Western Union (NYSE:WU – Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 1.700-1.800 for the period, compared to the consensus earnings per share estimate of 1.760. The company issued revenue guidance of $4.2 billion-$4.2 billion, compared to the consensus revenue estimate of $4.2 billion. Western Union also updated its FY24 guidance to $1.70-1.80 EPS.
Analyst Ratings Changes
A number of research analysts recently issued reports on the stock. Royal Bank of Canada lowered their price target on shares of Western Union from $16.00 to $14.00 and set a “sector perform” rating for the company in a research report on Wednesday, July 31st. 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 report on Tuesday, August 20th. StockNews.com raised Western Union from a “sell” rating to a “hold” rating in a research report on Thursday, August 29th. UBS Group lowered their price objective on Western Union from $13.50 to $12.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Citigroup reissued a “neutral” rating and issued a $13.00 target price on shares of Western Union in a research note on Wednesday, July 17th. Three investment analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $12.86.
Read Our Latest Research Report on WU
Western Union Price Performance
Western Union (NYSE:WU – Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The credit services provider reported $0.46 earnings per share (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 business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the business posted $0.43 EPS. Western Union’s revenue for the quarter was down 5.6% compared to the same quarter last year. As a group, research analysts anticipate that Western Union will post 1.76 EPS for the current fiscal year.
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.
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