TransUnion (NYSE:TRU) Issues Q2 Earnings Guidance

TransUnion (NYSE:TRU) issued an update on its second quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.95 to $0.98 for the period, compared to the consensus EPS estimate of $0.91. The company issued revenue guidance of $1.017 billion to $1.026 billion, compared to the consensus revenue estimate of $1.01 billion. TransUnion also updated its FY 2024 guidance to 3.690-3.860 EPS.

TransUnion Stock Performance

NYSE:TRU traded up $0.20 during trading hours on Friday, reaching $74.49. 1,873,347 shares of the company’s stock were exchanged, compared to its average volume of 1,905,408. The firm has a market capitalization of $14.47 billion, a price-to-earnings ratio of -52.08, a P/E/G ratio of 1.14 and a beta of 1.61. The company has a 50-day moving average of $76.32 and a 200 day moving average of $67.91. 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 has a 1-year low of $42.09 and a 1-year high of $82.75.

TransUnion (NYSE:TRU) last issued 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 firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $977.62 million. TransUnion had a negative net margin of 7.02% and a positive return on equity of 14.22%. Research analysts anticipate that TransUnion will post 3.31 EPS for the current year.

TransUnion Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Thursday, March 7th were given 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 yield of 0.56%. TransUnion’s payout ratio is currently -29.37%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TRU. The Goldman Sachs Group upped their price objective 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. Morgan Stanley increased their price target on shares of TransUnion from $87.00 to $90.00 and gave the company an overweight rating in a report on Friday. Barclays increased their price target on shares of TransUnion from $55.00 to $75.00 and gave the company an equal weight rating in a report on Wednesday, February 14th. StockNews.com upgraded shares of TransUnion from a sell rating to a hold rating in a report on Tuesday, January 23rd. Finally, Evercore ISI increased their price target on shares of TransUnion from $70.00 to $80.00 and gave the company an in-line rating in a report on Tuesday, March 26th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $83.60.

Insiders Place Their Bets

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

TransUnion Company Profile

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.