TransUnion (NYSE:TRU) Announces Earnings Results

TransUnion (NYSE:TRU) announced its quarterly earnings data on Thursday. The business services provider reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.13, Briefing.com reports. TransUnion had a negative net margin of 6.11% and a positive return on equity of 15.13%. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the business posted $0.76 EPS. The business’s quarterly revenue was up 7.5% on a year-over-year basis.

TransUnion Stock Up 3.2 %

TRU traded up $2.65 during trading hours on Friday, hitting $86.46. 2,781,152 shares of the company’s stock were exchanged, compared to its average volume of 1,487,285. TransUnion has a 12-month low of $42.09 and a 12-month high of $87.36. The firm has a 50 day moving average of $75.62 and a 200 day moving average of $74.87. The firm has a market cap of $16.79 billion, a P/E ratio of -60.46, a price-to-earnings-growth ratio of 1.69 and a beta of 1.61. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 17th were paid a $0.105 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.42 annualized dividend and a dividend yield of 0.49%. TransUnion’s dividend payout ratio (DPR) is -29.37%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on TRU shares. Stifel Nicolaus boosted 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. Oppenheimer upped their price target on TransUnion from $90.00 to $97.00 and gave the stock an “outperform” rating in a research note on Friday. Wolfe Research started coverage on shares of TransUnion in a report on Tuesday, July 9th. They issued a “peer perform” rating on the stock. Robert W. Baird upped their target price on shares of TransUnion from $94.00 to $104.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Bank of America upgraded shares of TransUnion from a “neutral” rating to a “buy” rating and set a $92.00 price target on the stock in a report on Thursday, June 20th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $86.80.

Insider Buying and Selling

In other TransUnion news, CFO Todd M. Cello sold 12,865 shares of the company’s stock in a transaction 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 completion of the transaction, the chief financial officer now owns 101,426 shares in the company, valued at approximately $8,114,080. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other TransUnion news, EVP Heather J. Russell sold 7,000 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $73.10, for a total value of $511,700.00. Following the sale, the executive vice president now owns 32,744 shares of the company’s stock, valued at $2,393,586.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Todd M. Cello sold 12,865 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $80.00, for a total transaction of $1,029,200.00. Following 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 sold a total of 29,761 shares of company stock worth $2,266,576 over the last 90 days. 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.