Western Union (NYSE:WU – Get Free Report) updated its FY24 earnings guidance on Wednesday. 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.
Western Union Price Performance
Shares of WU stock traded down $0.05 during mid-day trading on Wednesday, hitting $11.55. 6,056,088 shares of the stock traded hands, compared to its average volume of 4,031,270. Western Union has a twelve month low of $10.92 and a twelve month high of $14.19. 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 has a market cap 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’s 50-day simple moving average is $11.87 and its 200-day simple moving average is $12.39.
Western Union (NYSE:WU – Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $0.44 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $1.06 billion. During the same quarter last year, the company posted $0.51 EPS. Western Union’s revenue was down 8.9% on a year-over-year basis. As a group, equities research analysts expect that Western Union will post 1.77 earnings per share for the current year.
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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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