Western Union (NYSE:WU) Issues FY 2024 Earnings Guidance

Western Union (NYSE:WU) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 1.700-1.800 for the period, compared to the consensus estimate of 1.770. 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.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WU. Citigroup reiterated a neutral rating and issued a $13.00 price objective on shares of Western Union in a research note on Wednesday, July 17th. Evercore ISI raised their price target on Western Union from $14.00 to $15.00 and gave the company an in-line rating in a research note on Thursday, April 25th. Finally, JPMorgan Chase & Co. raised their price target on Western Union from $13.00 to $14.00 and gave the company an underweight rating in a research note 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. According to MarketBeat, the company currently has a consensus rating of Hold and an average price target of $13.71.

Western Union Stock Performance

Shares of NYSE WU traded up $0.09 during midday trading on Tuesday, reaching $12.97. 6,181,878 shares of the company were exchanged, compared to its average volume of 3,965,214. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.38. Western Union has a 1 year low of $10.92 and a 1 year high of $14.19. The stock has a fifty day simple moving average of $12.54 and a 200 day simple moving average of $12.92. The stock 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.

Western Union Dividend Announcement

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

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.