WU Stock Recent News

Western Union's (WU) fourth-quarter results are likely to reflect improved profits and lower operating costs.

DENVER--(BUSINESS WIRE)--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,.

Western Union has underperformed for three consecutive years, but now is a good time to invest due to its penetration into the growing cross-border payments market. The company's Evolve 2025 plan and aggressive growth strategies have increased investor confidence and led to positive revenue growth. Western Union's low valuations, high dividend yield, and strong cash generation make it a strong stock for long-term investment.

Western Union's (WU) C2C transactions are expected to witness continuous growth in the coming days.

Western Union says it has expanded its network of concept stores in Europe. The cross-border money transfer provider announced Wednesday (Dec. 6) that it now has 100 concept stores and “company-owned hubs” across the continent, with plans to “significantly” expand that number through 2025.

Western Union reported a revenue of $1097.80 million, up 1% compared to $1089.60 million in Q3FY22. The comparison of the forward P/E ratio of 5.81x with the sector median of 8.56x shows WU is undervalued. With a capital return of 47.3% and dividend yield of 8.01%, investors can expect a total return of 55.31%.

Western Union is a global leader in cross-border money transfers and has proved a disappointing investment. The company has been facing challenges due to the rise of digital payment platforms. WU has been focused on a digital transformation and has made some progress but has a long way to go.

Paysend, a card-to-card and international payments platform, and Western Union, a provider of cross-border money movement and payment services, have partnered on cross-border money transfer services. This collaboration aims to provide seamless and efficient cross-border money transfer capabilities to customers using Western Union's digital platform, the companies said in a Monday (Oct. 30) press release.

Western Union edged out estimates and raised its guidance modestly. Investors still seem to doubt the company's turnaround strategy.

Western Union, a provider of cross-border money movement and payment services, has focused on digital conversion to enhance its services and improve customer experiences. The company's third-quarter results released Wednesday (Oct. 25), show growth of 3% in its branded digital revenue year over year (YoY) for the quarter ending Sept.