Is The Western Union Company Stock Attractive?

is the western union company stock attractive

Sumary of Is The Western Union Company Stock Attractive?:

  • The Western Union Company is an American financial services and communications company providing fast and reliable money transfer services.
  • (Photo by Roberto Machado Noa/LightRocket via Getty Images) LightRocket via Getty Images [Updated 11/26/2021] The Western Union Company Update The Western Union Company stock (NYSE: WU) currently trades at close to $17 per share, around 40% below its pre-Covid-19 peak.
  • The company is a market leader in cross-border money movement and payment services.
  • The accelerated Covid-19 vaccination program and lifting of lockdown restrictions in the year have benefited the economic activity, but the recovery is slow.
  • While The Western Union Company’s revenues for the first six months of 2021 increased 8% y-o-y, the growth slowed down in the third quarter – Q3 revenues gained just 2% y-o-y.
  • The company has posted mixed results in the recently released third-quarter results, topping the earnings consensus and missing the revenue expectations.
  • Further, the street is expecting WU to report total revenues of around $1.29 billion in the fourth quarter, taking the full-year figure to $5.08 billion – approximately 4% below the 2019 figure.
  • This slow recovery has made investors positively cautious about WU stock.

Want to know more click here go to source.

From -

Generic selectors
Exact matches only
Search in title
Search in content

Site Language

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.