TransUnion (TRU) Releases FY16 Earnings Guidance

TransUnion (NYSE:TRU) issued an update on its FY16 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.37-1.39 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.34. The company issued revenue guidance of $1.665-1.675 billion, compared to the consensus revenue estimate of $1.67 billion.TransUnion also updated its Q3 guidance to $0.34-0.35 EPS.

TransUnion (NYSE:TRU) traded down 0.23% on Tuesday, reaching $35.22. The company had a trading volume of 734,796 shares. TransUnion has a 12 month low of $20.43 and a 12 month high of $35.79. The stock has a market capitalization of $6.43 billion and a P/E ratio of 244.58. The firm has a 50-day moving average of $33.62 and a 200-day moving average of $28.91.

TransUnion (NYSE:TRU) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.05. During the same period last year, the company earned $0.27 EPS. The business earned $426 million during the quarter, compared to analyst estimates of $414.70 million. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, equities research analysts expect that TransUnion will post $1.34 earnings per share for the current fiscal year.

Several research analysts recently issued reports on the stock. Robert W. Baird assumed coverage on shares of TransUnion in a research report on Wednesday, May 25th. They issued an outperform rating and a $36.00 price target for the company. Stifel Nicolaus increased their price target on shares of TransUnion from $33.00 to $36.50 and gave the stock a buy rating in a research report on Wednesday, June 8th. Deutsche Bank AG reissued a buy rating on shares of TransUnion in a research report on Thursday, June 16th. Zacks Investment Research lowered shares of TransUnion from a strong-buy rating to a hold rating in a research report on Wednesday, June 29th. Finally, Morgan Stanley reissued a hold rating on shares of TransUnion in a research report on Wednesday, April 27th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $30.71.

In other news, EVP John W. Blenke sold 6,000 shares of the stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $31.36, for a total transaction of $188,160.00. Following the sale, the executive vice president now directly owns 191,163 shares of the company’s stock, valued at $5,994,871.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Samuel A. Hamood sold 25,228 shares of the stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $31.36, for a total transaction of $791,150.08. Following the sale, the chief financial officer now directly owns 38,538 shares in the company, valued at $1,208,551.68. The disclosure for this sale can be found here.

TransUnion, formerly TransUnion Holding Company, Inc, is a risk and information solutions provider to businesses and consumers. The Company operates through three segments: US Information Services (USIS), International and Consumer Interactive. The USIS segment provides consumer reports, risk scores, analytical services and decisioning capabilities to businesses.