Western Union (NYSE:WU – Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. 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.
Western Union Stock Performance
Shares of NYSE:WU traded up $0.09 during midday trading on Tuesday, hitting $12.97. The company’s stock had a trading volume of 6,358,767 shares, compared to its average volume of 3,965,214. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of 7.66, a PEG ratio of 1.86 and a beta of 0.85. The stock’s 50 day simple moving average is $12.54 and its 200 day simple moving average is $12.92. Western Union has a fifty-two week low of $10.92 and a fifty-two week high of $14.19. The company has a debt-to-equity ratio of 6.38, a quick ratio of 1.01 and a current ratio of 1.01.
Western Union Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 7.25%. The ex-dividend date of this dividend is Monday, September 16th. Western Union’s dividend payout ratio (DPR) is presently 55.62%.
Wall Street Analyst Weigh In
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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