TransUnion (NYSE:TRU) Issues Q2 2024 Earnings Guidance

TransUnion (NYSE:TRU) updated its second quarter 2024 earnings guidance on Thursday. The company provided EPS guidance of 0.950-0.980 for the period, compared to the consensus EPS estimate of 0.900. The company issued revenue guidance of $1.0 billion-$1.0 billion, compared to the consensus revenue estimate of $1.0 billion. TransUnion also updated its FY 2024 guidance to 3.690-3.860 EPS.

Analyst Ratings Changes

Several research firms recently issued reports on TRU. Wells Fargo & Company raised their target price on shares of TransUnion from $80.00 to $85.00 and gave the stock an overweight rating in a research report on Wednesday, February 14th. The Goldman Sachs Group raised their target price 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. Bank of America raised shares of TransUnion from an underperform rating to a neutral rating and raised their target price for the stock from $65.00 to $90.00 in a research report on Monday, April 1st. Truist Financial raised their target price on shares of TransUnion from $65.00 to $75.00 and gave the stock a hold rating in a research report on Wednesday, February 14th. Finally, JPMorgan Chase & Co. raised their target price on shares of TransUnion from $69.00 to $84.00 and gave the stock an overweight rating in a research report on Wednesday, February 14th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, TransUnion has a consensus rating of Moderate Buy and an average target price of $83.60.

TransUnion Stock Up 0.2 %

Shares of TRU traded up $0.18 during mid-day trading on Friday, reaching $74.47. 1,873,346 shares of the stock traded hands, compared to its average volume of 1,713,301. The firm has a market cap of $14.46 billion, a price-to-earnings ratio of -49.98, a P/E/G ratio of 1.06 and a beta of 1.61. The stock has a fifty day simple moving average of $76.33 and a 200 day simple moving average of $67.88. TransUnion has a 12-month low of $42.09 and a 12-month high of $82.75. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.28.

TransUnion (NYSE:TRU) last posted its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 7.50% and a positive return on equity of 13.58%. Sell-side analysts expect 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 dividend on an annualized basis and a dividend yield of 0.56%. TransUnion’s dividend payout ratio is currently -28.19%.

Insider Activity

In related news, EVP Timothy J. Martin sold 12,000 shares of TransUnion stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $78.59, for a total value of $943,080.00. Following the completion of the sale, the executive vice president now owns 54,522 shares in the company, valued at $4,284,883.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, EVP Timothy J. Martin sold 12,000 shares of TransUnion stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $78.59, for a total value of $943,080.00. Following the completion of the sale, the executive vice president now owns 54,522 shares in the company, valued at $4,284,883.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Steven M. Chaouki sold 1,775 shares of TransUnion stock in a transaction on Monday, April 1st. The stock was sold at an average price of $81.30, for a total transaction of $144,307.50. Following the completion of the sale, the insider now owns 75,099 shares of the company’s stock, valued at approximately $6,105,548.70. The disclosure for this sale can be found here. Insiders have sold 15,275 shares of company stock worth $1,204,538 over the last 90 days. 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.