On Wednesday, Shares of The Western Union Company (NYSE: WU) lost -1.61% to $20.11. The stock opened its trade at $20.50 and after floating in a price range of $20.09 to $20.54; the stock grabbed the investor’s attention and traded 2.15M shares as compared to its average daily volume of 4.36M shares.
Western Union Co. (WU) stated first-quarter earnings of $213.60M. The Englewood, Colorado-based company said it had profit of 46 cents per share. Earnings, adjusted for pretax gains, came to 45 cents per share. The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.
The money transfer company posted revenue of $1.390B in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $1.350B. Western Union anticipates full-year earnings in the range of $1.80 to $1.90 per share.
WU has a market value of $9.26B while its EPS was booked as $0.68 in the last 12 months. The stock has 460.28M shares outstanding. In the profitability analysis, the company has gross profit margin of 39.70% while net profit margin was -9.00%. Beta value of the company was 1.05; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 3.00.