Brokerages predict that Western Union Company (The) (NYSE:WU) will report earnings of $0.44 per share for the current quarter, Zacks reports. Eight analysts have made estimates for Western Union Company (The)’s earnings. The lowest EPS estimate is $0.42 and the highest is $0.47. Western Union Company (The) also reported earnings per share of $0.44 during the same quarter last year. The company is expected to issue its next earnings report after the market closes on Thursday, November 2nd.

On average, analysts expect that Western Union Company (The) will report full-year earnings of $1.76 per share for the current financial year, with EPS estimates ranging from $1.74 to $1.79. For the next fiscal year, analysts forecast that the firm will report earnings of $1.80 per share, with EPS estimates ranging from $1.67 to $1.90. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for Western Union Company (The).

Western Union Company (The) (NYSE:WU) last released its earnings results on Thursday, August 3rd. The credit services provider reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.08. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.37 billion. Western Union Company (The) had a net margin of 3.50% and a return on equity of 92.41%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the firm posted $0.44 earnings per share.

WU has been the topic of several research analyst reports. ValuEngine upgraded shares of Western Union Company (The) from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Stifel Nicolaus restated a “hold” rating and set a $20.00 target price (up from $19.00) on shares of Western Union Company (The) in a report on Wednesday, August 9th. Jefferies Group LLC restated a “hold” rating and set a $19.00 target price on shares of Western Union Company (The) in a report on Thursday, October 12th. Zacks Investment Research downgraded shares of Western Union Company (The) from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Finally, Mizuho restated a “sell” rating and set a $16.00 target price on shares of Western Union Company (The) in a report on Sunday, October 15th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Western Union Company (The) has an average rating of “Hold” and a consensus target price of $20.38.

In related news, EVP John David Thompson sold 23,500 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $20.12, for a total value of $472,820.00. Following the completion of the transaction, the executive vice president now directly owns 129,650 shares of the company’s stock, valued at $2,608,558. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the business. Fiduciary Trust Co. bought a new position in Western Union Company (The) during the second quarter worth $121,000. Capstone Investment Advisors Netherlands B.V. bought a new position in Western Union Company (The) during the second quarter worth $129,000. Financial Architects Inc boosted its position in Western Union Company (The) by 2.1% during the second quarter. Financial Architects Inc now owns 6,951 shares of the credit services provider’s stock worth $132,000 after purchasing an additional 144 shares during the period. IFP Advisors Inc boosted its position in Western Union Company (The) by 3.1% during the second quarter. IFP Advisors Inc now owns 7,836 shares of the credit services provider’s stock worth $149,000 after purchasing an additional 239 shares during the period. Finally, Pacer Advisors Inc. boosted its position in Western Union Company (The) by 8.4% during the second quarter. Pacer Advisors Inc. now owns 8,109 shares of the credit services provider’s stock worth $154,000 after purchasing an additional 627 shares during the period.

Western Union Company (NYSE WU) traded down 0.025% on Friday, hitting $19.715. 657,919 shares of the stock traded hands. The company’s 50 day moving average price is $19.47 and its 200-day moving average price is $19.28. Western Union Company has a 12-month low of $18.39 and a 12-month high of $22.70. The stock has a market capitalization of $9.15 billion, a P/E ratio of 50.681 and a beta of 1.20.

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About Western Union Company (The)

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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Earnings History and Estimates for Western Union Company (The) (NYSE:WU)

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