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.
Analyst Ratings Changes
Several research analysts have weighed in on the stock. Evercore ISI upped their price objective on shares of Western Union from $14.00 to $15.00 and gave the company an in-line rating in a research note on Thursday, April 25th. Citigroup reaffirmed a neutral rating and issued a $13.00 price target on shares of Western Union in a research note on Wednesday, July 17th. Finally, JPMorgan Chase & Co. lifted their price objective on Western Union from $13.00 to $14.00 and gave the company an underweight rating in a research report on Thursday, April 25th. Three research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $13.71.
Western Union Stock Up 0.7 %
Western Union Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.235 per share. The ex-dividend date is Monday, September 16th. This represents a $0.94 annualized dividend and a yield of 7.25%. Western Union’s dividend payout ratio (DPR) is currently 55.62%.
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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