TransUnion (NYSE:TRU) Issues Q3 Earnings Guidance

TransUnion (NYSE:TRU) issued an update on its third quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.97 to $1.02 for the period, compared to the consensus EPS estimate of $1.00. The company issued revenue guidance of $1.044 billion to $1.060 billion, compared to the consensus revenue estimate of $1.03 billion. TransUnion also updated its FY 2024 guidance to 3.780-3.900 EPS.

TransUnion Price Performance

Shares of NYSE TRU opened at $77.63 on Thursday. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.26. The business’s 50 day moving average is $75.39 and its two-hundred day moving average is $74.66. TransUnion has a 12 month low of $42.09 and a 12 month high of $82.91.

TransUnion (NYSE:TRU) last released 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 business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $977.62 million. TransUnion had a positive return on equity of 14.26% and a negative net margin of 7.02%. On average, analysts predict that TransUnion will post 3.43 earnings per share for the current year.

TransUnion Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 17th were given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend was Thursday, May 16th. TransUnion’s dividend payout ratio is presently -29.37%.

Analysts Set New Price Targets

A number of brokerages have weighed in on TRU. Wolfe Research began coverage on TransUnion in a research report on Tuesday, July 9th. They issued a peer perform rating on the stock. Needham & Company LLC upped their price target on TransUnion from $87.00 to $89.00 and gave the company a buy rating in a research report on Thursday, April 25th. Robert W. Baird upped their price target on TransUnion from $87.00 to $94.00 and gave the company an outperform rating in a research report on Friday, April 26th. Oppenheimer boosted their price objective on TransUnion from $81.00 to $90.00 and gave the stock an outperform rating in a research note on Tuesday, April 9th. Finally, Bank of America raised TransUnion from a neutral rating to a buy rating and set a $92.00 price objective on the stock in a research note on Thursday, June 20th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $83.73.

Insider Activity at TransUnion

In related news, insider Steven M. Chaouki sold 1,776 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $72.00, for a total transaction of $127,872.00. Following the completion of the transaction, the insider now directly owns 71,547 shares of the company’s stock, valued at $5,151,384. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Steven M. Chaouki sold 1,776 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $72.00, for a total transaction of $127,872.00. Following the completion of the transaction, the insider now directly owns 71,547 shares of the company’s stock, valued at $5,151,384. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Heather J. Russell sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $73.10, for a total value of $511,700.00. Following the completion of the sale, the executive vice president now directly owns 32,744 shares of the company’s stock, valued at $2,393,586.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,761 shares of company stock valued at $2,266,576. 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.