TransUnion (TRU) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

TransUnion (NYSE:TRU) issued its quarterly earnings results on Tuesday, July 25th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.03, Bloomberg Earnings reports. The company had revenue of $474.80 million for the quarter, compared to the consensus estimate of $464.77 million. TransUnion had a return on equity of 20.32% and a net margin of 12.08%. The firm’s revenue was up 11.5% compared to the same quarter last year. During the same period last year, the business posted $0.37 earnings per share. TransUnion updated its Q3 guidance to 0.45-0.46 EPS.

TransUnion (NYSE TRU) traded up 0.15% during midday trading on Friday, reaching $45.74. The company’s stock had a trading volume of 1,361,437 shares. The firm has a 50 day moving average price of $44.87 and a 200-day moving average price of $40.34. TransUnion has a 52 week low of $28.92 and a 52 week high of $46.53. The firm has a market cap of $8.32 billion, a P/E ratio of 39.36 and a beta of 0.61.

Several equities research analysts have recently issued reports on TRU shares. TheStreet raised TransUnion from a “c” rating to a “b-” rating in a research report on Monday, June 26th. Cowen and Company reaffirmed a “buy” rating and issued a $48.00 price target on shares of TransUnion in a research report on Friday, July 28th. Zacks Investment Research raised TransUnion from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research report on Thursday, July 27th. Deutsche Bank AG reissued a “buy” rating and set a $47.00 target price (up from $45.00) on shares of TransUnion in a research report on Saturday, April 29th. Finally, Barclays PLC reissued a “buy” rating and set a $45.00 target price on shares of TransUnion in a research report on Thursday, April 27th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $46.75.

ILLEGAL ACTIVITY WARNING: This article was first posted by Stock Observer and is owned by of Stock Observer. If you are accessing this article on another website, it was illegally stolen and reposted in violation of United States and international copyright and trademark law. The correct version of this article can be accessed at https://www.thestockobserver.com/2017/08/12/transunion-tru-announces-earnings-results-beats-estimates-by-0-03-eps-updated-updated.html.

In other TransUnion news, CAO Timothy Elberfeld sold 902 shares of the stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $45.43, for a total transaction of $40,977.86. Following the transaction, the chief accounting officer now owns 15,423 shares in the company, valued at approximately $700,666.89. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP John W. Blenke sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $41.82, for a total transaction of $418,200.00. Following the sale, the executive vice president now owns 114,717 shares in the company, valued at approximately $4,797,464.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,047,490 shares of company stock worth $640,516,999. Company insiders own 2.10% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Nikko Asset Management Americas Inc. raised its stake in TransUnion by 71.4% in the first quarter. Nikko Asset Management Americas Inc. now owns 12,000 shares of the business services provider’s stock valued at $460,000 after buying an additional 5,000 shares in the last quarter. Nationwide Fund Advisors raised its stake in TransUnion by 2.8% in the first quarter. Nationwide Fund Advisors now owns 216,338 shares of the business services provider’s stock valued at $8,297,000 after buying an additional 5,796 shares in the last quarter. Columbus Circle Investors raised its stake in TransUnion by 50.4% in the first quarter. Columbus Circle Investors now owns 670,976 shares of the business services provider’s stock valued at $25,732,000 after buying an additional 224,769 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new stake in TransUnion during the first quarter valued at about $292,000. Finally, Parametrica Management Ltd raised its stake in TransUnion by 27.2% in the first quarter. Parametrica Management Ltd now owns 8,241 shares of the business services provider’s stock valued at $316,000 after buying an additional 1,763 shares in the last quarter.

TransUnion Company Profile

TransUnion is a risk and information solutions provider to businesses and consumers. The Company provides consumer reports, risk scores, analytical services and decision capabilities to businesses. The Company operates through three segments: U.S. Information Services (USIS), International and Consumer Interactive.

Earnings History for TransUnion (NYSE:TRU)

Receive News & Ratings for TransUnion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransUnion and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply