TransUnion (NYSE:TRU) Updates Q3 2024 Earnings Guidance

TransUnion (NYSE:TRU) updated its third quarter 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.970-1.020 for the period, compared to the consensus estimate of 1.000. The company issued revenue guidance of $1.0 billion-$1.1 billion, compared to the consensus revenue estimate of $1.0 billion. TransUnion also updated its FY 2024 guidance to 3.780-3.900 EPS.

TransUnion Trading Up 8.0 %

TRU stock traded up $6.18 during midday trading on Thursday, hitting $83.81. 3,827,245 shares of the company’s stock were exchanged, compared to its average volume of 1,607,695. TransUnion has a one year low of $42.09 and a one year high of $85.18. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.65 and a current ratio of 1.65. The company has a market cap of $16.28 billion, a PE ratio of -58.61, a price-to-earnings-growth ratio of 1.56 and a beta of 1.61. The stock’s fifty day moving average price is $75.34 and its 200-day moving average price is $74.68.

TransUnion (NYSE:TRU) last released its quarterly earnings data 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 14.26% and a negative net margin of 7.02%. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $977.62 million. Research analysts predict that TransUnion will post 3.43 earnings per share for the current fiscal year.

TransUnion Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 17th were issued a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend was Thursday, May 16th. TransUnion’s dividend payout ratio (DPR) is presently -29.37%.

Wall Street Analysts Forecast Growth

TRU has been the topic of several research reports. Oppenheimer boosted their price objective on shares of TransUnion from $81.00 to $90.00 and gave the company an outperform rating in a research report on Tuesday, April 9th. Needham & Company LLC upped their price objective on TransUnion from $87.00 to $89.00 and gave the stock a buy rating in a research report on Thursday, April 25th. Wolfe Research started coverage on TransUnion in a research report on Tuesday, July 9th. They issued a peer perform rating on the stock. Stifel Nicolaus upped their price target on TransUnion from $83.00 to $92.00 and gave the stock a buy rating in a research report on Friday, April 26th. Finally, Morgan Stanley raised their price target on shares of TransUnion from $87.00 to $90.00 and gave the stock an overweight rating in a research note on Friday, April 26th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $83.73.

Insiders Place Their Bets

In other TransUnion news, insider Steven M. Chaouki sold 1,776 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 71,547 shares of the company’s stock, valued at approximately $5,151,384. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Steven M. Chaouki sold 1,776 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $72.00, for a total transaction of $127,872.00. Following the sale, the insider now directly owns 71,547 shares of the company’s stock, valued at approximately $5,151,384. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Todd M. Cello sold 12,865 shares of the business’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $80.00, for a total value of $1,029,200.00. Following the completion of the transaction, the chief financial officer now directly owns 101,426 shares of the company’s stock, valued at approximately $8,114,080. The disclosure for this sale can be found here. Insiders have sold 29,761 shares of company stock worth $2,266,576 in the last 90 days. Company 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.