TransUnion (NYSE:TRU) Releases Q3 2024 Earnings Guidance

TransUnion (NYSE:TRU) issued an update on its third quarter 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 0.970-1.020 for the period, compared to the consensus EPS estimate of 1.000. The company issued revenue guidance of $1.0 billion-$1.1 billion, compared to the consensus revenue estimate of $1.0 billion. TransUnion also updated its FY 2024 guidance to 3.780-3.900 EPS.

TransUnion Trading Up 3.2 %

Shares of TransUnion stock opened at $86.46 on Friday. The stock has a market cap of $16.79 billion, a P/E ratio of -60.46, a P/E/G ratio of 1.69 and a beta of 1.61. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.26. TransUnion has a 12-month low of $42.09 and a 12-month high of $87.36. The business’s 50 day moving average is $75.62 and its 200-day moving average is $74.87.

TransUnion (NYSE:TRU) last posted its quarterly earnings results on Thursday, July 25th. The business services provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.13. TransUnion had a negative net margin of 6.11% and a positive return on equity of 15.13%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the firm posted $0.76 earnings per share. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. Equities research analysts predict that TransUnion will post 3.43 earnings per share for the current fiscal year.

TransUnion Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date was Thursday, May 16th. TransUnion’s payout ratio is currently -29.37%.

Analyst Ratings Changes

A number of research firms have recently issued reports on TRU. Oppenheimer raised their price objective on TransUnion from $90.00 to $97.00 and gave the company an outperform rating in a research report on Friday. Wolfe Research started coverage on TransUnion in a report on Tuesday, July 9th. They set a peer perform rating for the company. Barclays lifted their price objective on shares of TransUnion from $75.00 to $80.00 and gave the stock an equal weight rating in a research report on Friday. Needham & Company LLC raised their target price on shares of TransUnion from $89.00 to $92.00 and gave the stock a buy rating in a research note on Friday. Finally, Morgan Stanley lifted their target price on shares of TransUnion from $87.00 to $90.00 and gave the stock an overweight rating in a report on Friday, April 26th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $86.80.

Insider Activity at TransUnion

In other TransUnion news, EVP Heather J. Russell sold 7,000 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $73.10, for a total transaction of $511,700.00. Following the transaction, the executive vice president now owns 32,744 shares in the company, valued at approximately $2,393,586.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, EVP Heather J. Russell sold 7,120 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $73.53, for a total transaction of $523,533.60. Following the completion of the sale, the executive vice president now owns 25,624 shares of the company’s stock, valued at approximately $1,884,132.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Heather J. Russell sold 7,000 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $73.10, for a total transaction of $511,700.00. Following the sale, the executive vice president now owns 32,744 shares in the company, valued at approximately $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 worth $2,266,576. Company insiders own 0.22% of the company’s stock.

TransUnion Company Profile

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.