Western Union (NYSE:WU) Updates FY24 Earnings Guidance

Western Union (NYSE:WU) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.70-1.80 for the period, compared to the consensus earnings per share estimate of $1.77. The company issued revenue guidance of $4.15-4.225 billion, compared to the consensus revenue estimate of $4.18 billion. Western Union also updated its FY 2024 guidance to 1.700-1.800 EPS.

Western Union Price Performance

Shares of WU traded up $0.09 during midday trading on Tuesday, hitting $12.97. 6,358,767 shares of the company traded hands, compared to its average volume of 3,965,214. The stock has a 50-day moving average of $12.54 and a 200-day moving average of $12.92. Western Union has a one year low of $10.92 and a one year high of $14.19. The firm has a market cap of $4.39 billion, a P/E ratio of 7.66, a PEG ratio of 1.86 and a beta of 0.85. The company has a debt-to-equity ratio of 6.38, a current ratio of 1.01 and a quick ratio of 1.01.

Western Union Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 7.25%. The ex-dividend date is Monday, September 16th. Western Union’s dividend payout ratio is presently 55.62%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on WU shares. JPMorgan Chase & Co. upped their price target on Western Union from $13.00 to $14.00 and gave the company an underweight rating in a research report on Thursday, April 25th. Citigroup reiterated a neutral rating and set a $13.00 price target on shares of Western Union in a research report on Wednesday, July 17th. Finally, Evercore ISI upped their price target on Western Union from $14.00 to $15.00 and gave the company an in-line rating in a research report on Thursday, April 25th. Three investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $13.71.

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.