TransUnion (NYSE:TRU) Releases FY 2024 Earnings Guidance

TransUnion (NYSE:TRU) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 3.870-3.930 for the period, compared to the consensus earnings per share estimate of 3.870. The company issued revenue guidance of $4.2 billion-$4.2 billion, compared to the consensus revenue estimate of $4.1 billion. TransUnion also updated its Q4 guidance to $0.92-0.98 EPS.

Analyst Ratings Changes

A number of research analysts have commented on TRU shares. Wolfe Research upgraded shares of TransUnion from a “peer perform” rating to an “outperform” rating and set a $130.00 price target on the stock in a research report on Thursday, October 10th. The Goldman Sachs Group lifted their price objective on TransUnion from $97.00 to $109.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. UBS Group began coverage on TransUnion in a report on Tuesday, October 1st. They set a “neutral” rating and a $110.00 target price for the company. Morgan Stanley lifted their price target on TransUnion from $103.00 to $119.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Oppenheimer increased their price objective on TransUnion from $118.00 to $122.00 and gave the company an “outperform” rating in a research note on Thursday. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $104.53.

TransUnion Stock Down 0.7 %

Shares of TRU stock traded down $0.74 during midday trading on Friday, reaching $105.90. 494,229 shares of the stock were exchanged, compared to its average volume of 1,583,336. The firm has a market cap of $20.57 billion, a PE ratio of -74.57, a price-to-earnings-growth ratio of 1.38 and a beta of 1.62. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.22. The company’s 50 day moving average is $101.36 and its two-hundred day moving average is $85.52. TransUnion has a 1 year low of $42.09 and a 1 year high of $113.17.

TransUnion (NYSE:TRU) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.01 by $0.03. TransUnion had a positive return on equity of 15.03% and a negative net margin of 6.11%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the firm posted $0.80 earnings per share. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, equities research analysts predict that TransUnion will post 3.46 EPS for the current year.

TransUnion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Friday, August 23rd were issued a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date was Friday, August 23rd. TransUnion’s dividend payout ratio (DPR) is presently -29.37%.

Insider Buying and Selling at TransUnion

In other news, insider Todd C. Skinner sold 2,900 shares of TransUnion stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $85.58, for a total value of $248,182.00. Following the completion of the transaction, the insider now owns 27,729 shares of the company’s stock, valued at $2,373,047.82. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Todd C. Skinner sold 2,900 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $85.58, for a total transaction of $248,182.00. Following the completion of the sale, the insider now owns 27,729 shares of the company’s stock, valued at $2,373,047.82. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Heather J. Russell sold 3,173 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $95.58, for a total value of $303,275.34. Following the completion of the transaction, the executive vice president now directly owns 19,926 shares in the company, valued at $1,904,527.08. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,715 shares of company stock valued at $1,299,729. Corporate insiders own 0.22% of the company’s stock.

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.