Zacks: Analysts Expect TransUnion (TRU) Will Announce Quarterly Sales of $616.01 Million

Brokerages forecast that TransUnion (NYSE:TRU) will announce sales of $616.01 million for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for TransUnion’s earnings. The highest sales estimate is $618.96 million and the lowest is $614.80 million. TransUnion posted sales of $498.00 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 23.7%. The company is scheduled to announce its next quarterly earnings results on Friday, October 26th.

According to Zacks, analysts expect that TransUnion will report full-year sales of $2.34 billion for the current financial year, with estimates ranging from $2.33 billion to $2.34 billion. For the next year, analysts expect that the firm will report sales of $2.66 billion per share, with estimates ranging from $2.61 billion to $2.73 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow TransUnion.

TransUnion (NYSE:TRU) last posted its earnings results on Tuesday, July 24th. The business services provider reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.07. TransUnion had a net margin of 21.00% and a return on equity of 21.06%. The company had revenue of $563.10 million for the quarter, compared to analyst estimates of $540.86 million. During the same period last year, the business posted $0.47 earnings per share. The business’s revenue for the quarter was up 18.6% compared to the same quarter last year.

A number of equities research analysts recently commented on the stock. Bank of America raised their price objective on shares of TransUnion from $76.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 25th. Zacks Investment Research lowered shares of TransUnion from a “buy” rating to a “hold” rating in a report on Monday, June 25th. Barclays raised their price objective on shares of TransUnion from $75.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, July 12th. Evercore ISI assumed coverage on shares of TransUnion in a report on Tuesday, June 26th. They set a “buy” rating and a $80.00 price objective on the stock. Finally, Morgan Stanley restated a “hold” rating and set a $75.00 price objective (up from $71.00) on shares of TransUnion in a report on Thursday, September 13th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $75.07.

In related news, insider James M. Peck sold 131,750 shares of the firm’s stock in a transaction on Friday, July 27th. The shares were sold at an average price of $71.75, for a total value of $9,453,062.50. Following the completion of the transaction, the insider now owns 389,377 shares of the company’s stock, valued at $27,937,799.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP John T. Danaher sold 4,318 shares of the firm’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $73.76, for a total transaction of $318,495.68. Following the completion of the transaction, the executive vice president now directly owns 49,491 shares of the company’s stock, valued at approximately $3,650,456.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 200,410 shares of company stock valued at $14,317,418. 2.10% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in TRU. Integrated Investment Consultants LLC bought a new position in TransUnion in the second quarter valued at $106,000. Massey Quick Simon & CO. LLC bought a new position in shares of TransUnion in the 2nd quarter valued at about $139,000. Gabelli Funds LLC bought a new position in shares of TransUnion in the 2nd quarter valued at about $215,000. Roundview Capital LLC bought a new position in shares of TransUnion in the 1st quarter valued at about $223,000. Finally, IBM Retirement Fund bought a new position in shares of TransUnion in the 1st quarter valued at about $225,000. 98.23% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:TRU opened at $74.84 on Tuesday. TransUnion has a 12 month low of $41.52 and a 12 month high of $79.48. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 2.13. The firm has a market cap of $14.09 billion, a P/E ratio of 43.77, a P/E/G ratio of 3.43 and a beta of 0.68.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 6th. Investors of record on Wednesday, August 22nd were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend was Tuesday, August 21st. TransUnion’s dividend payout ratio (DPR) is currently 17.54%.

About TransUnion

TransUnion provides risk and information solutions. The company operates in three segments: U.S. Information Services (USIS), International, and Consumer Interactive. The USIS segment provides consumer reports, risk scores, and analytical and decisioning services for businesses. These businesses use 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 investigate potential fraud.

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