Thu, Jul. 30, 4:06 PM
Thu, Jul. 2, 3:52 PM
- Western Union (NYSE:WU) has tanked today, now -7% to its lowest point since mid-February, following the news that PayPal is swallowing money transfer provider Xoom for $890M, giving PayPal a big entree into international transfers.
- Citigroup is down on Western Union's prospects, for one: "Xoom has been a formidable competitor to Western Union’s online business, which although small (~5% of Western Union overall revenues), has represented nearly half of the growth in Western Union’s C2C segment in recent quarters."
- With nearly $2B in cash, Western Union could make a counter-bid -- and Xoom has traded slightly above PayPal's offer price today -- but it might not be able to win a bidding war with eBay.
- Evercore downgraded WU to Hold following the deal, as well.
Wed, May 6, 9:11 AM
Tue, May 5, 5:28 PM
Tue, Feb. 10, 4:21 PM
- Western Union (NYSE:WU) reports revenue increased 4% in Q4 before the impact of foreign currency translation.
- Consumer-to-business revenue was up 4% to offset in part a 2% slip in consumer-to-consumer revenue.
- Operating margin +310 bps to 19.6%.
- 2015 guidance: Revenue growth at a low single-digit rate (constant currency) and EPS of $1.58-$1.65 expected.
- Previously: Western Union beats by $0.08, misses on revenue
- WU +3.4% after hours.
Tue, Feb. 10, 4:04 PM
Oct. 31, 2014, 8:17 AM
- Western Union (NYSE:WU) trades higher in early action after the company tops the estimate of analysts with its Q3 report.
- Operating margin improved by 80 bps to 21.8% during the quarter to help alleviate some concerns on the impact of new competition.
- Consumer-to-consumer transaction volume +5%.
- Guidance: Full-year EPS outlook raised to $1.50 from $1.45-$1.50 prior.
- WU +3.3% premarket.
Oct. 30, 2014, 4:20 PM
Apr. 17, 2014, 10:06 AM
- Wal-Mart (WMT +0.2%) announces the launch of Walmart-2-Walmart Money Transfer Service at more than 4K of its stores in the U.S. The company is partnering with Euronet (EEFT +4.2%) on the initiative.
- The money transfer service is significantly cheaper than alternatives, according to Wal-Mart.
- Sector watch: Shares of Western Union (WU -5.8%), Xoom (XOOM -2.7%), Green Dot (GDOT -1.8%), and Moneygram (MGI -15.4%) are getting smacked around a little bit off the development.
Apr. 17, 2014, 9:15 AM
Feb. 12, 2014, 12:16 PM
- Yes, results were depressed, says analyst Doug Greiner, but with the stock trading at just 10x 2015 estimates, so is the valuation. A return to a 12.5x multiple on his 2015 EPS estimate of $1.60 makes for a return potential of nearly 25%, including the dividend. "Given that our current financial projections are based on depressed assumptions, our bias for numbers is to the upside."
- WU +2.1%
Feb. 11, 2014, 4:11 PM
- Western Union (WU) reports total C2C transactions increased 9% in Q4 as pricing initiatives spurred demand.
- Those same pricing initiatives cut into operating margin, as the rate dropped to 16.8% for the period compared to 20.1% a year ago.
- The company approved a new $500M share repurchase plan with an expiration date of June 30, 2015.
- FY14 EPS guidance is set at $1.40-$1.50 vs. $1.46 consensus.
- WU -1.3% AH
Oct. 30, 2013, 9:46 AM
Oct. 30, 2013, 9:13 AM
Oct. 29, 2013, 5:42 PM
Jul. 30, 2013, 10:45 AM
- Western Union (WU +6.6%) gets a neat little bounce after the company's Q2 report didn't come in as weak as expected.
- On a year-over-year comparison, revenue dropped 3% and profit fell 27% with the company forced to lower prices to compete.
- Improving sales for Western Union's business solutions and new developments with mobile and web initiatives appear to be helping to buoy sentiment.
Western Union Co is engaged in global money transfer and payment services, providing people with fast, reliable and convenient ways to send money around the world. Its segments are Consumer-to-Consumer, Consumer-to-Business and Business Solutions.
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