Western Union Q4 EPS Forecast Decreased by Northland Capmk

The Western Union Company (NYSE:WU) – Analysts at Northland Capmk dropped their Q4 2024 EPS estimates for Western Union in a research report issued to clients and investors on Thursday, October 24th. Northland Capmk analyst M. Grondahl now forecasts that the credit services provider will post earnings per share of $0.40 for the quarter, down from their prior estimate of $0.42. The consensus estimate for Western Union’s current full-year earnings is $1.76 per share.

Western Union (NYSE:WU) last posted its quarterly earnings results on Wednesday, October 23rd. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.02. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. Western Union had a return on equity of 123.71% and a net margin of 13.64%. The firm’s revenue was down 5.6% on a year-over-year basis. During the same period last year, the company earned $0.43 EPS.

WU has been the topic of several other research reports. StockNews.com raised shares of Western Union from a “sell” rating to a “hold” rating in a research note on Friday. Citigroup reissued a “neutral” rating and issued a $13.00 price target on shares of Western Union in a report on Wednesday, July 17th. JPMorgan Chase & Co. dropped their price objective on Western Union from $14.00 to $12.00 and set an “underweight” rating on the stock in a research note on Tuesday, August 20th. UBS Group decreased their target price on Western Union from $13.50 to $12.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Royal Bank of Canada dropped their price target on Western Union from $16.00 to $14.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 31st. Three equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $12.86.

Western Union Price Performance

Shares of WU opened at $11.17 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 5.98. The stock has a market cap of $3.77 billion, a P/E ratio of 6.85, a price-to-earnings-growth ratio of 1.74 and a beta of 0.86. The stock’s 50-day moving average price is $11.85 and its two-hundred day moving average price is $12.36. Western Union has a 1 year low of $10.92 and a 1 year high of $14.19.

Institutional Investors Weigh In On Western Union

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Mackenzie Financial Corp increased its stake in Western Union by 30.7% in the 2nd quarter. Mackenzie Financial Corp now owns 348,850 shares of the credit services provider’s stock valued at $4,263,000 after buying an additional 82,018 shares during the last quarter. Insight Folios Inc acquired a new stake in shares of Western Union in the first quarter valued at about $5,388,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Western Union by 5.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,252,897 shares of the credit services provider’s stock valued at $17,516,000 after acquiring an additional 65,087 shares during the last quarter. OLD National Bancorp IN raised its holdings in Western Union by 11.9% during the third quarter. OLD National Bancorp IN now owns 704,054 shares of the credit services provider’s stock worth $8,399,000 after acquiring an additional 74,742 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Western Union by 7,569.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,905,891 shares of the credit services provider’s stock valued at $194,405,000 after purchasing an additional 13,724,584 shares during the last quarter. Institutional investors and hedge funds own 91.81% of the company’s stock.

About Western Union

The Western Union Company provides money movement and payment services worldwide. The company operates through Consumer Money Transfer and Consumer Services segments. The Consumer Money Transfer segment facilitates money transfers for international cross-border and intra-country transfers, primarily through a network of retail agent locations, as well as through websites and mobile devices.