The Western Union Company (NYSE:WU) – SunTrust Banks lowered their Q2 2018 earnings estimates for shares of The Western Union in a note issued to investors on Tuesday. SunTrust Banks analyst A. Jeffrey now anticipates that the credit services provider will post earnings per share of $0.46 for the quarter, down from their previous estimate of $0.50. SunTrust Banks also issued estimates for The Western Union’s Q4 2018 earnings at $0.49 EPS, FY2018 earnings at $1.85 EPS and FY2019 earnings at $1.93 EPS.
WU has been the topic of several other reports. ValuEngine raised The Western Union from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Susquehanna Bancshares raised The Western Union from a “negative” rating to a “neutral” rating in a research note on Monday, January 8th. Zacks Investment Research lowered The Western Union from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd. Citigroup boosted their price target on The Western Union from $17.00 to $17.50 and gave the company a “sell” rating in a research note on Friday, November 3rd. Finally, UBS Group raised The Western Union to a “neutral” rating in a research note on Monday, January 8th. Six analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $19.85.
The Western Union (NYSE:WU) last issued its quarterly earnings results on Tuesday, February 13th. The credit services provider reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.04). The Western Union had a negative net margin of 20.34% and a negative return on equity of 1,076.71%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period last year, the firm posted $0.47 earnings per share.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 16th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.74%. This is a positive change from The Western Union’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Thursday, March 15th. The Western Union’s dividend payout ratio is presently -56.00%.
In other news, insider Amintore Schenkel sold 15,600 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $21.99, for a total transaction of $343,044.00. Following the transaction, the insider now directly owns 93,694 shares of the company’s stock, valued at $2,060,331.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $1,092,479.50. Following the transaction, the executive vice president now directly owns 152,362 shares in the company, valued at $3,275,783. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of WU. Bank of New York Mellon Corp grew its holdings in The Western Union by 0.6% during the third quarter. Bank of New York Mellon Corp now owns 36,024,158 shares of the credit services provider’s stock worth $691,663,000 after buying an additional 222,786 shares in the last quarter. Lyrical Asset Management LP grew its holdings in The Western Union by 3.3% during the fourth quarter. Lyrical Asset Management LP now owns 11,335,825 shares of the credit services provider’s stock worth $215,494,000 after buying an additional 363,239 shares in the last quarter. Clarkston Capital Partners LLC grew its holdings in The Western Union by 1.0% during the fourth quarter. Clarkston Capital Partners LLC now owns 9,139,401 shares of the credit services provider’s stock worth $173,740,000 after buying an additional 94,611 shares in the last quarter. LSV Asset Management grew its holdings in The Western Union by 6.3% during the fourth quarter. LSV Asset Management now owns 8,203,357 shares of the credit services provider’s stock worth $155,945,000 after buying an additional 483,400 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in The Western Union by 13.9% during the fourth quarter. Geode Capital Management LLC now owns 5,517,365 shares of the credit services provider’s stock worth $104,692,000 after buying an additional 673,748 shares in the last quarter.
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The Western Union 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.
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