Western Union Stock Price, News & Analysis

The Western Union Company (NYSE: WU) will host a webcast and conference call on February 7, 2023, at 4:30 p.m. ET, to discuss its fourth quarter and full year 2022 results. The company's press release detailing the financial results will be issued at approximately 4:05 p.m. ET on the same day. Interested parties can access the webcast and register prior to the event. The company is a leader in cross-border, cross-currency money movement and payments, connecting consumers, businesses, and governments across more than 200 countries and territories through a vast financial network.

The Western Union Company (NYSE: WU) has declared a quarterly cash dividend of $0.235 per common share, scheduled for payment on December 30, 2022. Stockholders must be on record by the close of business on December 19, 2022. Western Union is renowned for its leadership in cross-border and cross-currency money transfers, linking over 200 countries. This dividend announcement signifies the company's commitment to returning value to shareholders during its operations in the global financial network.

The Western Union Company (NYSE: WU) announced that Devin McGranahan, CEO, and Matt Cagwin, Interim CFO, will present at the Credit Suisse Technology Conference on November 30, 2022, starting at 1:40 p.m. MST. The presentation is expected to last about 30 minutes. Investors can access the live webcast through the investor relations section of Western Union's website, with an archived version available post-presentation.

Western Union is a leader in cross-border money transfers, connecting consumers and businesses in over 200 countries with a vast financial network.

Western Union (NYSE: WU) and Walgreens (NASDAQ: WBA) announced a renewed five-year agreement, allowing customers to access Western Union's Money Transfer and bill payment services at approximately 9,000 Walgreens locations across the U.S. This partnership reflects both companies' commitment to delivering convenient financial services. Western Union's global network enables fast money transfers, enhancing customer engagement. The collaboration highlights Western Union's ongoing investment in expanding its omni-channel product offerings to meet diverse consumer financial needs.

The Western Union Company (NYSE: WU) reported a Q3 2022 GAAP earnings per share (EPS) of $0.45, down from $0.57 year-over-year. Revenue decreased 15% to $1.1 billion, influenced by operations suspension in Russia and Belarus, and inflation in Argentina. The company's operating margin fell, with GAAP at 21.3% and adjusted at 20.6%. Despite lower results, the company affirmed its 2022 financial outlook, anticipating a mid-single digit decline in adjusted revenue. Notably, U.S. outbound digital customer growth accelerated by 26% in September.

The Western Union Company (NYSE: WU) has introduced its Evolve 2025 strategy aimed at enhancing financial services for aspiring populations globally. The strategy is expected to lead to improved revenue trends from 2023 through 2025, with projected annual growth.

In 2023, revenue is anticipated to decline by 10% to 8% due to various factors, including the sale of Business Solutions and foreign exchange fluctuations. However, operating margins are projected between 19% to 21%, with mid-single digit EPS growth expected in 2024 and 2025.

The Western Union Company (NYSE: WU) anticipates third quarter 2022 GAAP earnings per share (EPS) of $0.45 and adjusted EPS of $0.42. Preliminary revenue is expected at $1.1 billion, marking a 15% decline year-over-year. The company reaffirmed its financial outlook for 2022, projecting GAAP EPS between $2.18 - $2.28. An Investor Day is scheduled for October 20, 2022, to discuss long-term strategies. Final third quarter results will be released on November 1, 2022, with a webcast call at 4:30 PM ET. The impact of geopolitical events and inflation in Argentina affected the results significantly.

Western Union has launched a new service allowing Chinese nationals to receive international money transfers in real-time via Weixin as a collaboration with Tencent Financial Technology and Shanghai Pudong Development Bank. This service targets Weixin's large user base, facilitating transfers of up to USD3000 per transaction directly into bank accounts. The move aims to enhance Western Union's presence in China, one of the top recipients of remittances globally, receiving approximately USD53 billion in 2021.

The Western Union Company (NYSE: WU) will host an investor day on October 20, 2022, in New York City. The event starts at 9:00 a.m. Eastern Time and ends at 12:30 p.m. Eastern Time. President and CEO Devin McGranahan and the Executive Leadership Team will discuss the Company’s long-term strategy followed by a Q&A session. A live webcast is available at ir.westernunion.com, with registration required at least 15 minutes before the event. A replay will be accessible post-event.