Equities research analysts forecast that Western Union Company (The) (NYSE:WU) will report sales of $1.39 billion for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for Western Union Company (The)’s earnings, with the highest sales estimate coming in at $1.42 billion and the lowest estimate coming in at $1.38 billion. Western Union Company (The) reported sales of $1.38 billion during the same quarter last year, which would suggest a positive year over year growth rate of 0.7%. The business is scheduled to report its next quarterly earnings results after the market closes on Thursday, November 2nd.

According to Zacks, 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 $5.51 billion. For the next year, analysts forecast that the firm will report sales of $5.57 billion per share, with estimates ranging from $5.51 billion to $5.68 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Western Union Company (The).

Western Union Company (The) (NYSE:WU) last released its quarterly earnings data on Thursday, August 3rd. The credit services provider reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.08. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.44 earnings per share.

Several research analysts have recently weighed in on WU shares. Mizuho restated a “sell” rating and set a $16.00 target price on shares of Western Union Company (The) in a report on Sunday, October 15th. ValuEngine lowered shares of Western Union Company (The) from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Barclays PLC lifted 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 report on Friday, August 4th. Stifel Nicolaus reaffirmed a “hold” rating and set a $20.00 price target (up previously from $19.00) on shares of Western Union Company (The) in a research report on Wednesday, August 9th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $19.00 price target on shares of Western Union Company (The) in a research report on Thursday, October 12th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $20.38.

Western Union Company (NYSE WU) opened at 20.26 on Monday. The stock has a 50 day moving average price of $19.44 and a 200-day moving average price of $19.28. Western Union Company has a 1-year low of $18.39 and a 1-year high of $22.70. The company has a market cap of $9.40 billion, a price-to-earnings ratio of 52.08 and a beta of 1.20.

In other Western Union Company (The) news, EVP John David Thompson sold 23,500 shares of the business’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 value of $472,820.00. Following the sale, the executive vice president now owns 129,650 shares of the company’s stock, valued at $2,608,558. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Thrivent Financial For Lutherans increased its position in shares of Western Union Company (The) by 7.1% during the first quarter. Thrivent Financial For Lutherans now owns 17,710 shares of the credit services provider’s stock worth $360,000 after acquiring an additional 1,170 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Western Union Company (The) by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,884,143 shares of the credit services provider’s stock worth $38,343,000 after acquiring an additional 24,313 shares during the period. AQR Capital Management LLC increased its position in shares of Western Union Company (The) by 41.3% during the first quarter. AQR Capital Management LLC now owns 411,840 shares of the credit services provider’s stock worth $8,381,000 after acquiring an additional 120,376 shares during the period. Tudor Investment Corp ET AL purchased a new stake in shares of Western Union Company (The) during the first quarter worth $573,000. Finally, Driehaus Capital Management LLC purchased a new stake in shares of Western Union Company (The) during the first quarter worth $259,000.

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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.

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

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