Needham & Company LLC Weighs in on TransUnion FY2024 Earnings

TransUnion (NYSE:TRU) – Analysts at Needham & Company LLC issued their FY2024 earnings estimates for TransUnion in a report issued on Sunday, November 24th. Needham & Company LLC analyst K. Peterson forecasts that the business services provider will post earnings per share of $3.43 for the year. Needham & Company LLC has a “Hold” rating on the stock. The consensus estimate for TransUnion’s current full-year earnings is $3.45 per share. Needham & Company LLC also issued estimates for TransUnion’s Q4 2024 earnings at $0.82 EPS, Q1 2025 earnings at $0.97 EPS, Q2 2025 earnings at $1.03 EPS, Q3 2025 earnings at $1.07 EPS, Q4 2025 earnings at $1.00 EPS and FY2025 earnings at $4.08 EPS.

TransUnion (NYSE:TRU) last posted its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. TransUnion had a net margin of 5.47% and a return on equity of 15.38%. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the firm posted $0.80 EPS. TransUnion’s revenue was up 12.0% on a year-over-year basis.

A number of other brokerages have also recently issued reports on TRU. Wolfe Research upgraded TransUnion from a “peer perform” rating to an “outperform” rating and set a $130.00 price objective on the stock in a research note on Thursday, October 10th. Robert W. Baird boosted their price target on shares of TransUnion from $104.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Morgan Stanley upped their price target on shares of TransUnion from $103.00 to $119.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Stifel Nicolaus lifted their price objective on shares of TransUnion from $103.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Oppenheimer dropped their target price on TransUnion from $122.00 to $115.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 20th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $106.38.

TransUnion Stock Down 1.6 %

Shares of NYSE TRU opened at $100.73 on Wednesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.68 and a quick ratio of 1.68. The stock has a market capitalization of $19.63 billion, a PE ratio of 87.59, a P/E/G ratio of 1.42 and a beta of 1.62. TransUnion has a one year low of $56.85 and a one year high of $113.17. The business’s fifty day moving average price is $103.69 and its 200-day moving average price is $89.94.

Institutional Investors Weigh In On TransUnion

A number of institutional investors have recently made changes to their positions in TRU. Massachusetts Financial Services Co. MA grew its stake in shares of TransUnion by 17.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 19,180,562 shares of the business services provider’s stock valued at $2,008,205,000 after buying an additional 2,840,800 shares during the last quarter. FMR LLC grew its holdings in shares of TransUnion by 307.7% in the third quarter. FMR LLC now owns 4,540,896 shares of the business services provider’s stock worth $475,432,000 after purchasing an additional 3,427,199 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of TransUnion by 16.8% in the third quarter. Wellington Management Group LLP now owns 4,426,510 shares of the business services provider’s stock worth $463,456,000 after buying an additional 635,581 shares during the period. Victory Capital Management Inc. raised its holdings in TransUnion by 24.1% during the 2nd quarter. Victory Capital Management Inc. now owns 3,468,854 shares of the business services provider’s stock valued at $257,250,000 after buying an additional 674,187 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in TransUnion by 2.4% during the 3rd quarter. Janus Henderson Group PLC now owns 3,154,262 shares of the business services provider’s stock valued at $330,251,000 after buying an additional 75,410 shares during the last quarter.

Insider Transactions at TransUnion

In related news, EVP Heather J. Russell sold 3,173 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $95.58, for a total value of $303,275.34. Following the completion of the transaction, the executive vice president now directly owns 19,926 shares in the company, valued at approximately $1,904,527.08. The trade was a 13.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jennifer A. Williams sold 405 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $95.58, for a total value of $38,709.90. Following the sale, the chief accounting officer now owns 7,186 shares in the company, valued at $686,837.88. The trade was a 5.34 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,078 shares of company stock valued at $2,296,725. 0.28% of the stock is owned by corporate insiders.

TransUnion Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.105 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.42%. TransUnion’s dividend payout ratio (DPR) is presently 36.52%.

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.