TransUnion (NYSE:TRU) Releases Q3 Earnings Guidance

TransUnion (NYSE:TRU) updated its third quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.97 to $1.02 for the period, compared to the consensus earnings per share estimate of $1.00. The company issued revenue guidance of $1.044 billion to $1.060 billion, compared to the consensus revenue estimate of $1.03 billion. TransUnion also updated its FY 2024 guidance to 3.780-3.900 EPS.

TransUnion Price Performance

Shares of NYSE:TRU opened at $86.46 on Friday. The company’s fifty day moving average price is $75.62 and its 200-day moving average price is $74.87. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.65 and a quick ratio of 1.65. The firm has a market capitalization of $16.79 billion, a price-to-earnings ratio of -60.46, a PEG ratio of 1.69 and a beta of 1.61. TransUnion has a one year low of $42.09 and a one year high of $87.36.

TransUnion (NYSE:TRU) last announced its earnings results 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. TransUnion had a negative net margin of 6.11% and a positive return on equity of 15.13%. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $977.62 million. On average, equities research analysts anticipate that TransUnion will post 3.43 earnings per share for the current fiscal year.

TransUnion Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 17th were given a dividend of $0.105 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.42 annualized dividend and a dividend yield of 0.49%. TransUnion’s dividend payout ratio (DPR) is presently -29.37%.

Analyst Ratings Changes

Several analysts have issued reports on TRU shares. Bank of America raised TransUnion from a neutral rating to a buy rating and set a $92.00 target price for the company in a research note on Thursday, June 20th. Stifel Nicolaus lifted 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, April 26th. Morgan Stanley boosted their price target on shares of TransUnion from $87.00 to $90.00 and gave the stock an overweight rating in a research note on Friday, April 26th. Robert W. Baird upped their price target on shares of TransUnion from $94.00 to $104.00 and gave the company an outperform rating in a research report on Friday. Finally, Oppenheimer lifted their price objective on TransUnion from $90.00 to $97.00 and gave the stock an outperform rating in a report on Friday. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $86.80.

Insider Buying and Selling at TransUnion

In other news, CFO Todd M. Cello sold 12,865 shares of the firm’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $80.00, for a total value of $1,029,200.00. Following the completion of the sale, the chief financial officer now directly owns 101,426 shares of the company’s stock, valued at approximately $8,114,080. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Todd M. Cello sold 12,865 shares of the stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $80.00, for a total value of $1,029,200.00. Following the completion of the transaction, the chief financial officer now directly owns 101,426 shares of the company’s stock, valued at $8,114,080. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Steven M. Chaouki sold 1,000 shares of TransUnion stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $74.27, for a total value of $74,270.00. Following the sale, the insider now directly owns 70,547 shares in the company, valued at $5,239,525.69. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,761 shares of company stock valued at $2,266,576. 0.22% of the stock is currently owned by company insiders.

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.