TransUnion (NYSE:TRU) Issues Q3 Earnings Guidance

TransUnion (NYSE:TRU) issued an update on its third quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.97 to $1.02 for the period, compared to the consensus EPS estimate of $1.00. The company issued revenue guidance of $1.044 billion to $1.060 billion, compared to the consensus revenue estimate of $1.03 billion. TransUnion also updated its FY 2024 guidance to 3.780-3.900 EPS.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TRU. Oppenheimer increased 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. Stifel Nicolaus lifted their price target on shares of TransUnion from $83.00 to $92.00 and gave the stock a buy rating in a research note on Friday, April 26th. Bank of America upgraded shares of TransUnion from a neutral rating to a buy rating and set a $92.00 price objective for the company in a report on Thursday, June 20th. Morgan Stanley lifted their price objective on shares of TransUnion from $87.00 to $90.00 and gave the company an overweight rating in a report on Friday, April 26th. Finally, Robert W. Baird boosted their price target on shares of TransUnion from $87.00 to $94.00 and gave the company an outperform rating in a report on Friday, April 26th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, TransUnion currently has an average rating of Moderate Buy and a consensus target price of $83.73.

TransUnion Price Performance

Shares of NYSE TRU opened at $77.63 on Thursday. The firm has a 50-day simple moving average of $75.39 and a 200-day simple moving average of $74.66. 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 52 week low of $42.09 and a 52 week high of $82.91.

TransUnion (NYSE:TRU) last announced its earnings results on Thursday, April 25th. The business services provider reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.12. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $977.62 million. TransUnion had a negative net margin of 7.02% and a positive return on equity of 14.26%. Equities research analysts predict that TransUnion will post 3.43 EPS for the current year.

TransUnion Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were paid a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 0.54%. The ex-dividend date was Thursday, May 16th. TransUnion’s dividend payout ratio (DPR) is presently -29.37%.

Insiders Place Their Bets

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