TransUnion (NYSE:TRU) Updates FY24 Earnings Guidance

TransUnion (NYSE:TRU) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share guidance of $3.69 to $3.86 for the period, compared to the consensus earnings per share estimate of $3.74. The company issued revenue guidance of $4.023 billion to $4.083 billion, compared to the consensus revenue estimate of $4.02 billion. TransUnion also updated its FY 2024 guidance to 3.690-3.860 EPS.

TransUnion Stock Up 0.2 %

TRU stock traded up $0.18 during trading on Friday, reaching $74.47. 1,873,346 shares of the stock were exchanged, compared to its average volume of 1,713,301. The firm’s 50 day moving average is $76.33 and its 200 day moving average is $67.88. TransUnion has a twelve month low of $42.09 and a twelve month high of $82.75. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.28. The firm has a market cap of $14.46 billion, a P/E ratio of -50.40, a price-to-earnings-growth ratio of 1.06 and a beta of 1.61.

TransUnion (NYSE:TRU) last posted its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.12. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $977.62 million. TransUnion had a positive return on equity of 13.58% and a negative net margin of 7.50%. As a group, research analysts forecast that TransUnion will post 3.31 EPS for the current year.

TransUnion Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Thursday, March 7th were issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend was Wednesday, March 6th. TransUnion’s dividend payout ratio is currently -28.19%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TRU. Robert W. Baird boosted their price objective on TransUnion from $87.00 to $94.00 and gave the stock an outperform rating in a report on Friday. Morgan Stanley boosted their price objective on TransUnion from $87.00 to $90.00 and gave the stock an overweight rating in a report on Friday. Bank of America raised TransUnion from an underperform rating to a neutral rating and upped their target price for the company from $65.00 to $90.00 in a report on Monday, April 1st. StockNews.com raised TransUnion from a sell rating to a hold rating in a report on Tuesday, January 23rd. Finally, Needham & Company LLC upped their target price on TransUnion from $87.00 to $89.00 and gave the company a buy rating in a report on Thursday. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $83.60.

Insider Activity at TransUnion

In related news, EVP Timothy J. Martin sold 12,000 shares of TransUnion stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $78.59, for a total transaction of $943,080.00. Following the completion of the sale, the executive vice president now owns 54,522 shares of the company’s stock, valued at $4,284,883.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other TransUnion news, EVP Timothy J. Martin sold 12,000 shares of TransUnion stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $78.59, for a total transaction of $943,080.00. Following the sale, the executive vice president now directly owns 54,522 shares of the company’s stock, valued at approximately $4,284,883.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Richard Dane Mauldin sold 1,500 shares of TransUnion stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $78.10, for a total value of $117,150.00. Following the sale, the executive vice president now directly owns 22,033 shares in the company, valued at $1,720,777.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,275 shares of company stock valued at $1,204,538. Company insiders own 0.22% of the company’s stock.

About TransUnion

TransUnion operates as a global consumer credit reporting agency that provides risk and information solutions. The company operates through U.S. Markets, International, and Consumer Interactive segments. The U.S. Markets segment provides consumer reports, actionable insights, and analytic services to businesses, which uses its services to acquire new customers; assess consumer ability to pay for services; identify cross-selling opportunities; measure and manage debt portfolio risk; collect debt; verify consumer identities; and mitigate fraud risk.