TransUnion (NYSE:TRU) Updates Q2 2024 Earnings Guidance

TransUnion (NYSE:TRU) updated its second quarter 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 0.950-0.980 for the period, compared to the consensus earnings per share estimate of 0.900. The company issued revenue guidance of $1.0 billion-$1.0 billion, compared to the consensus revenue estimate of $1.0 billion. TransUnion also updated its FY 2024 guidance to 3.690-3.860 EPS.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TRU. Wells Fargo & Company boosted their target price on shares of TransUnion from $80.00 to $85.00 and gave the stock an overweight rating in a report on Wednesday, February 14th. JPMorgan Chase & Co. upped their price target on shares of TransUnion from $69.00 to $84.00 and gave the company an overweight rating in a report on Wednesday, February 14th. Barclays upped their price target on shares of TransUnion from $55.00 to $75.00 and gave the company an equal weight rating in a report on Wednesday, February 14th. Oppenheimer upped their price target on shares of TransUnion from $81.00 to $90.00 and gave the company an outperform rating in a report on Tuesday, April 9th. Finally, Royal Bank of Canada reiterated an outperform rating and set a $85.00 price target on shares of TransUnion in a report on Wednesday, February 14th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $83.60.

TransUnion Stock Up 0.2 %

NYSE:TRU traded up $0.18 during midday trading on Friday, reaching $74.47. 1,873,346 shares of the stock traded hands, compared to its average volume of 1,713,301. TransUnion has a 12-month low of $42.09 and a 12-month high of $82.75. The business has a 50-day moving average of $76.33 and a two-hundred day moving average of $67.88. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.47 and a current ratio of 1.47. The stock has a market capitalization of $14.46 billion, a PE ratio of -49.98, a price-to-earnings-growth ratio of 1.06 and a beta of 1.61.

TransUnion (NYSE:TRU) last posted its earnings results on Thursday, April 25th. The business services provider reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.12. TransUnion had a negative net margin of 7.50% and a positive return on equity of 13.58%. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $977.62 million. On average, equities analysts forecast that TransUnion will post 3.31 earnings per share for the current fiscal year.

TransUnion Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Thursday, March 7th were paid a dividend of $0.105 per share. The ex-dividend date was Wednesday, March 6th. This represents a $0.42 dividend on an annualized basis and a yield of 0.56%. TransUnion’s payout ratio is -28.19%.

Insider Buying and Selling at TransUnion

In other news, EVP Timothy J. Martin sold 12,000 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $78.59, for a total value of $943,080.00. Following the sale, the executive vice president now owns 54,522 shares in the company, valued at $4,284,883.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Timothy J. Martin sold 12,000 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $78.59, for a total value of $943,080.00. Following the sale, the executive vice president now owns 54,522 shares in the company, valued at $4,284,883.98. 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 1,775 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $81.30, for a total transaction of $144,307.50. Following the completion of the sale, the insider now owns 75,099 shares in the company, valued at approximately $6,105,548.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,275 shares of company stock worth $1,204,538. 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.