TransUnion (NYSE:TRU) Updates FY 2024 Earnings Guidance

TransUnion (NYSE:TRU) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 3.870-3.930 for the period, compared to the consensus EPS 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.

TransUnion Price Performance

TRU stock traded up $3.33 during midday trading on Wednesday, reaching $109.11. 1,367,691 shares of the stock were exchanged, compared to its average volume of 1,576,663. TransUnion has a 52 week low of $42.09 and a 52 week high of $113.17. The company has a fifty day moving average price of $100.75 and a 200 day moving average price of $85.20. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.66 and a quick ratio of 1.66. The stock has a market capitalization of $21.20 billion, a PE ratio of -83.29, a P/E/G ratio of 1.40 and a beta of 1.62.

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

TransUnion Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Friday, August 23rd were issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 0.38%. The ex-dividend date was Friday, August 23rd. TransUnion’s payout ratio is presently -33.07%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on TRU shares. Oppenheimer lifted their target price on shares of TransUnion from $97.00 to $118.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Wells Fargo & Company increased their price target on TransUnion from $100.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Morgan Stanley boosted their target price on shares of TransUnion from $96.00 to $103.00 and gave the company an “overweight” rating in a research report on Thursday, September 12th. Needham & Company LLC cut shares of TransUnion from a “buy” rating to a “hold” rating in a report on Wednesday, August 28th. Finally, Robert W. Baird upped their price objective on shares of TransUnion from $94.00 to $104.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, TransUnion has a consensus rating of “Moderate Buy” and a consensus price target of $98.71.

Insider Activity at TransUnion

In other TransUnion news, EVP Timothy J. Martin sold 2,500 shares of the 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 owns 46,739 shares in the company, valued at approximately $4,888,432.01. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other TransUnion 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 transaction of $261,475.00. Following the completion of the transaction, the executive vice president now directly owns 46,739 shares of the company’s stock, valued at approximately $4,888,432.01. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction, the executive vice president now directly owns 19,926 shares in the company, valued at $1,904,527.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,715 shares of company stock valued at $1,299,729 over the last ninety days. Corporate insiders own 0.22% of the company’s stock.

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.