TransUnion (NYSE:TRU) Updates Q2 Earnings Guidance

TransUnion (NYSE:TRU) issued an update on its second quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.95 to $0.98 for the period, compared to the consensus EPS estimate of $0.91. The company issued revenue guidance of $1.017 billion to $1.026 billion, compared to the consensus revenue estimate of $1.01 billion. TransUnion also updated its FY 2024 guidance to 3.690-3.860 EPS.

TransUnion Trading Up 0.2 %

TransUnion stock traded up $0.18 during mid-day trading on Friday, hitting $74.47. 1,873,346 shares of the company’s stock were exchanged, compared to its average volume of 1,713,301. TransUnion has a fifty-two week low of $42.09 and a fifty-two week high of $82.75. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $14.46 billion, a P/E ratio of -49.98, a PEG ratio of 1.06 and a beta of 1.61. The company’s 50 day simple moving average is $76.33 and its 200-day simple moving average is $67.88.

TransUnion (NYSE:TRU) last released its quarterly earnings results 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 13.58% and a negative net margin of 7.50%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $977.62 million. On average, equities analysts anticipate that TransUnion will post 3.31 earnings per share for the current year.

TransUnion Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Thursday, March 7th were issued a dividend of $0.105 per share. The ex-dividend date was Wednesday, March 6th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.56%. TransUnion’s payout ratio is -28.19%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Wells Fargo & Company lifted their price target on TransUnion from $80.00 to $85.00 and gave the company an overweight rating in a research note on Wednesday, February 14th. Royal Bank of Canada reaffirmed an outperform rating and set a $85.00 price target on shares of TransUnion in a research report on Wednesday, February 14th. Evercore ISI increased their target price on shares of TransUnion from $70.00 to $80.00 and gave the stock an in-line rating in a report on Tuesday, March 26th. Oppenheimer boosted their price target on shares of TransUnion from $81.00 to $90.00 and gave the stock an outperform rating in a research report on Tuesday, April 9th. Finally, Needham & Company LLC lifted their target price on TransUnion from $87.00 to $89.00 and gave the company a buy rating in a research report on Thursday. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, TransUnion has a consensus rating of Moderate Buy and a consensus price target of $83.60.

Insider Activity at TransUnion

In related news, EVP Richard Dane Mauldin sold 1,500 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $78.10, for a total transaction of $117,150.00. Following the completion of the sale, the executive vice president now directly owns 22,033 shares in the company, valued at approximately $1,720,777.30. The sale was disclosed in a filing with the SEC, which is available through this link. In other TransUnion news, EVP Richard Dane Mauldin sold 1,500 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $78.10, for a total transaction of $117,150.00. Following the sale, the executive vice president now owns 22,033 shares of the company’s stock, valued at $1,720,777.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Steven M. Chaouki sold 1,775 shares of TransUnion stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $81.30, for a total value of $144,307.50. Following the sale, the insider now directly owns 75,099 shares in the company, valued at $6,105,548.70. The disclosure for this sale can be found here. Insiders have sold 15,275 shares of company stock valued at $1,204,538 over the last three months. 0.22% of the stock is owned by insiders.

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.