TransUnion (NYSE:TRU) Issues FY 2024 Earnings Guidance

TransUnion (NYSE:TRU) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 3.690-3.860 for the period, compared to the consensus 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

TRU has been the topic of several research analyst reports. StockNews.com upgraded shares of TransUnion from a sell rating to a hold rating in a report on Tuesday, January 23rd. JPMorgan Chase & Co. boosted their price target on TransUnion from $69.00 to $84.00 and gave the company an overweight rating in a research note on Wednesday, February 14th. Robert W. Baird raised their price objective on shares of TransUnion from $87.00 to $94.00 and gave the company an outperform rating in a research report on Friday. Stifel Nicolaus boosted their target price on shares of TransUnion from $83.00 to $92.00 and gave the stock a buy rating in a research report on Friday. Finally, Truist Financial raised their price target on shares of TransUnion from $65.00 to $75.00 and gave the company a hold rating in a report on Wednesday, February 14th. Six investment 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 currently has a consensus rating of Moderate Buy and a consensus price target of $83.60.

TransUnion Price Performance

Shares of TransUnion stock traded up $0.18 during trading on Friday, hitting $74.47. 1,873,346 shares of the company’s stock traded hands, compared to its average volume of 1,713,301. TransUnion has a twelve month low of $42.09 and a twelve month high of $82.75. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.47 and a quick ratio of 1.47. The company has a market cap of $14.46 billion, a PE ratio of -49.98, a PEG ratio of 1.06 and a beta of 1.61. The firm’s fifty day moving average price is $76.33 and its 200 day moving average price is $67.88.

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, topping the consensus estimate of $0.71 by $0.12. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $977.62 million. TransUnion had a positive return on equity of 13.58% and a negative net margin of 7.50%. Analysts forecast that TransUnion will post 3.31 earnings per share for the current year.

TransUnion Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders 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 yield of 0.56%. TransUnion’s dividend payout ratio is -28.19%.

Insider Transactions at TransUnion

In related news, EVP Timothy J. Martin sold 12,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $78.59, for a total transaction of $943,080.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Timothy J. Martin sold 12,000 shares of the company’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 transaction, the executive vice president now owns 54,522 shares in the company, valued at approximately $4,284,883.98. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Richard Dane Mauldin sold 1,500 shares of the firm’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 sale, the executive vice president now owns 22,033 shares of the company’s stock, valued at approximately $1,720,777.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,275 shares of company stock valued at $1,204,538. Corporate 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.