Western Union Company (The) (WU) Issues FY17 Earnings Guidance
Western Union Company (The) (NYSE:WU) issued an update on its FY17 earnings guidance on Thursday morning. The company provided EPS guidance of $1.75-$1.85 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.77.
Western Union Company (The) (NYSE:WU) last announced its quarterly earnings results on Thursday, November 2nd. The credit services provider reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.08. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.39 billion. Western Union Company (The) had a net margin of 3.50% and a return on equity of 92.41%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.46 earnings per share.
WU has been the subject of a number of research analyst reports. ValuEngine cut shares of Western Union Company (The) from a buy rating to a hold rating in a research report on Friday, September 1st. Zacks Investment Research cut shares of Western Union Company (The) from a buy rating to a hold rating in a research report on Thursday, October 5th. Mizuho restated a sell rating and set a $16.00 price objective on shares of Western Union Company (The) in a research report on Sunday, October 15th. Jefferies Group LLC restated a hold rating and set a $19.00 price objective on shares of Western Union Company (The) in a research report on Thursday, October 12th. Finally, Barclays PLC upped their price objective on shares of Western Union Company (The) from $21.00 to $22.00 and gave the stock an underweight rating in a research report on Friday, August 4th. Four research 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 stock has an average rating of Hold and an average price target of $20.38.
In related news, EVP John David Thompson sold 23,500 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $20.12, for a total value of $472,820.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is owned by corporate insiders.
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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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