TransUnion (NYSE:TRU) Issues FY 2024 Earnings Guidance

TransUnion (NYSE:TRU) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 3.870-3.930 for the period, compared to the consensus estimate of 3.870. The company issued revenue guidance of $4.2 billion-$4.2 billion, compared to the consensus revenue estimate of $4.1 billion. TransUnion also updated its Q4 guidance to $0.92-0.98 EPS.

Analysts Set New Price Targets

Several equities analysts have weighed in on TRU shares. 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. Stifel Nicolaus boosted their price target on shares of TransUnion from $103.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday. UBS Group began coverage on shares of TransUnion in a research note on Tuesday, October 1st. They issued a “neutral” rating and a $110.00 price objective for the company. Needham & Company LLC reaffirmed a “hold” rating on shares of TransUnion in a report on Thursday. Finally, Robert W. Baird lifted their price target on TransUnion from $104.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday. Seven 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, TransUnion presently has a consensus rating of “Moderate Buy” and an average price target of $103.65.

TransUnion Stock Performance

Shares of TRU stock traded down $0.63 during trading on Thursday, reaching $108.04. 667,265 shares of the company’s stock traded hands, compared to its average volume of 1,581,760. The firm’s 50-day moving average is $101.10 and its 200 day moving average is $85.37. The company has a market capitalization of $20.98 billion, a P/E ratio of -75.45, a PEG ratio of 1.38 and a beta of 1.62. TransUnion has a 1 year low of $42.09 and a 1 year high of $113.17. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.22.

TransUnion (NYSE:TRU) last announced its quarterly earnings results on Thursday, July 25th. The business services provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.13. TransUnion had a positive return on equity of 15.03% and a negative net margin of 6.11%. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the prior year, the business posted $0.76 earnings per share. The company’s revenue was up 7.5% on a year-over-year basis. Equities research analysts expect that TransUnion will post 3.46 EPS for the current year.

TransUnion Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Friday, August 23rd were paid a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 0.39%. The ex-dividend date was Friday, August 23rd. TransUnion’s dividend payout ratio is presently -29.37%.

Insider Activity

In related news, EVP Timothy J. Martin sold 2,500 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $104.59, for a total value of $261,475.00. Following the sale, the executive vice president now owns 46,739 shares in the company, valued at approximately $4,888,432.01. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Steven M. Chaouki sold 1,000 shares of TransUnion stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $95.65, for a total value of $95,650.00. Following the transaction, the insider now owns 64,488 shares in the company, valued at approximately $6,168,277.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Timothy J. Martin sold 2,500 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $104.59, for a total value of $261,475.00. Following the completion of the sale, the executive vice president now directly owns 46,739 shares of the company’s stock, valued at approximately $4,888,432.01. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,715 shares of company stock worth $1,299,729 in 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.