TransUnion (NYSE:TRU) Releases FY 2024 Earnings Guidance

TransUnion (NYSE:TRU) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 3.690-3.860 for the period, compared to the consensus estimate of 3.700. The company issued revenue guidance of $4.0 billion-$4.1 billion, compared to the consensus revenue estimate of $4.0 billion. TransUnion also updated its FY24 guidance to $3.69 to $3.86 EPS.

TransUnion Stock Up 0.3 %

NYSE:TRU traded up $0.20 during mid-day trading on Friday, hitting $74.49. The company had a trading volume of 1,873,347 shares, compared to its average volume of 1,905,408. The business has a fifty day simple moving average of $76.32 and a 200-day simple moving average of $67.91. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.28. TransUnion has a 1 year low of $42.09 and a 1 year high of $82.75. The firm has a market capitalization of $14.47 billion, a price-to-earnings ratio of -52.08, a PEG ratio of 1.14 and a beta of 1.61.

TransUnion (NYSE:TRU) last released its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.71 by $0.12. TransUnion had a positive return on equity of 14.22% and a negative net margin of 7.02%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $977.62 million. Equities analysts forecast that TransUnion will post 3.31 earnings per share for the current fiscal year.

TransUnion Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Thursday, March 7th were given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date was Wednesday, March 6th. TransUnion’s payout ratio is -29.37%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TRU shares. JPMorgan Chase & Co. lifted their target price on TransUnion from $69.00 to $84.00 and gave the stock an overweight rating in a research report on Wednesday, February 14th. Evercore ISI lifted their target price on TransUnion from $70.00 to $80.00 and gave the stock an in-line rating in a research report on Tuesday, March 26th. Stifel Nicolaus lifted their target price on TransUnion from $83.00 to $92.00 and gave the stock a buy rating in a research report on Friday. Royal Bank of Canada reaffirmed an outperform rating and set a $85.00 target price on shares of TransUnion in a research report on Wednesday, February 14th. Finally, StockNews.com upgraded TransUnion from a sell rating to a hold rating in a research note on Tuesday, January 23rd. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $83.60.

Insider Buying and Selling at TransUnion

In other TransUnion news, EVP Richard Dane Mauldin sold 1,500 shares of TransUnion stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $78.10, for a total value of $117,150.00. Following the completion of the transaction, the executive vice president now directly owns 22,033 shares in the company, valued at $1,720,777.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, EVP Richard Dane Mauldin sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $78.10, for a total transaction of $117,150.00. Following the completion of the transaction, the executive vice president now directly owns 22,033 shares in the company, valued at $1,720,777.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Steven M. Chaouki sold 1,775 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $81.30, for a total value of $144,307.50. Following the transaction, the insider now owns 75,099 shares of the company’s stock, valued at $6,105,548.70. The disclosure for this sale can be found here. Insiders sold a total of 15,275 shares of company stock worth $1,204,538 over 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.