Northland Capmk Cuts Earnings Estimates for Western Union

The Western Union Company (NYSE:WU) – Northland Capmk cut their Q4 2024 earnings per share (EPS) estimates for shares of Western Union in a report issued on Thursday, October 24th. Northland Capmk analyst M. Grondahl now forecasts that the credit services provider will post earnings of $0.40 per share 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 data on Wednesday, October 23rd. The credit services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. Western Union had a return on equity of 123.71% and a net margin of 13.64%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the firm earned $0.43 earnings per share. The firm’s quarterly revenue was down 5.6% on a year-over-year basis.

WU has been the topic of a number of other research reports. StockNews.com raised shares of Western Union from a “sell” rating to a “hold” rating in a research report on Thursday, August 29th. Citigroup reaffirmed a “neutral” rating and set a $13.00 target price on shares of Western Union in a research note on Wednesday, July 17th. JPMorgan Chase & Co. dropped their price target 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 lowered their price objective on shares of 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 cut their target price on shares of Western Union from $16.00 to $14.00 and set a “sector perform” rating on the stock in a research note on Wednesday, July 31st. Three investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $12.86.

Western Union Trading Down 3.3 %

NYSE:WU opened at $11.17 on Friday. Western Union has a 52 week low of $10.92 and a 52 week high of $14.19. The firm’s fifty day moving average is $11.86 and its 200-day moving average is $12.38. The firm has a market cap of $3.77 billion, a P/E ratio of 6.85, a P/E/G ratio of 1.74 and a beta of 0.86. The company has a debt-to-equity ratio of 5.98, a quick ratio of 1.05 and a current ratio of 1.05.

Institutional Investors Weigh In On Western Union

A number of institutional investors and hedge funds have recently made changes to their positions in the business. MCF Advisors LLC acquired a new position in Western Union during the 1st quarter valued at about $30,000. Quarry LP lifted its holdings in shares of Western Union by 52.9% in the second quarter. Quarry LP now owns 2,588 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 895 shares in the last quarter. LRI Investments LLC purchased a new position in shares of Western Union during the first quarter valued at approximately $37,000. Northwestern Mutual Wealth Management Co. grew its holdings in Western Union by 89.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,226 shares of the credit services provider’s stock worth $39,000 after buying an additional 1,522 shares in the last quarter. Finally, Abich Financial Wealth Management LLC raised its position in Western Union by 59.9% in the 1st quarter. Abich Financial Wealth Management LLC now owns 3,292 shares of the credit services provider’s stock valued at $46,000 after buying an additional 1,233 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.