The Western Union Company
WU
ISIN US9598021098 / Valor 2702470
The Western Union Company
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About company
The Western Union Company is a global financial services and communications company that provides money transfer services to individuals and businesses worldwide. The company operates an extensive telegraph network and utilizes geosynchronous communications satellites to facilitate the transfer of funds. In addition to money transfer services, Western Union also leases bandwidth to other firms for various communication purposes. The company's philanthropic arm, the Western Union Foundation, focuses on creating economic opportunities for disadvantaged youth and migrants through strategic investments in nonprofits. Since 2001, the foundation has invested over $140 million across 150 geographies, benefiting millions of people worldwide. With a network of over 500,000 Agent locations, Western Union offers money transfer services to every country on Earth except Iran and North Korea.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (20.08.2024):
Revenue Decline
The Western Union Company reported second-quarter 2024 revenue of $1.07 billion, which represents a 9% decrease on a reported basis and a 7% decrease on an adjusted basis. The decline was primarily driven by lower contributions from Iraq and the sale of Business Solutions. Excluding Iraq, the company saw positive adjusted revenue growth for the first time since 2021.
Earnings Per Share
For the second quarter of 2024, The Western Union Company reported GAAP earnings per share (EPS) of $0.41, down from $0.47 in the prior year period. Adjusted EPS was $0.44, compared to $0.51 in the previous year. The decline in EPS was mainly due to lower operating profit associated with reduced revenue from Iraq, partially offset by a lower share count.
Consumer Money Transfer
The Consumer Money Transfer (CMT) segment saw a 10% decrease in revenue on a reported basis and a 9% decrease on an adjusted basis. However, transactions in this segment increased by 4% compared to the prior period. Excluding Iraq, transaction growth was 5% for the second quarter of 2024, consistent with the first quarter of the year.
Branded Digital Growth
The Branded Digital segment of The Western Union Company experienced a 5% increase in revenue on a reported basis and a 7% increase on an adjusted basis, with transaction growth of 13%. This segment represented 24% of total Consumer Money Transfer revenues and 31% of total transactions for the second quarter of 2024.
2024 Outlook
The Western Union Company reiterated its full-year 2024 outlook, assuming no significant changes in macroeconomic conditions. The company expects GAAP revenue to be between $4.125 billion and $4.200 billion, with an adjusted revenue range of $4.150 billion to $4.225 billion. The GAAP operating margin is projected to be between 18% and 20%, while the adjusted operating margin is expected to be between 19% and 21%. GAAP EPS is forecasted to be between $1.62 and $1.72, with adjusted EPS ranging from $1.70 to $1.80.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
3611 M
Market cap (USD)
503,771
Daily traded volume (Shares)
10.6 / 10.45
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
Tej Ram Kumpakha
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