Western Union Company (NYSE:WU) shares, rose in value, with the stock price up by 0.45% to the previous day’s close as strong demand from buyers drove the stock to $13.50.
Actively observing the price movement in the last trading, the stock closed the session at $13.44. The value of beta (5-year monthly) was 0.86 whereas the PE ratio was 8.03 over 12-month period. Referring to stock’s 52-week performance, its high was $14.19, and the low was $10.37. On the whole, WU has fluctuated by -1.89% over the past month.
With the market capitalization of Western Union Company currently standing at about $4.62 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 30, 2024 – May 06, 2024. The company’s Forward Dividend Ratio is 0.94, with its dividend yield at 6.96%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.41, which is expected to increase to $0.49 for fiscal year $1.7 and then to about $1.78 by fiscal year 2025. Data indicates that the EPS growth is expected to be -2.30% in 2025, while the next year’s EPS growth is forecast to be 4.70%.
Analysts have estimated the company’s revenue for the quarter at $1.01 billion, with a low estimate of $975 million and a high estimate of $1.08 billion. According to the average forecast, sales growth in current quarter could jump up 1.10%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $4.14 billion, representing a decrease of -5.00% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that WU’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 4.96, with the price of WU currently trading nearly -1.57% and 2.42% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.19, while the 7-day volatility ratio is showing 1.70% which for the 30-day chart, stands at 1.96%. Furthermore, Western Union Company (WU)’s beta value is 0.86, and its average true range (ATR) is 0.27.
A comparison of Western Union Company (WU) with its peers suggests the former has fared considerably weaker in the market. WU showed an intraday change of 0.45% in last session, and over the past year, it grew by 24.20%%.
Data on historical trading for Western Union Company (NYSE:WU) indicates that the trading volumes over the past 10 days have averaged 3.12 million and over the past 3 months, they’ve averaged 4.62 million. According to company’s latest data on outstanding shares, there are 350.50 million shares outstanding.
Nearly 0.69% of Western Union Company’s shares belong to company insiders and institutional investors own 95.29% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 21.2 million shares as on Mar 15, 2024, resulting in a short ratio of 4.61. According to the data, the short interest in Western Union Company (WU) stood at 6.20% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 19.87 million. The stock has risen by 13.26% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WU stock heading into the next quarter.
