The Western Union (NYSE:WU) Updates FY18 Earnings Guidance
The Western Union (NYSE:WU) updated its FY18 earnings guidance on Thursday. The company provided EPS guidance of $1.88-1.95 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.85. The company issued revenue guidance of low single digits (+1.5% YoY), compared to the consensus revenue estimate of $5.68 billion.The Western Union also updated its FY 2018 guidance to $1.88-1.95 EPS.
The Western Union stock traded down $0.15 during trading on Friday, reaching $18.82. The company had a trading volume of 5,083,159 shares, compared to its average volume of 5,406,218. The Western Union has a 52 week low of $17.40 and a 52 week high of $22.21. The stock has a market cap of $8.19 billion, a P/E ratio of 10.46, a P/E/G ratio of 2.25 and a beta of 1.01.
The Western Union (NYSE:WU) last announced its earnings results on Thursday, November 1st. The credit services provider reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.04. The Western Union had a negative return on equity of 194.60% and a negative net margin of 8.55%. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period last year, the firm earned $0.53 EPS. The Western Union’s revenue for the quarter was down 1.2% compared to the same quarter last year. As a group, equities research analysts anticipate that The Western Union will post 1.92 EPS for the current fiscal year.
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About The Western Union
The Western Union Company provides money movement and payment services worldwide. The company operates in two segments, Consumer-to-Consumer and Business Solutions. The Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents. This segment offers international cross-border transfers and intra-country transfers, as well as money transfer transactions through Websites and mobile devices.
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