The Western Union Company (WU) was Downgraded by Susquehanna to ” Negative”. Earlier the firm had a rating of “Neutral ” on the company shares. Susquehanna advised their investors in a research report released on Sep 19, 2016.
Many Wall Street Analysts have commented on The Western Union Company. The Western Union Company was Downgraded by Susquehanna to ” Negative” on Sep 19, 2016. 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 $20.37 and hit $20.39 on the upside on Friday, eventually ending the session at $20.33, with a gain of 0.05% or 0.01 points. The heightened volatility saw the trading volume jump to 6,295,560 shares. Company has a market cap of $9,916 M.
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.