Q2 2018 Earnings Forecast for The Western Union Company Issued By William Blair (WU)

The Western Union Company (NYSE:WU) – William Blair cut their Q2 2018 earnings per share estimates for shares of The Western Union in a report issued on Wednesday. William Blair analyst R. Napoli now anticipates that the credit services provider will earn $0.47 per share for the quarter, down from their prior forecast of $0.48. William Blair has a “Market Perform” rating on the stock. William Blair also issued estimates for The Western Union’s Q3 2018 earnings at $0.47 EPS and FY2019 earnings at $1.96 EPS.

The Western Union (NYSE:WU) last posted its earnings results on Tuesday, February 13th. The credit services provider reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.40 billion. The Western Union had a negative return on equity of 1,076.71% and a negative net margin of 20.34%. During the same quarter in the prior year, the firm posted $0.47 earnings per share.

A number of other equities research analysts also recently commented on the company. TheStreet downgraded The Western Union from a “b-” rating to a “c-” rating in a research report on Tuesday. Mizuho upgraded The Western Union from an “underperform” rating to a “neutral” rating and set a $16.00 target price on the stock in a research report on Wednesday. Zacks Investment Research downgraded The Western Union from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. Susquehanna Bancshares upgraded The Western Union from a “negative” rating to a “neutral” rating in a research report on Monday, January 8th. Finally, UBS Group upgraded The Western Union to a “neutral” rating in a research report on Monday, January 8th. Six research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.85.

Shares of The Western Union (WU) opened at $20.30 on Thursday. The company has a debt-to-equity ratio of 4.98, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $9,071.03, a PE ratio of -16.24, a P/E/G ratio of 1.85 and a beta of 1.05. The Western Union has a 52-week low of $18.39 and a 52-week high of $22.21.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, March 15th. This is an increase from The Western Union’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a yield of 3.74%. The Western Union’s dividend payout ratio is -56.00%.

In other The Western Union news, EVP Jean Claude Farah sold 50,813 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $21.50, for a total transaction of $1,092,479.50. Following the sale, the executive vice president now directly owns 152,362 shares in the company, valued at $3,275,783. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Amintore Schenkel sold 15,600 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $21.99, for a total value of $343,044.00. Following the sale, the insider now owns 93,694 shares in the company, valued at $2,060,331.06. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Millennium Management LLC grew its stake in shares of The Western Union by 338.5% during the fourth quarter. Millennium Management LLC now owns 3,702,477 shares of the credit services provider’s stock valued at $70,384,000 after buying an additional 2,858,037 shares during the last quarter. Alps Advisors Inc. bought a new position in shares of The Western Union during the fourth quarter valued at approximately $46,977,000. Deutsche Bank AG grew its stake in shares of The Western Union by 52.8% during the fourth quarter. Deutsche Bank AG now owns 3,711,107 shares of the credit services provider’s stock valued at $70,545,000 after buying an additional 1,282,105 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its stake in shares of The Western Union by 53.9% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 2,810,853 shares of the credit services provider’s stock valued at $53,968,000 after buying an additional 984,900 shares during the last quarter. Finally, W. E. Donoghue & Co. LLC bought a new position in shares of The Western Union during the fourth quarter valued at approximately $17,167,000.

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About The Western Union

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 The Western Union (NYSE:WU)

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