Equities research analysts expect Western Union Company (The) (NYSE:WU) to announce $1.39 billion in sales for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for Western Union Company (The)’s earnings. The highest sales estimate is $1.41 billion and the lowest is $1.38 billion. Western Union Company (The) reported sales of $1.38 billion in the same quarter last year, which indicates a positive year over year growth rate of 0.7%. The business is expected to report its next quarterly earnings report after the market closes on Thursday, November 2nd.

On average, analysts expect that Western Union Company (The) will report full-year sales of $1.39 billion for the current financial year, with estimates ranging from $5.45 billion to $5.50 billion. For the next year, analysts anticipate that the company will report sales of $5.56 billion per share, with estimates ranging from $5.51 billion to $5.63 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Western Union Company (The).

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

A number of brokerages have recently issued reports on WU. Stifel Nicolaus reissued a “hold” rating and issued a $20.00 price objective (up from $19.00) on shares of Western Union Company (The) in a research note on Wednesday, August 9th. Barclays PLC boosted their price objective on Western Union Company (The) from $21.00 to $22.00 and gave the company an “underweight” rating in a research note on Friday, August 4th. ValuEngine raised Western Union Company (The) from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research downgraded Western Union Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Finally, Mizuho began coverage on Western Union Company (The) in a research note on Tuesday, June 27th. They issued an “underperform” rating and a $16.00 price objective on the stock. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $20.38.

In related news, EVP John David Thompson sold 23,500 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $20.12, for a total transaction of $472,820.00. Following the transaction, the executive vice president now directly owns 129,650 shares of the company’s stock, valued at approximately $2,608,558. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.10% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the stock. Eqis Capital Management Inc. raised its stake in Western Union Company (The) by 9.3% during the 3rd quarter. Eqis Capital Management Inc. now owns 72,748 shares of the credit services provider’s stock worth $1,397,000 after buying an additional 6,185 shares during the period. Curbstone Financial Management Corp increased its holdings in Western Union Company (The) by 82.2% during the 3rd quarter. Curbstone Financial Management Corp now owns 34,200 shares of the credit services provider’s stock worth $657,000 after purchasing an additional 15,425 shares in the last quarter. Perpetual Ltd bought a new stake in Western Union Company (The) during the 2nd quarter worth approximately $3,792,000. Navellier & Associates Inc increased its holdings in Western Union Company (The) by 3.5% during the 2nd quarter. Navellier & Associates Inc now owns 87,829 shares of the credit services provider’s stock worth $1,673,000 after purchasing an additional 2,988 shares in the last quarter. Finally, Toronto Dominion Bank increased its holdings in Western Union Company (The) by 23.0% during the 2nd quarter. Toronto Dominion Bank now owns 159,762 shares of the credit services provider’s stock worth $3,043,000 after purchasing an additional 29,887 shares in the last quarter.

TRADEMARK VIOLATION NOTICE: This piece of content was published by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States and international copyright law. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/10/11/1-39-billion-in-sales-expected-for-western-union-company-the-wu-this-quarter-2.html.

Shares of Western Union Company (NYSE WU) traded down 0.05% during midday trading on Wednesday, hitting $19.59. The company’s stock had a trading volume of 743,907 shares. The company has a 50-day moving average price of $19.05 and a 200 day moving average price of $19.26. The company has a market cap of $9.09 billion, a P/E ratio of 46.64 and a beta of 1.20. Western Union Company has a 1-year low of $18.39 and a 1-year high of $22.70.

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.

Get a free copy of the Zacks research report on Western Union Company (The) (WU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Western Union Company (The) (NYSE:WU)

Receive News & Ratings for Western Union Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Union Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.