Brokers Issue Forecasts for Western Union FY2024 Earnings

The Western Union Company (NYSE:WU) – William Blair dropped their FY2024 earnings per share (EPS) estimates for shares of Western Union in a research report issued to clients and investors on Wednesday, October 23rd. William Blair analyst C. Kennedy now anticipates that the credit services provider will post earnings of $1.75 per share for the year, down from their previous forecast of $1.76. The consensus estimate for Western Union’s current full-year earnings is $1.77 per share. William Blair also issued estimates for Western Union’s Q2 2025 earnings at $0.46 EPS and FY2025 earnings at $1.83 EPS.

Western Union (NYSE:WU) last released its quarterly earnings results on Wednesday, October 23rd. The credit services provider reported $0.46 EPS for the quarter, topping the consensus estimate of $0.44 by $0.02. The firm 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 120.39% and a net margin of 16.07%. Western Union’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 EPS.

Several other research firms have also commented on WU. UBS Group reduced their price target on Western Union from $13.50 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, October 24th. StockNews.com upgraded Western Union from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Citigroup restated a “neutral” rating and set a $13.00 price objective 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 report on Tuesday, August 20th. Finally, Royal Bank of Canada dropped their price objective on Western Union from $16.00 to $14.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 31st. Three equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $12.86.

Western Union Stock Performance

Western Union stock opened at $10.84 on Monday. The stock’s 50 day moving average price is $11.84 and its 200 day moving average price is $12.33. The firm has a market capitalization of $3.66 billion, a PE ratio of 5.67, a price-to-earnings-growth ratio of 1.67 and a beta of 0.86. The company has a debt-to-equity ratio of 3.96, a quick ratio of 1.10 and a current ratio of 1.10. Western Union has a one year low of $10.75 and a one year high of $14.19.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hennion & Walsh Asset Management Inc. boosted its position in Western Union by 1.6% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 112,237 shares of the credit services provider’s stock worth $1,569,000 after acquiring an additional 1,793 shares during the period. Hexagon Capital Partners LLC boosted its position in Western Union by 110.3% during the 1st quarter. Hexagon Capital Partners LLC now owns 10,047 shares of the credit services provider’s stock worth $140,000 after acquiring an additional 5,269 shares during the period. Oak Thistle LLC acquired a new position in Western Union during the 1st quarter worth $201,000. Insight Folios Inc acquired a new position in Western Union during the 1st quarter worth $5,388,000. Finally, Marshall Financial Group LLC boosted its position in Western Union by 11.6% during the 1st quarter. Marshall Financial Group LLC now owns 64,881 shares of the credit services provider’s stock worth $907,000 after acquiring an additional 6,735 shares during the period. Institutional investors and hedge funds own 91.81% of the company’s stock.

Western Union Company Profile

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.