The Western Union Company (WU) reported quarterly earnings results on Tuesday, May-3-2016. The company reported $0.37 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.38. The company posted revenue of $1297.70 million in the period, compared to analysts expectations of $1313.67 million. The company’s revenue was down -1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS.
Many Wall Street Analysts have commented on The Western Union Company. Compass Point Initiated The Western Union Company on Apr 15, 2016 to “Neutral”, Price Target of the shares are set at $20.The Western Union Company was Downgraded by Macquarie to ” Neutral” on Feb 10, 2016. Shares were Reiterated by Deutsche Bank on Feb 10, 2016 to “Hold” and Lowered the Price Target to $ 19 from a previous price target of $20 .
The Western Union Company opened for trading at $20.11 and hit $20.18 on the upside on Monday, eventually ending the session at $20.1, with a gain of 0.50% or 0.1 points. The heightened volatility saw the trading volume jump to 53,90,755 shares. Company has a market cap of $10,088 M.
In a different news, on Apr 21, 2016, Amintore Schenkel (Chief Acct. Officer) sold 28,816 shares at $20.13 per share price. According to the SEC, on Apr 12, 2016, Odilon Almeida (EVP & Pres, Americas & Europe) sold 2,014 shares at $19.58 per share price. On Feb 18, 2016, Richard L Williams (EVP & Chief Human Res. Ofcr.) purchased 300 shares at $17.84 per share price, according to the Form-4 filing with the securities and exchange commission.
The Western Union Company (Western Union) is a global provider of money movement and payment services. The Company classifies its businesses into three: Consumer-to-Consumer Consumer-to-Business and Business Solutions. The Consumer-to-Consumer operating segment facilitates money transfers between two consumers primarily through a network of third-party agents. The Consumer-to-Business operating segment facilitates bill payments from consumers to businesses and other organizations including utilities auto finance companies mortgage servicers financial service providers government agencies and other businesses. The Consumer-to-Business payments services are available through a variety of services that include Speedpay Pago Facil and Western Union Payments. The Business Solutions operating segment facilitates payment and foreign exchange solutions primarily cross-border cross-currency transactions for small and medium size enterprises and other organizations and individuals.