TransUnion (NYSE:TRU) Releases FY24 Earnings Guidance

TransUnion (NYSE:TRU) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $3.69 to $3.86 for the period, compared to the consensus estimate of $3.74. The company issued revenue guidance of $4.023 billion to $4.083 billion, compared to the consensus revenue estimate of $4.02 billion. TransUnion also updated its FY 2024 guidance to 3.690-3.860 EPS.

TransUnion Trading Up 0.2 %

Shares of NYSE TRU traded up $0.18 during midday trading on Friday, reaching $74.47. 1,873,346 shares of the stock were exchanged, compared to its average volume of 1,713,301. The company has a 50 day simple moving average of $76.33 and a 200 day simple moving average of $67.88. The stock has a market capitalization of $14.46 billion, a P/E ratio of -50.40, a PEG ratio of 1.06 and a beta of 1.61. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.47 and a current ratio of 1.47. TransUnion has a twelve month low of $42.09 and a twelve month high of $82.75.

TransUnion (NYSE:TRU) last announced its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.12. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $977.62 million. TransUnion had a negative net margin of 7.50% and a positive return on equity of 13.58%. As a group, equities analysts expect that TransUnion will post 3.31 earnings per share for the current year.

TransUnion Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Thursday, March 7th were given a dividend of $0.105 per share. The ex-dividend date was Wednesday, March 6th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.56%. TransUnion’s payout ratio is currently -28.19%.

Analysts Set New Price Targets

TRU has been the subject of a number of research analyst reports. Needham & Company LLC increased their price objective on shares of TransUnion from $87.00 to $89.00 and gave the stock a buy rating in a research report on Thursday. Barclays increased their price objective on shares of TransUnion from $55.00 to $75.00 and gave the stock an equal weight rating in a research report on Wednesday, February 14th. Evercore ISI increased their price objective on shares of TransUnion from $70.00 to $80.00 and gave the stock an in-line rating in a research report on Tuesday, March 26th. Oppenheimer increased their price objective on shares of TransUnion from $81.00 to $90.00 and gave the stock an outperform rating in a research report on Tuesday, April 9th. Finally, Stifel Nicolaus raised their price target on shares of TransUnion from $83.00 to $92.00 and gave the company a buy rating in a research report on Friday. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $83.60.

Insider Transactions at TransUnion

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 transaction of $943,080.00. Following the sale, the executive vice president now directly owns 54,522 shares in the company, valued at approximately $4,284,883.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction of $943,080.00. Following the sale, the executive vice president now directly owns 54,522 shares in the company, valued at approximately $4,284,883.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Richard Dane Mauldin sold 1,500 shares of TransUnion stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $78.10, for a total transaction of $117,150.00. Following the sale, the executive vice president now owns 22,033 shares in the company, valued at $1,720,777.30. The disclosure for this sale can be found here. In the last three months, insiders sold 15,275 shares of company stock valued at $1,204,538. 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.