TransUnion (NYSE:TRU) Releases FY 2024 Earnings Guidance

TransUnion (NYSE:TRU) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 3.780-3.900 for the period, compared to the consensus estimate of 3.820. The company issued revenue guidance of $4.1 billion-$4.1 billion, compared to the consensus revenue estimate of $4.1 billion. TransUnion also updated its Q3 guidance to $0.97 to $1.02 EPS.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TRU. Stifel Nicolaus raised their price objective on TransUnion from $83.00 to $92.00 and gave the stock a buy rating in a research report on Friday, April 26th. Wolfe Research began coverage on TransUnion in a research report on Tuesday, July 9th. They set a peer perform rating for the company. Robert W. Baird raised their target price on TransUnion from $94.00 to $104.00 and gave the stock an outperform rating in a research report on Friday. Royal Bank of Canada raised their target price on TransUnion from $85.00 to $106.00 and gave the stock an outperform rating in a research report on Friday. Finally, Needham & Company LLC raised their target price on TransUnion from $89.00 to $92.00 and gave the stock a buy rating in a research report on Friday. Six research 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, TransUnion has an average rating of Moderate Buy and a consensus target price of $86.80.

TransUnion Trading Up 3.2 %

Shares of NYSE TRU traded up $2.65 during midday trading on Friday, hitting $86.46. The stock had a trading volume of 2,781,152 shares, compared to its average volume of 1,487,285. The company’s 50-day simple moving average is $75.62 and its 200 day simple moving average is $74.87. The firm has a market cap of $16.79 billion, a P/E ratio of -60.46, a price-to-earnings-growth ratio of 1.64 and a beta of 1.61. TransUnion has a fifty-two week low of $42.09 and a fifty-two week high of $87.36. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.65 and a quick ratio of 1.65.

TransUnion (NYSE:TRU) last announced its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates 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 15.13% and a negative net margin of 6.11%. Research analysts anticipate that TransUnion will post 3.43 EPS for the current year.

TransUnion Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.49%. TransUnion’s dividend payout ratio (DPR) is -29.37%.

Insider Activity

In other news, EVP Heather J. Russell sold 7,000 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $73.10, for a total value of $511,700.00. Following the sale, the executive vice president now directly owns 32,744 shares in the company, valued at $2,393,586.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Heather J. Russell sold 7,000 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $73.10, for a total value of $511,700.00. Following the sale, the executive vice president now directly owns 32,744 shares in the company, valued at $2,393,586.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Todd M. Cello sold 12,865 shares of the company’s stock in a transaction dated 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 disclosure for this sale can be found here. Insiders have sold a total of 29,761 shares of company stock worth $2,266,576 over the last three months. Corporate 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.