From Investing.com:

Western Union’s fourth-quarter revenue rose to $1.050 billion, marking a 3% increase on a constant currency basis, and adjusted earnings per share grew by 16% to $0.37. The company also returned $650 million to shareholders through dividends and stock buybacks, exemplifying its strong commitment to shareholder value. A partnership with Visa was announced, expanding services in 40 countries across five regions. The company expects 2024 adjusted revenue to be between $4.1 billion and $4.2 billion, and adjusted operating margins of 19% to 21%, with EPS of $1.65 to $1.75.
Western Union projects 2024 adjusted revenue in the range of $4.1 billion to $4.2 billion, with adjusted operating margins between 19% and 21%, and an EPS range of $1.65 to $1.75 for the next year. The company aims to focus on growing the profitable Consumer Services segment revenue by double-digit percentages annually. Despite some challenges, such as a decline in revenue per transaction in the physical retail business and a decrease in overall volumes in the Middle East, Western Union has achieved strong transaction growth in the digital business and has maintained stable trends in the retail business. Improved customer retention and acquisition, emphasis on high-quality cross-border remittance customers, and a focus on a positive shift in the LTV to ratio are also highlights. The company did not provide specific guidance for revenue growth in the physical retail business for 2024. Executives discussed the impact of geopolitical events in the Middle East during the Q&A session and provided insights into their customer acquisition costs and marketing strategy.
InvestingPro Insights reveal that Western Union is committed to shareholder value, as reflected in their aggressive share buyback strategy and significant dividend yield of 7.5%. Despite some challenges, analysts remain optimistic about the company’s profitability and its potential for growth. With a low P/E Ratio and a Price / Book ratio that might suggest a higher valuation, InvestingPro’s insights provide a comprehensive understanding of Western Union’s financial health and market position, guiding investment decisions. Consideration of InvestingPro Tips can lead to informed investment strategies, unlocking the full potential of Western Union’s financial health and market position.



Read more: Western Union reports growth and strategic progress in Q4 By Investing.com