TransUnion (NYSE:TRU) Releases Q2 Earnings Guidance

TransUnion (NYSE:TRU) issued an update on its second quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.95 to $0.98 for the period, compared to the consensus 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 Up 0.3 %

NYSE:TRU traded up $0.20 on Friday, hitting $74.49. 1,873,347 shares of the company’s stock traded hands, compared to its average volume of 1,905,408. The company has a current ratio of 1.47, a quick 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. The firm has a 50-day moving average price of $76.32 and a 200-day moving average price of $67.91. The company has a market cap of $14.47 billion, a PE ratio of -52.08, a price-to-earnings-growth ratio of 1.14 and a beta of 1.61.

TransUnion (NYSE:TRU) last announced its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.71 by $0.12. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $977.62 million. TransUnion had a positive return on equity of 14.22% and a negative net margin of 7.02%. Equities analysts anticipate that TransUnion will post 3.31 EPS for the current fiscal year.

TransUnion Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Thursday, March 7th were paid a $0.105 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.42 annualized dividend and a dividend yield of 0.56%. TransUnion’s payout ratio is -29.37%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TRU shares. Bank of America raised TransUnion from an underperform rating to a neutral rating and upped their target price for the stock from $65.00 to $90.00 in a research report on Monday, April 1st. Truist Financial increased their price target on TransUnion from $65.00 to $75.00 and gave the company a hold rating in a report on Wednesday, February 14th. Jefferies Financial Group increased their price target on TransUnion from $75.00 to $85.00 and gave the company a buy rating in a report on Wednesday, January 17th. The Goldman Sachs Group increased their price target on TransUnion from $63.00 to $72.00 and gave the company a neutral rating in a report on Friday, December 29th. Finally, Stifel Nicolaus increased their price target on TransUnion from $83.00 to $92.00 and gave the company a buy rating in a report on Friday. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $83.60.

Insiders Place Their Bets

In other TransUnion 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 owns 54,522 shares in the company, valued at $4,284,883.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other TransUnion 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 owns 54,522 shares in the company, valued at $4,284,883.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steven M. Chaouki sold 1,775 shares of TransUnion stock in a transaction on Monday, April 1st. The stock was sold at an average price of $81.30, for a total transaction of $144,307.50. Following the sale, the insider now owns 75,099 shares in the company, valued at approximately $6,105,548.70. The disclosure for this sale can be found here. Insiders have sold 15,275 shares of company stock worth $1,204,538 over the last 90 days. 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.