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.

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