TransUnion (NYSE:TRU) Releases Quarterly Earnings Results, Beats Estimates By $0.13 EPS

TransUnion (NYSE:TRU) issued its quarterly earnings results on Thursday. The business services provider reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.13, Briefing.com reports. 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 last year, the company posted $0.76 EPS. TransUnion’s quarterly revenue was up 7.5% compared to the same quarter last year.

TransUnion Trading Up 3.2 %

TRU stock traded up $2.65 during mid-day trading on Friday, hitting $86.46. 2,781,152 shares of the company were exchanged, compared to its average volume of 1,487,285. TransUnion has a 12-month low of $42.09 and a 12-month high of $87.36. The firm has a market capitalization of $16.79 billion, a P/E ratio of -60.46, a PEG ratio of 1.69 and a beta of 1.61. The business has a fifty day simple moving average of $75.62 and a 200-day simple moving average of $74.87. 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 Announces Dividend

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

Insider Activity

In related news, CFO Todd M. Cello sold 12,865 shares of the stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $80.00, for a total transaction of $1,029,200.00. Following the completion of the transaction, the chief financial officer now owns 101,426 shares of the company’s stock, valued at approximately $8,114,080. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Todd M. Cello sold 12,865 shares of the business’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $80.00, for a total value of $1,029,200.00. Following the sale, the chief financial officer now owns 101,426 shares in the company, valued at approximately $8,114,080. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Steven M. Chaouki sold 1,776 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $72.00, for a total transaction of $127,872.00. Following the sale, the insider now owns 71,547 shares in the company, valued at $5,151,384. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,761 shares of company stock valued at $2,266,576. Company insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on TRU shares. Robert W. Baird lifted their price target on TransUnion from $94.00 to $104.00 and gave the stock an “outperform” rating in a research note on Friday. Morgan Stanley increased their target price on shares of TransUnion from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Bank of America upgraded shares of TransUnion from a “neutral” rating to a “buy” rating and set a $92.00 price target on the stock in a research report on Thursday, June 20th. Oppenheimer increased their price objective on shares of TransUnion from $90.00 to $97.00 and gave the company an “outperform” rating in a report on Friday. Finally, 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. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $86.80.

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.