The Western Union Company (WU) reported quarterly earnings results on Wednesday, Aug-3-2016. The company said it had a profit of $0.42 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.40. The company posted revenue of $1375.70 million in the period, compared to analysts expectations of $1376.71 million. The company’s revenue was down -.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS.
Many Wall Street Analysts have commented on The Western Union Company. Barclays Downgraded The Western Union Company on Jul 7, 2016 to ” Underweight”, Price Target of the shares are set at $20.
The Western Union Company closed down -0.33 points or -1.65% at $19.63 with 34,54,588 shares getting traded on Tusday. Post opening the session at $19.9, the shares hit an intraday low of $19.54 and an intraday high of $19.92 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
Investors should note that on Jul 14, 2016, The Western Union Company announced a cash dividend of $0.1600. The company’s management has announced Sep 14, 2016 as the ex-dividend date and fixed the record date on Sep 16, 2016. The payable date has been fixed on Sep 30, 2016.
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.