TransUnion (NYSE:TRU) Updates FY 2024 Earnings Guidance

TransUnion (NYSE:TRU) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 3.870-3.930 for the period, compared to the consensus 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 2024 guidance to 0.920-0.980 EPS.

TransUnion Price Performance

TRU opened at $105.78 on Wednesday. The company’s 50-day simple moving average is $100.75 and its two-hundred day simple moving average is $85.20. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.66 and a current ratio of 1.66. The stock has a market capitalization of $20.55 billion, a P/E ratio of -83.29, a P/E/G ratio of 1.40 and a beta of 1.62. TransUnion has a 52-week low of $42.09 and a 52-week high of $108.56.

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

TransUnion Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Friday, August 23rd were paid a $0.105 dividend. The ex-dividend date was Friday, August 23rd. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.40%. TransUnion’s dividend payout ratio (DPR) is currently -33.07%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TRU shares. Robert W. Baird increased their target price on TransUnion from $94.00 to $104.00 and gave the company an “outperform” rating in a report on Friday, July 26th. The Goldman Sachs Group upped their price target on TransUnion from $97.00 to $109.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. Oppenheimer raised their price objective on shares of TransUnion from $97.00 to $118.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Morgan Stanley lifted their target price on TransUnion from $96.00 to $103.00 and gave the company an “overweight” rating in a research note on Thursday, September 12th. Finally, Needham & Company LLC lowered shares of TransUnion from a “buy” rating to a “hold” rating in a research report on Wednesday, August 28th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, TransUnion has a consensus rating of “Moderate Buy” and a consensus price target of $98.71.

Insider Buying and Selling

In other news, EVP Heather J. Russell sold 3,173 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now owns 19,926 shares in the company, valued at approximately $1,904,527.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Timothy J. Martin sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $104.59, for a total transaction of $261,475.00. Following the transaction, the executive vice president now owns 46,739 shares of the company’s stock, valued at approximately $4,888,432.01. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Heather J. Russell sold 3,173 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $95.58, for a total value of $303,275.34. Following the sale, the executive vice president now directly owns 19,926 shares of the company’s stock, valued at $1,904,527.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,715 shares of company stock worth $1,299,729 over the last three months. 0.22% of the stock is owned by 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.