Western Union Company (The) (NYSE:WU) – Analysts at Northcoast Research lifted their FY2018 earnings estimates for Western Union Company (The) in a research report issued to clients and investors on Friday. Northcoast Research analyst K. Mehta now expects that the credit services provider will earn $1.90 per share for the year, up from their previous estimate of $1.85.

Western Union Company (The) (NYSE:WU) last issued its quarterly earnings data on Thursday, August 3rd. The credit services provider reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.08. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.37 billion. Western Union Company (The) had a return on equity of 92.41% and a net margin of 3.50%. The business’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.44 earnings per share.

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Other analysts have also issued research reports about the stock. BidaskClub lowered shares of Western Union Company (The) from a “hold” rating to a “sell” rating in a report on Friday, June 9th. Zacks Investment Research cut shares of Western Union Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, May 4th. TheStreet raised shares of Western Union Company (The) from a “c” rating to a “b-” rating in a research note on Tuesday, May 2nd. Mizuho began coverage on shares of Western Union Company (The) in a research note on Tuesday, June 27th. They set an “underperform” rating and a $16.00 price target on the stock. Finally, Barclays PLC increased their price target on shares of Western Union Company (The) from $21.00 to $22.00 and gave the company an “underweight” rating in a research note on Friday. Six analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $20.29.

A number of institutional investors have recently made changes to their positions in the stock. Marshall Wace North America L.P. boosted its position in shares of Western Union Company (The) by 48.6% in the second quarter. Marshall Wace North America L.P. now owns 2,262,915 shares of the credit services provider’s stock worth $42,995,000 after buying an additional 740,507 shares during the last quarter. Loudon Investment Management LLC boosted its position in shares of Western Union Company (The) by 1.4% in the second quarter. Loudon Investment Management LLC now owns 11,170 shares of the credit services provider’s stock worth $213,000 after buying an additional 150 shares during the last quarter. Nikko Asset Management Americas Inc. boosted its position in shares of Western Union Company (The) by 5.3% in the second quarter. Nikko Asset Management Americas Inc. now owns 86,000 shares of the credit services provider’s stock worth $1,638,000 after buying an additional 4,300 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Western Union Company (The) by 9.1% in the second quarter. Legal & General Group Plc now owns 2,719,365 shares of the credit services provider’s stock worth $51,803,000 after buying an additional 227,463 shares during the last quarter. Finally, State of Wisconsin Investment Board acquired a new position in shares of Western Union Company (The) during the second quarter worth about $1,355,000.

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

Western Union Company (The) Company Profile

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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