TransUnion (NYSE:TRU) Issues Q2 2024 Earnings Guidance

TransUnion (NYSE:TRU) issued an update on its second quarter 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 0.950-0.980 for the period, compared to the consensus EPS estimate of 0.900. The company issued revenue guidance of $1.0 billion-$1.0 billion, compared to the consensus revenue estimate of $1.0 billion. TransUnion also updated its FY 2024 guidance to 3.690-3.860 EPS.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Morgan Stanley boosted their price target on shares of TransUnion from $87.00 to $90.00 and gave the company an overweight rating in a research note on Friday. Wells Fargo & Company boosted their price target on shares of TransUnion from $80.00 to $85.00 and gave the company an overweight rating in a research note on Wednesday, February 14th. Evercore ISI lifted their price objective 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. Robert W. Baird lifted their price objective on shares of TransUnion from $87.00 to $94.00 and gave the stock an outperform rating in a report on Friday. Finally, Truist Financial lifted their price objective on shares of TransUnion from $65.00 to $75.00 and gave the stock a hold rating in a report on Wednesday, February 14th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $83.60.

TransUnion Stock Performance

NYSE TRU traded up $0.20 during trading on Friday, hitting $74.49. 1,873,347 shares of the company’s stock traded hands, compared to its average volume of 1,905,408. The stock has a market capitalization of $14.47 billion, a price-to-earnings ratio of -52.08, a PEG ratio of 1.14 and a beta of 1.61. TransUnion has a 12-month low of $42.09 and a 12-month high of $82.75. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.47 and a current ratio of 1.47. The business has a 50 day moving average of $76.32 and a 200-day moving average of $67.91.

TransUnion (NYSE:TRU) last announced its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.12. TransUnion had a positive return on equity of 14.22% and a negative net margin of 7.02%. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $977.62 million. As a group, equities research analysts anticipate that TransUnion will post 3.31 earnings per share for the current fiscal year.

TransUnion Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Thursday, March 7th were given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Wednesday, March 6th. TransUnion’s dividend payout ratio is presently -29.37%.

Insider Buying and Selling

In related news, insider Steven M. Chaouki sold 1,775 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $81.30, for a total value of $144,307.50. Following the transaction, the insider now directly owns 75,099 shares in the company, valued at $6,105,548.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other TransUnion news, EVP Richard Dane Mauldin sold 1,500 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 22,033 shares in the company, valued at $1,720,777.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven M. Chaouki sold 1,775 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $81.30, for a total transaction of $144,307.50. Following the transaction, the insider now owns 75,099 shares in the company, valued at $6,105,548.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,275 shares of company stock worth $1,204,538. 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.