The Western Union Company provides money movement and payment services worldwide. It operates in two segments, Consumer-to-Consumer and Business Solutions. The Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents and sub-agents. This segment offers international cross-border transfers and intra-country transfers, as well as money transfer transactions through websites and mobile devices. The Business Solutions segment provides payment and foreign exchange solutions, primarily cross-border and cross-currency transactions for small and medium size enterprises, other organizations, and individuals; and foreign currency forward and option contracts. The company also offers bill payment services that facilitates payments from consumers to businesses and other organizations, as well as offers money order and other services. It serves primarily through a network of agents. The Western Union Company was founded in 1851 and is headquartered in Denver, Colorado.
IPO Year:
Exchange: NYSE
Website: westernunion.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/4/2024 | Peer Perform → Underperform | Wolfe Research | |
| 12/5/2023 | $12.00 | Market Perform | BMO Capital Markets |
| 10/20/2023 | $14.00 | Neutral | UBS |
| 4/20/2023 | Underperform → Peer Perform | Wolfe Research | |
| 4/10/2023 | Sell → Neutral | UBS | |
| 10/28/2022 | $12.00 | Neutral → Sell | UBS |
| 10/17/2022 | Neutral | Citigroup | |
| 7/20/2022 | $20.00 → $17.00 | Peer Perform → Underperform | Wolfe Research |
| 5/18/2022 | $18.00 | Sell | Goldman |
| 4/29/2022 | $20.00 | Buy → Neutral | Citigroup |
Q3 GAAP revenue of $1.04 billion, down 6% on a reported basis; Adjusted revenue, excluding Iraq, was up 1% Branded Digital reported revenue grew 8%, or 9% on an adjusted basis, with transactions up 15% Consumer Services revenue grew 32% on a reported basis and 15% on an adjusted basis Q3 GAAP EPS of $0.78 or adjusted EPS of $0.46 The Western Union Company (the "Company" or "Western Union") (NYSE:WU) today reported third quarter 2024 financial results. The Company's third-quarter revenue of $1.04 billion decreased 6% on a reported basis. The revenue decline was driven by lower contribution from Iraq compared to the prior year period, which negatively impacted the revenue growth rat
The Western Union Company (NYSE:WU) announced today that Chief Executive Officer, Devin McGranahan, and Chief Financial Officer, Matt Cagwin, will host a webcast and conference call to discuss third quarter 2024 results on October 23, at 4:30 p.m. ET. A press release highlighting the financial results will be issued at approximately 4:05 p.m. ET the same day. The webcast and presentation will be available at https://ir.westernunion.com. A replay of the webcast will be available shortly after the event. To listen to the conference call via telephone in the U.S., dial +1 (719) 359-4580 15 minutes prior to the start of the call, followed by the webinar ID, which is 947 6420 1357, and the pas
Consumer Money Transfer transactions grew 4% in Q2 led by 13% growth in Branded Digital transactions Q2 GAAP revenue of $1.07 billion, down 9% on a reported basis, or down 7% on an adjusted basis, including 7% headwind from Iraq Consumer Services revenue grew 21% on a reported basis and 14% on an adjusted basis Q2 GAAP EPS of $0.41 or adjusted EPS of $0.44 The Western Union Company (the "Company" or "Western Union") (NYSE:WU) today reported second quarter 2024 financial results. The Company's second-quarter revenue of $1.07 billion decreased 9% on a reported basis or decreased 7% on an adjusted basis. The revenue decline was driven by lower contribution from Iraq compared to
The Western Union Company (NYSE:WU) announced today that its board of directors declared a quarterly cash dividend of $0.235 per common share, payable September 30, 2024, to stockholders of record at the close of business on September 16, 2024. About Western Union The Western Union Company (NYSE:WU) is committed to helping people around the world who aspire to build financial futures for themselves, their loved ones and their communities. Our leading cross-border, cross-currency money movement, payments and digital financial services empower consumers, businesses, financial institutions and governments—across more than 200 countries and territories and nearly 130 currencies—to connect w
The Western Union Company (NYSE:WU) announced today that Chief Executive Officer Devin McGranahan and Chief Financial Officer Matt Cagwin will host a webcast and conference call to discuss second quarter 2024 results on July 30, at 4:30 p.m. ET. A press release highlighting the financial results will be issued at approximately 4:05 p.m. ET the same day. The webcast and presentation will be available at https://ir.westernunion.com. A webcast replay will be available shortly after the event. To listen to the conference call via telephone in the U.S., dial +1 (719) 359-4580 15 minutes prior to the start of the call, followed by the meeting ID, which is 931 4556 9038, and the passcode, whic
The Western Union Company (NYSE:WU) announced today that its board of directors declared a quarterly cash dividend of $0.235 per common share, payable June 28, 2024, to stockholders of record at the close of business on June 14, 2024. About Western Union The Western Union Company (NYSE:WU) is committed to helping people around the world who aspire to build financial futures for themselves, their loved ones and their communities. Our leading cross-border, cross-currency money movement, payments and digital financial services empower consumers, businesses, financial institutions and governments—across more than 200 countries and territories and nearly 130 currencies—to connect with billio
Q1 GAAP revenue of $1.05 billion, up 1% on a reported basis, or up 3% on an adjusted basis Q1 GAAP EPS of $0.41, up 3% or adjusted EPS of $0.45, up 5% Consumer Money Transfer transactions grew 6% in Q1 led by 13% growth in Branded Digital transactions Branded Digital revenue grew 9% on reported and adjusted basis Raised 2024 full year guidance for revenue and EPS The Western Union Company (the "Company" or "Western Union") (NYSE:WU) today reported first quarter 2024 financial results. The Company's first-quarter revenue of $1.05 billion improved 1% on a reported basis or grew 3% on a constant currency basis, net of Argentina inflation compared to the prior year period, and
The Western Union Company (NYSE:WU) announced today that Chief Executive Officer Devin McGranahan and Chief Financial Officer Matt Cagwin will host a webcast and conference call to discuss first quarter 2024 results on April 24, at 4:30 p.m. ET. A press release highlighting the financial results will be issued at approximately 4:05 p.m. ET the same day. The webcast and presentation will be available at https://ir.westernunion.com. Registration for the event is required, so please register at least 15 minutes prior to the scheduled start time. A webcast replay will be available shortly after the event. To listen to the conference call via telephone in the U.S., dial +1 (719) 359-4580 15
Q4 GAAP revenue of $1.05 billion, down 4% on a reported basis, or up 3% on an adjusted basis Q4 GAAP EPS of $0.35, down 46%, and Q4 adjusted EPS of $0.37, up 16% Consumer Money Transfer transactions grew 5% in Q4 led by 13% growth in Branded Digital transactions Generated nearly $800 million in operating cash flow in 2023, with adjusted free cash flow conversion over 100% Board of Directors approve dividend of $0.235 per share in the first quarter of 2024 The Western Union Company (the "Company" or "Western Union") (NYSE:WU) today reported fourth quarter and full year 2023 results. The Company's fourth-quarter revenue of $1.05 billion declined 4% on a reported basis or gre
The Western Union Company (NYSE:WU) announced today that Chief Executive Officer Devin McGranahan and Chief Financial Officer Matt Cagwin will host a webcast and conference call to discuss fourth quarter 2023 results on Feb. 6, at 4:30 p.m. ET. A press release highlighting the financial results will be issued at approximately 4:05 p.m. ET the same day. The webcast and presentation will be available at https://ir.westernunion.com. Registration for the event is required, so please register at least 15 minutes prior to the scheduled start time. A webcast replay will be available shortly after the event. To listen to the conference call via telephone in the U.S., dial +1 (719) 359-4580 15 m
Q3 GAAP revenue of $1.04 billion, down 6% on a reported basis; Adjusted revenue, excluding Iraq, was up 1% Branded Digital reported revenue grew 8%, or 9% on an adjusted basis, with transactions up 15% Consumer Services revenue grew 32% on a reported basis and 15% on an adjusted basis Q3 GAAP EPS of $0.78 or adjusted EPS of $0.46 The Western Union Company (the "Company" or "Western Union") (NYSE:WU) today reported third quarter 2024 financial results. The Company's third-quarter revenue of $1.04 billion decreased 6% on a reported basis. The revenue decline was driven by lower contribution from Iraq compared to the prior year period, which negatively impacted the revenue growth rat
The Western Union Company (NYSE:WU) announced today that Chief Executive Officer, Devin McGranahan, and Chief Financial Officer, Matt Cagwin, will host a webcast and conference call to discuss third quarter 2024 results on October 23, at 4:30 p.m. ET. A press release highlighting the financial results will be issued at approximately 4:05 p.m. ET the same day. The webcast and presentation will be available at https://ir.westernunion.com. A replay of the webcast will be available shortly after the event. To listen to the conference call via telephone in the U.S., dial +1 (719) 359-4580 15 minutes prior to the start of the call, followed by the webinar ID, which is 947 6420 1357, and the pas
The Western Union Company (NYSE:WU) today announced that the Company will present at the Goldman Sachs Communacopia + Technology Conference on Wednesday, September 11th. The presentation will begin at 3:45 p.m. Pacific Time and will include comments from Devin McGranahan, Chief Executive Officer. Investors and interested parties will be able to listen to the investor presentation via webcast from www.westernunion.com, under the investor relations section. The archived webcast will be available shortly after the conclusion of the presentation. About Western Union The Western Union Company (NYSE:WU) is committed to helping people around the world who aspire to build financial futures fo
Consumer Money Transfer transactions grew 4% in Q2 led by 13% growth in Branded Digital transactions Q2 GAAP revenue of $1.07 billion, down 9% on a reported basis, or down 7% on an adjusted basis, including 7% headwind from Iraq Consumer Services revenue grew 21% on a reported basis and 14% on an adjusted basis Q2 GAAP EPS of $0.41 or adjusted EPS of $0.44 The Western Union Company (the "Company" or "Western Union") (NYSE:WU) today reported second quarter 2024 financial results. The Company's second-quarter revenue of $1.07 billion decreased 9% on a reported basis or decreased 7% on an adjusted basis. The revenue decline was driven by lower contribution from Iraq compared to
The Western Union Company (NYSE:WU) announced today that its board of directors declared a quarterly cash dividend of $0.235 per common share, payable September 30, 2024, to stockholders of record at the close of business on September 16, 2024. About Western Union The Western Union Company (NYSE:WU) is committed to helping people around the world who aspire to build financial futures for themselves, their loved ones and their communities. Our leading cross-border, cross-currency money movement, payments and digital financial services empower consumers, businesses, financial institutions and governments—across more than 200 countries and territories and nearly 130 currencies—to connect w
The Federación Mexicana de Futbol (FMF) and Soccer United Marketing (SUM) today announced an agreement between Western Union and the Mexican Men's National Team naming the financial services provider as a new official partner during the team's annual "MexTour" which includes matches across the United States. On the road to the 2026 FIFA World Cup in North America, the Mexican Men's National Team is embarking on a three-year period of highly anticipated matches and tournaments as "El Tricolor" prepares to play on the biggest stage in fútbol. Western Union's collaboration with the Mexican National Team's "MexTour" began this past May and June with matches against Bolivia, Uruguay, and Brazi
Western Union exists to transform lives and communities by enabling financial inclusion for people everywhere. Today, the company released its annual Environmental, Social and Governance (ESG) Report showcasing the link between the company's mission, its business strategy and its impact on supporting financial mobility around the world. For more than 170 years, people around the world have trusted Western Union to connect them with friends and family. The company continues to evolve and help customers adapt to an ever-changing world by increasing access to its products and fostering its mission to become the most accessible financial services company in the world. "Throughout our long h
The Western Union Company (NYSE:WU) announced today that Chief Executive Officer Devin McGranahan and Chief Financial Officer Matt Cagwin will host a webcast and conference call to discuss second quarter 2024 results on July 30, at 4:30 p.m. ET. A press release highlighting the financial results will be issued at approximately 4:05 p.m. ET the same day. The webcast and presentation will be available at https://ir.westernunion.com. A webcast replay will be available shortly after the event. To listen to the conference call via telephone in the U.S., dial +1 (719) 359-4580 15 minutes prior to the start of the call, followed by the meeting ID, which is 931 4556 9038, and the passcode, whic
Customers can now access Western Union money transfer services over the Katapulk Marketplace Website and Mobile App Western Union and Katapulk today announced an agreement to offer money transfer services to Cuba from the United States on the Katapulk Marketplace. Western Union resumed its service to Cuba using westernunion.com, its mobile app, and through many of its retail locations across the US last year. The Katapulk online service now gives customers located within the United States an additional channel to send money to close family in Cuba, utilizing Western Union's rails. Once money is sent over the Katapulk Marketplace, which includes the website www.katapulk.com or through
The Western Union Company (NYSE:WU) today announced that the Company will present at the BofA Securities 2024 Global Technology Conference on Tuesday, June 4. The presentation will begin at 2:40 p.m. PDT and will include comments from Matt Cagwin, Chief Financial Officer. Investors and interested parties will be able to listen to the investor presentation via webcast from www.westernunion.com, under the investor relations section. The archived webcast will be available shortly after the conclusion of the presentation. About Western Union The Western Union Company (NYSE:WU) is committed to helping people around the world who aspire to build financial futures for themselves, their loved
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The Western Union Company (NYSE:WU) today announced the appointment of Julie Cameron-Doe to the Company's Board of Directors, effective December 12. "Julie's breadth of finance experience, her inspiring leadership style and growth mindset will serve as great assets as we continue to progress through this period of accelerated transformation," said Devin McGranahan, President and CEO, Western Union. "As we drive toward sustainable growth, we believe that Julie's seasoned expertise in both public and private companies will be crucial in support of our next chapter to expand our value propositions for the aspiring populations of the world." Ms. Cameron-Doe brings a wealth of knowledge in b
The Western Union Company (NYSE:WU) today announces the appointment of Matthew (Matt) Cagwin as Chief Financial Officer (CFO), effective January 20, 2023. Cagwin had served as the Company's interim CFO since September 2022. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230125005724/en/Matt Cagwin (Photo: Business Wire) "Matt is a talented finance executive with broad knowledge of payments and financial service," said Devin McGranahan, President and Chief Executive Officer of Western Union. "His in-depth knowledge and experience will be a valuable asset to our company as we focus on the execution of our strategy." Cagwin joined
PLANO, Texas, Feb. 10, 2022 (GLOBE NEWSWIRE) -- Katapult, a lease-to-own platform that integrates with major e-commerce platforms to power online shopping for non-prime customers, today announced the appointment of Joyce Phillips and Jane J. Thompson to its Board of Directors, effective immediately. Ms. Phillips and Ms. Thompson were appointed to the class of directors that will stand for election at the 2022 Annual Meeting of Stockholders. "Both executives are accomplished business leaders and seasoned board members with an impressive record of achievement at the intersection of technology, finance, retail and banking," said Orlando Zayas, CEO of Katapult. "Their fresh perspective will b
Hikmet Ersek Announces Retirement at the End of 2021 The Western Union Company (NYSE:WU), a leader in cross-border, cross-currency money movement and payments, announces the appointment of Devin B. McGranahan as new Chief Executive Officer (CEO). After a comprehensive succession planning process, the Board of Directors has appointed McGranahan to succeed Hikmet Ersek as CEO by year end 2021. McGranahan has also been appointed to the Board of Directors. After 21 years at Western Union, including the past 11 years as CEO, Hikmet Ersek (61) announced his retirement from the role as CEO and Director of Western Union by December 31st, 2021. Ersek will support the transition as a special advisor
New Role to Advance DEI as a Key Pillar of Company's Enhanced Environmental, Social and Governance Strategy The Western Union Company (NYSE:WU), a global leader in cross-border, cross-currency money movement and payments, today announced the appointment of Shannon Armbrecht as its first Chief Diversity and Talent Officer. Armbrecht commences her role with immediate effect, reporting directly to Richard Williams, Chief People Officer. In her new role, Armbrecht will provide strategic direction for enterprise-wide programs that accelerate alignment of talent, employee relations, culture and capabilities with Western Union's commitment to its DEI goals. Additionally, she will drive the strat
Fitzgerald to Drive Business Growth by Building on Western Union's Leadership Position in Global Consumer Money Movement and Expanding its Digital Payments Partnerships The Western Union Company (NYSE:WU), a global leader in cross-border, cross-currency money movement and payments, today announced the appointment of Gabriella Fitzgerald as President, Americas Region. Effective September 13, 2021, Gabriella will lead Western Union's business in the region, driving the company's market development and growth across all products, channels and customer segments. She will join the Executive Team and will report directly to Western Union CEO Hikmet Ersek. This press release features multimedia.
Cushman & Wakefield (NYSE:CWK) today announced the appointment of Angela Sun to its Board of Directors. Sun is a Partner at Rise Health Group, a digital health company. Sun will join the Board as an independent director on November 1, 2021. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210809005378/en/Angela Sun (Photo: Business Wire) "Angela's years of experience serving on boards and working across a diverse range of sectors, including data and technology, financial services, government and healthcare, will prove extremely valuable to our firm as we strive to provide innovative solutions to our clients. We are pleased to welco
Wolfe Research downgraded Western Union from Peer Perform to Underperform
BMO Capital Markets initiated coverage of Western Union with a rating of Market Perform and set a new price target of $12.00
UBS resumed coverage of Western Union with a rating of Neutral and set a new price target of $14.00
Wolfe Research upgraded Western Union from Underperform to Peer Perform
UBS upgraded Western Union from Sell to Neutral
UBS downgraded Western Union from Neutral to Sell and set a new price target of $12.00
Citigroup resumed coverage of Western Union with a rating of Neutral
Wolfe Research downgraded Western Union from Peer Perform to Underperform and set a new price target of $17.00 from $20.00 previously
Goldman initiated coverage of Western Union with a rating of Sell and set a new price target of $18.00
Citigroup downgraded Western Union from Buy to Neutral and set a new price target of $20.00
Western Union's (NYSE:WU) short percent of float has risen 3.45% since its last report. The company recently reported that it has 18.71 million shares sold short, which is 7.2% of all regular shares that are available for trading. Based on its trading volume, it would take traders 6.98 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is
Western Union integration with both GraceKennedy's GKOne mobile application and Lynk mobile wallet provides Jamaican customers with choice and unparalleled access to funds sent from abroadWestern Union today announced growth in its portfolio of digital capabilities providing Jamaicans with more ways to receive cross-border remittances from virtually anywhere in the world.Jamaicans can now access Western Union money transfer services through GraceKennedy's GKOne mobile wallet app and Lynk's mobile wallet app, giving customers the option to receive money digitally. This allows for instant access to funds, 24/7, from anywhere. The addition of the two largest mobile wallets in Jamaica complement
Western Union, in coordination with its processing partner Orbit S.A., today announced the resumption of its service from the United States to Cuba, effective immediately.With service reinstated, Western Union customers are now once again able to send money from any U.S. retail location, WesternUnion.com or the Western mobile app to close family in Cuba with bank and debit card accounts at the following banks in Cuba: Banco Popular de Ahorro, Banco Metropolitano S.A. and Banco de Credito y Comercio (Bandec)."We understand our service is a crucial connection between those living in the U.S. and their family living in Cuba," said Rodrigo Garcia Estebarena, President, Western Union North Americ
Western Union and Adonis supermarkets today announced a strategic alliance to help facilitate cross-border money transfer capabilities in Canada.The alliance benefits scores of consumers in Canada by offering Western Union services in the following Adonis locations in Montreal:Adonis Seville: 2173 St.-Catherine St. WAdonis Griffintown: 225 Peel St."We are excited to establish this new alliance with Adonis," said Ari Hagnas, Vice President and Head of Western Union Canada. "Adonis and its unique offerings reflect its mission to provide quality food and a philosophy that we share by focusing its efforts on the customer experience. We look forward to working with them to benefit our collective
Corporate earnings came to the market’s rescue in the past week, helping to overcome rate fears. As we look ahead to the unfolding week, it remains to be seen whether the tech earnings deluge can keep the rally’s momentum going. The Week That Was: High-profile Magnificent Seven earnings panned out mostly positively for the market, with Meta Platforms, Inc. (NASDAQ:META) the outlier. The social media giant’s stock fell sharply as traders fretted over the soft second-quarter revenue guidance and the company’s massive AI investment plans. Tesla, Inc. (NASDAQ:TSLA) managed to appease the Street despite the double miss as it held out the promise of an expeditious launch of a more affordab
JP Morgan analyst Tien-Tsin Huang maintains Western Union (NYSE:WU) with a Underweight and raises the price target from $13 to $14.
In the preceding three months, 4 analysts have released ratings for Western Union (NYSE:WU), presenting a wide array of perspectives from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 3 1 0 Last 30D 0 0 1 0 0 1M Ago 0 0 1 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 1 1 0 Analysts have set 12-month price targets for Western Union, revealing an average target of $13.25, a high estimate of $15.00, and a low estimate of $11.00. Witnessing a positive shift, the cur
Evercore ISI Group analyst David Togut maintains Western Union (NYSE:WU) with a In-Line and raises the price target from $14 to $15.
Western Union (NYSE:WU) reported quarterly earnings of $0.45 per share which beat the analyst consensus estimate of $0.41 by 9.76 percent. The company reported quarterly sales of $1.05 billion which beat the analyst consensus estimate of $1.01 billion by 3.90 percent. This is a 1.16 percent increase over sales of $1.04 billion the same period last year.