TransUnion (NYSE:TRU) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

TransUnion (NYSE:TRU) issued its quarterly earnings results on Wednesday. The business services provider reported $1.04 EPS for the quarter, topping the consensus estimate of $1.01 by $0.03, Briefing.com reports. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.06 billion. TransUnion had a negative net margin of 6.11% and a positive return on equity of 15.03%. TransUnion’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.80 earnings per share.

TransUnion Stock Performance

Shares of TRU stock traded down $2.03 during midday trading on Thursday, hitting $106.64. 2,081,071 shares of the company were exchanged, compared to its average volume of 1,588,623. TransUnion has a 52 week low of $42.09 and a 52 week high of $113.17. The firm has a market capitalization of $20.71 billion, a P/E ratio of -74.57, a PEG ratio of 1.38 and a beta of 1.62. The firm’s 50 day moving average price is $101.36 and its two-hundred day moving average price is $85.52. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.66 and a current ratio of 1.66.

TransUnion Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Friday, August 23rd were issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 0.39%. The ex-dividend date of this dividend was Friday, August 23rd. TransUnion’s dividend payout ratio is -29.37%.

Insider Activity

In other TransUnion news, EVP Timothy J. Martin sold 2,500 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $104.59, for a total transaction of $261,475.00. Following the transaction, the executive vice president now owns 46,739 shares in the company, valued at $4,888,432.01. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other TransUnion news, EVP Timothy J. Martin sold 2,500 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $104.59, for a total transaction of $261,475.00. Following the sale, the executive vice president now directly owns 46,739 shares in the company, valued at $4,888,432.01. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Steven M. Chaouki sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $90.14, for a total transaction of $90,140.00. Following the completion of the transaction, the insider now owns 69,547 shares of the company’s stock, valued at $6,268,966.58. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,715 shares of company stock valued at $1,299,729. 0.22% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. The Goldman Sachs Group raised their price objective on shares of TransUnion from $97.00 to $109.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. UBS Group began coverage on TransUnion in a report on Tuesday, October 1st. They set a “neutral” rating and a $110.00 price objective for the company. Wells Fargo & Company raised their price target on TransUnion from $125.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday. Robert W. Baird boosted their price target on TransUnion from $104.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Wolfe Research raised shares of TransUnion from a “peer perform” rating to an “outperform” rating and set a $130.00 target price for the company in a research report on Thursday, October 10th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.53.

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.