The Western Union Company (WU) was Downgraded by Monness Crespi & Hardt to ” Neutral” while Lowering the Price Target of the company shares to $ 22 from a previous price target of $22 . Earlier the firm had a rating of “Buy ” on the company shares. Monness Crespi & Hardt advised their investors in a research report released on Sep 8, 2016.
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.
On the company’s financial health, The Western Union Company reported $0.42 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.40. The company had revenue of $1375.70 million for the quarter, 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.
The Western Union Company opened for trading at $21.76 and hit $21.8 on the upside on Wednesday, eventually ending the session at $21.77, with a gain of 0.05% or 0.01 points. The heightened volatility saw the trading volume jump to 2,676,966 shares. Company has a market cap of $10,618 M.
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 Aug 31, 2016, Rajesh K. Agrawal (EVP & CFO) sold 9,263 shares at $21.50 per share price. According to the SEC, on Aug 31, 2016, Odilon Almeida (EVP & Pres, Americas & Europe) sold 18,064 shares at $21.57 per share price. On Aug 25, 2016, Hikmet Ersek (President and CEO) sold 276,127 shares at $21.50 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.