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 (EPS) guidance of 1.700-1.800 for the period, compared to the consensus 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.
Western Union Price Performance
Shares of NYSE:WU traded down $0.05 on Wednesday, hitting $11.55. The stock had a trading volume of 6,056,088 shares, compared to its average volume of 4,031,270. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 7.09, a price-to-earnings-growth ratio of 1.79 and a beta of 0.86. The company has a debt-to-equity ratio of 5.98, a quick ratio of 1.05 and a current ratio of 1.05. The firm’s 50 day moving average price is $11.87 and its 200-day moving average price is $12.39. Western Union has a twelve month low of $10.92 and a twelve month high of $14.19.
Western Union (NYSE:WU – Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.01). Western Union had a net margin of 13.64% and a return on equity of 123.71%. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the company earned $0.51 earnings per share. Western Union’s revenue for the quarter was down 8.9% compared to the same quarter last year. On average, equities research analysts predict that Western Union will post 1.77 earnings per share for the current year.
Wall Street Analyst Weigh In
Check Out Our Latest Report on WU
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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