Revenue Update on The Western Union Company(NYSE:WU)

The Western Union Company(NYSE:WU) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $1.38B. Analysts estimated a revenue of $1.38B. Earnings per share were $0.44. Analysts had estimated an EPS of $0.40.

In a different note, On Jul 7, 2016, Barclays said it Downgrades its rating on The Western Union Company. The shares have been rated ‘Underweight’ by the firm.

The Western Union Company (WU) shares turned negative on Fridays trading session with the shares closing down -0.11 points or -0.52% at a volume of 16,61,147. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $21.05. The peak price level was also seen at $21.05 while the days lowest was $20.93. Finally the shares closed at $20.97. The 52-week high of the shares is $21.42 while the 52-week low is $16.02. According to the latest information available, the market cap of the company is $10,228 M.

The Western Union Company has also declared a cash dividend of $0.1600 on Jul 14, 2016. The shares will quote ex-dividend on Sep 14, 2016 and the record date has been fixed on Sep 16, 2016. The dividend payable date has been fixed on Sep 30, 2016.

Several Insider Transactions has been reported to the SEC. On Apr 21, 2016, Amintore Schenkel (Chief Acct. Officer) sold 28,816 shares at $20.13 per share price.Also, On Apr 12, 2016, Odilon Almeida (EVP & Pres, Americas & Europe) sold 2,014 shares at $19.58 per share price.On Feb 18, 2016, Richard L Williams (EVP & Chief Human Res. Ofcr.) purchased 300 shares at $17.84 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.

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