TransUnion (NYSE:TRU) Issues FY 2024 Earnings Guidance

TransUnion (NYSE:TRU) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 3.780-3.900 for the period, compared to the consensus EPS estimate of 3.820. The company issued revenue guidance of $4.1 billion-$4.1 billion, compared to the consensus revenue estimate of $4.1 billion. TransUnion also updated its Q3 guidance to $0.97 to $1.02 EPS.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TRU. Oppenheimer upped their price target on shares of TransUnion from $90.00 to $97.00 and gave the company an outperform rating in a report on Friday. Wolfe Research began coverage on shares of TransUnion in a report on Tuesday, July 9th. They set a peer perform rating on the stock. Bank of America raised shares of TransUnion from a neutral rating to a buy rating and set a $92.00 price objective for the company in a research report on Thursday, June 20th. Morgan Stanley upped their price target on shares of TransUnion from $87.00 to $90.00 and gave the stock an overweight rating in a research report on Friday, April 26th. Finally, Robert W. Baird upped their price target on shares of TransUnion from $94.00 to $104.00 and gave the stock an outperform rating in a research report on Friday. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, TransUnion currently has a consensus rating of Moderate Buy and a consensus target price of $86.80.

TransUnion Stock Performance

TransUnion stock traded up $2.65 during mid-day trading on Friday, reaching $86.46. 2,781,152 shares of the company traded hands, compared to its average volume of 1,487,285. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.65 and a quick ratio of 1.65. TransUnion has a fifty-two week low of $42.09 and a fifty-two week high of $87.36. The company has a market capitalization of $16.79 billion, a price-to-earnings ratio of -60.46, a price-to-earnings-growth ratio of 1.64 and a beta of 1.61. The firm’s fifty day moving average is $75.62 and its two-hundred day moving average is $74.87.

TransUnion (NYSE:TRU) last issued its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.12. TransUnion had a negative net margin of 6.11% and a positive return on equity of 15.13%. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $977.62 million. On average, equities research analysts expect that TransUnion will post 3.43 earnings per share for the current fiscal year.

TransUnion Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.42 dividend on an annualized basis and a yield of 0.49%. TransUnion’s payout ratio is -29.37%.

Insider Buying and Selling at TransUnion

In other news, insider Steven M. Chaouki sold 1,776 shares of the stock in a transaction 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 sale, the insider now owns 71,547 shares in the company, valued at $5,151,384. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Todd M. Cello sold 12,865 shares of the stock in a transaction on 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 sale, the chief financial officer now owns 101,426 shares in the company, valued at $8,114,080. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven M. Chaouki sold 1,776 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 in the company, valued at $5,151,384. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,761 shares of company stock worth $2,266,576. 0.22% of the stock is owned by corporate 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.