TransUnion (NYSE:TRU) Issues FY 2024 Earnings Guidance

TransUnion (NYSE:TRU) issued an update on its FY 2024 earnings guidance on Thursday morning. 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.

TransUnion Price Performance

NYSE:TRU traded up $6.18 during midday trading on Thursday, hitting $83.81. 3,827,245 shares of the stock were exchanged, compared to its average volume of 1,607,695. The company has a market capitalization of $16.28 billion, a price-to-earnings ratio of -58.61, a P/E/G ratio of 1.56 and a beta of 1.61. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.26. TransUnion has a one year low of $42.09 and a one year high of $85.18. The business has a 50-day moving average price of $75.34 and a two-hundred day moving average price of $74.68.

TransUnion (NYSE:TRU) last posted 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. TransUnion had a positive return on equity of 14.26% and a negative net margin of 7.02%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $977.62 million. Sell-side analysts predict that TransUnion will post 3.43 EPS for the current year.

TransUnion Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were issued a $0.105 dividend. The ex-dividend date was Thursday, May 16th. This represents a $0.42 annualized dividend and a dividend yield of 0.50%. TransUnion’s dividend payout ratio is currently -29.37%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TRU shares. Stifel Nicolaus raised their price objective on TransUnion from $83.00 to $92.00 and gave the stock a buy rating in a research note on Friday, April 26th. Robert W. Baird lifted their price target on TransUnion from $87.00 to $94.00 and gave the stock an outperform rating in a research note on Friday, April 26th. Oppenheimer upped their price objective on shares of TransUnion from $81.00 to $90.00 and gave the company an outperform rating in a research note on Tuesday, April 9th. Needham & Company LLC lifted their target price on shares of TransUnion from $87.00 to $89.00 and gave the stock a buy rating in a research report on Thursday, April 25th. Finally, 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 report on Thursday, June 20th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $83.73.

Insider Buying and Selling at TransUnion

In other news, insider Steven M. Chaouki sold 1,776 shares of the firm’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 completion of the sale, the insider now directly owns 71,547 shares of the company’s stock, valued at approximately $5,151,384. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Steven M. Chaouki sold 1,776 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $72.00, for a total transaction of $127,872.00. Following the transaction, the insider now owns 71,547 shares in the company, valued at approximately $5,151,384. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Todd M. Cello sold 12,865 shares of TransUnion stock in a transaction 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 sale, the chief financial officer now directly owns 101,426 shares of the company’s stock, valued at approximately $8,114,080. The disclosure for this sale can be found here. Insiders have sold 29,761 shares of company stock worth $2,266,576 over the last 90 days. 0.22% of the stock is currently owned by corporate insiders.

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.