Western Union Company (The) during the first quarter worth about $47,167,000. Bank of Montreal Can raised its position in Western Union Company (The) by 162.0% in the second quarter. Bank of Montreal Can now owns 2,966,777 shares of the credit services provider’s stock worth $56,515,000 after buying an additional 1,834,328 shares during the period. MARSHALL WACE ASIA Ltd bought a new position in Western Union Company (The) during the first quarter worth about $30,448,000. Finally, Marshall Wace North America L.P. bought a new position in Western Union Company (The) during the first quarter worth about $30,448,000.

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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