TransUnion (NYSE:TRU) Issues FY 2024 Earnings Guidance

TransUnion (NYSE:TRU) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 3.690-3.860 for the period, compared to the consensus EPS estimate of 3.700. The company issued revenue guidance of $4.0 billion-$4.1 billion, compared to the consensus revenue estimate of $4.0 billion. TransUnion also updated its FY24 guidance to $3.69 to $3.86 EPS.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. The Goldman Sachs Group lifted their price target on shares of TransUnion from $63.00 to $72.00 and gave the stock a neutral rating in a research report on Friday, December 29th. Barclays lifted their price target on shares of TransUnion from $55.00 to $75.00 and gave the stock an equal weight rating in a research report on Wednesday, February 14th. Needham & Company LLC boosted their price objective on shares of TransUnion from $87.00 to $89.00 and gave the company a buy rating in a research report on Thursday. Morgan Stanley boosted their price objective on shares of TransUnion from $87.00 to $90.00 and gave the company an overweight rating in a research report on Friday. Finally, Truist Financial boosted their price objective on shares of TransUnion from $65.00 to $75.00 and gave the company a hold rating in a research report on Wednesday, February 14th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, TransUnion presently has an average rating of Moderate Buy and a consensus price target of $83.60.

TransUnion Stock Performance

Shares of TransUnion stock traded up $0.20 during trading on Friday, hitting $74.49. 1,873,347 shares of the stock were exchanged, compared to its average volume of 1,905,408. The stock has a market capitalization of $14.47 billion, a price-to-earnings ratio of -52.08, a price-to-earnings-growth ratio of 1.14 and a beta of 1.61. The company has a fifty day moving average price of $76.32 and a 200-day moving average price of $67.91. TransUnion has a 1-year low of $42.09 and a 1-year 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.

TransUnion (NYSE:TRU) last released its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.12. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $977.62 million. TransUnion had a negative net margin of 7.02% and a positive return on equity of 14.22%. As a group, equities analysts predict that TransUnion will post 3.31 EPS for the current fiscal year.

TransUnion Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Thursday, March 7th were paid a dividend of $0.105 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.42 annualized dividend and a dividend yield of 0.56%. TransUnion’s dividend payout ratio is presently -29.37%.

Insider Transactions at TransUnion

In other news, insider Steven M. Chaouki sold 1,775 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $81.30, for a total transaction of $144,307.50. Following the transaction, the insider now directly owns 75,099 shares in the company, valued at approximately $6,105,548.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Steven M. Chaouki sold 1,775 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $81.30, for a total value of $144,307.50. Following the transaction, the insider now owns 75,099 shares in the company, valued at approximately $6,105,548.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Richard Dane Mauldin sold 1,500 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $78.10, for a total transaction of $117,150.00. Following the completion of the transaction, the executive vice president now owns 22,033 shares in the company, valued at approximately $1,720,777.30. The disclosure for this sale can be found here. Insiders have sold 15,275 shares of company stock worth $1,204,538 in the last ninety days. 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.