Western Union (NYSE:WU – Get Free Report) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.70-1.80 for the period, compared to the consensus earnings per share estimate of $1.76. The company issued revenue guidance of $4.125-4.200 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.
Wall Street Analyst Weigh In
A number of brokerages recently commented on WU. Citigroup reissued a “neutral” rating and issued a $13.00 price objective on shares of Western Union in a research note on Wednesday, July 17th. StockNews.com upgraded Western Union from a “sell” rating to a “hold” rating in a research report on Thursday, August 29th. UBS Group lowered their target price on Western Union from $13.50 to $12.00 and set a “neutral” rating on the stock in a report on Thursday. Royal Bank of Canada cut their price target on Western Union from $16.00 to $14.00 and set a “sector perform” rating for the company in a report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. reduced their price objective 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. Three equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. Based on data from MarketBeat.com, Western Union has a consensus rating of “Hold” and a consensus price target of $12.86.
Check Out Our Latest Stock Report on Western Union
Western Union Trading Down 3.6 %
Western Union (NYSE:WU – Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The credit services provider reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. Western Union had a net margin of 13.64% and a return on equity of 123.71%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the company posted $0.43 EPS. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. As a group, equities research analysts predict that Western Union will post 1.76 EPS for the current year.
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.
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