The Western Union Company (NYSE:WU) Shares Reiterated With A Hold Rating
- Author: Zachary Reyes Feb 11, 2017,
Feb 11, 2017, 3:59
A number of other brokerages also recently issued reports on WU. Zacks Investment Research upgraded shares of Western Union Company (The) from a "sell" rating to a "hold" rating in a research note on Thursday, November 3rd.
The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. JMP Securities reaffirmed a "market perform" rating on shares of Western Union Company (The) in a report on Thursday, January 19th. Guggenheim initiated coverage on Western Union Company (The) in a research report on Wednesday, January 4th. They set a "neutral" rating and a $23.00 price objective for the company. Nine equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the stock. WU EVP & Pres, Americas & Europe Almeida Odilon also sold 18,064 shares, at a stock price of $21.57.
The Western Union Company (NYSE:WU) reported its previous quarter on 11/01/2016 where it reported the Actual Earnings of $0.44. Bank of New York Mellon Corp now owns 34,905,218 shares of the company's stock valued at $669,481,000 after buying an additional 11,382,746 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Western Union Company (The) by 147.8% in the third quarter.
Cornercap Investment Counsel Inc. reduced its position in Western Union Co.
While looking at the Stock's Performance, The Western Union Company now shows a Weekly Performance of 1.89%, where Monthly Performance is -11.71%, Quarterly performance is -1.48%, 6 Months performance is -3.5% and yearly performance percentage is 20.94%. The stock is trading $21.24 its 50-day moving average by 1.33%. Over the past 10 years it has returned an average of 1.95% per year.
The Western Union Company (NYSE:WU) reports its Earnings on Today.
In The Western Union Company (NYSE:WU)'s latest quarter, EPS moved to $0.44 from $0.44 in preceding quarter and revenues reached at $1,377.80M compared to $1,375.70M. The company earned $1.40 billion during the quarter, compared to the consensus estimate of $1.37 billion.
Over the couple years WU has established a strong pattern of missing Street earnings views 8% of the time, according to historical earnings data, met predictions on 3 occasions and surpassed estimates 8 times over the last couple years.
August 03, 2016: The Western Union Company (WU) reported Q2 earnings of $0.42, beating consensus estimates of $0.4. Full-year profit views are for The Western Union Company to earn $1.65 in current year and grow profits by almost -1.2% over last year's earnings of $1.67. Stockholders of record on Friday, March 17th will be given a dividend of 0.175 per share on Friday, March 31st. The ex-dividend date was Thursday, December 15th. This is a boost from Western Union Company (The)'s previous quarterly dividend of $0.16. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.43%. Western Union Company (The) now has a consensus rating of "Hold" and a consensus target price of $18.98. If you are reading this piece of content on another website, it was stolen and reposted in violation of worldwide trademark and copyright law.
The Utah Division of Consumer Protection joined a multistate agreement with Western Union in an effort to combat fraud perpetrated through the money transfer service.