TransUnion (NYSE:TRU) Updates Q4 Earnings Guidance

TransUnion (NYSE:TRU) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.92-0.98 for the period, compared to the consensus EPS estimate of $0.97. The company issued revenue guidance of $1.014-1.034 billion, compared to the consensus revenue estimate of $1.02 billion. TransUnion also updated its FY 2024 guidance to 3.870-3.930 EPS.

TransUnion Trading Up 3.1 %

Shares of TRU traded up $3.27 during mid-day trading on Wednesday, reaching $109.05. 1,440,970 shares of the company’s stock traded hands, compared to its average volume of 1,577,283. The stock has a market cap of $21.19 billion, a P/E ratio of -83.29, a P/E/G ratio of 1.40 and a beta of 1.62. The stock’s 50-day moving average is $100.75 and its two-hundred day moving average is $85.20. TransUnion has a 12 month low of $42.09 and a 12 month high of $113.17. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.66 and a quick ratio of 1.66.

TransUnion (NYSE:TRU) last released its earnings results on Thursday, July 25th. The business services provider reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.13. TransUnion had a positive return on equity of 15.03% and a negative net margin of 6.11%. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the firm posted $0.76 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. Research analysts forecast that TransUnion will post 3.46 earnings per share for the current fiscal year.

TransUnion Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Friday, August 23rd were paid a $0.105 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.42 annualized dividend and a yield of 0.39%. TransUnion’s dividend payout ratio (DPR) is currently -33.07%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Barclays upped their target price on TransUnion from $80.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, September 13th. Oppenheimer upped their target price on TransUnion from $97.00 to $118.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Wolfe Research upgraded TransUnion from a “peer perform” rating to an “outperform” rating and set a $130.00 target price for the company in a report on Thursday, October 10th. The Goldman Sachs Group upped their target price on TransUnion from $97.00 to $109.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Finally, UBS Group assumed coverage on TransUnion in a report on Tuesday, October 1st. They set a “neutral” rating and a $110.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $98.71.

Insider Activity at TransUnion

In related news, EVP Timothy J. Martin sold 2,500 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $104.59, for a total value of $261,475.00. Following the transaction, the executive vice president now directly owns 46,739 shares of the company’s stock, valued at $4,888,432.01. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other TransUnion news, EVP Heather J. Russell sold 3,173 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $95.58, for a total transaction of $303,275.34. Following the sale, the executive vice president now directly owns 19,926 shares of the company’s stock, valued at approximately $1,904,527.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Timothy J. Martin sold 2,500 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $104.59, for a total value of $261,475.00. Following the sale, the executive vice president now directly owns 46,739 shares in the company, valued at $4,888,432.01. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,715 shares of company stock valued at $1,299,729 in the last ninety 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.