TransUnion (NYSE:TRU) Updates Q2 2024 Earnings Guidance

TransUnion (NYSE:TRU) issued an update on its second quarter 2024 earnings guidance on Thursday morning. 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.

TransUnion Stock Up 0.3 %

Shares of TRU traded up $0.20 during midday trading on Friday, reaching $74.49. 1,873,347 shares of the stock were exchanged, compared to its average volume of 1,905,408. TransUnion has a 52 week low of $42.09 and a 52 week high of $82.75. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.28. The company’s 50 day moving average is $76.32 and its two-hundred day moving average is $67.91. The company has a market capitalization of $14.47 billion, a P/E ratio of -52.08, a PEG ratio of 1.14 and a beta of 1.61.

TransUnion (NYSE:TRU) last posted its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $977.62 million. On average, sell-side analysts anticipate that TransUnion will post 3.31 earnings per share for the current year.

TransUnion Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors 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 yield of 0.56%. The ex-dividend date was Wednesday, March 6th. TransUnion’s payout ratio is currently -29.37%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on TRU shares. Wells Fargo & Company raised their price objective on TransUnion from $80.00 to $85.00 and gave the company an overweight rating in a research report on Wednesday, February 14th. Stifel Nicolaus raised their price objective on TransUnion from $83.00 to $92.00 and gave the company a buy rating in a research report on Friday. Morgan Stanley raised their price objective on TransUnion from $87.00 to $90.00 and gave the company an overweight rating in a research report on Friday. Jefferies Financial Group raised their price objective on TransUnion from $75.00 to $85.00 and gave the company a buy rating in a research report on Wednesday, January 17th. Finally, StockNews.com upgraded TransUnion from a sell rating to a hold rating in a research note on Tuesday, January 23rd. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $83.60.

Insider Transactions at TransUnion

In other news, EVP Richard Dane Mauldin sold 1,500 shares of the firm’s stock in a transaction dated 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 document filed with the SEC, which is available at the SEC website. In related news, insider Steven M. Chaouki sold 1,775 shares of TransUnion stock in a transaction that occurred 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 transaction, the insider now directly owns 75,099 shares in the company, valued at $6,105,548.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Richard Dane Mauldin sold 1,500 shares of TransUnion stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $78.10, for a total value of $117,150.00. Following the transaction, the executive vice president now owns 22,033 shares of the company’s stock, valued at $1,720,777.30. 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 three months. 0.22% of the stock is currently owned by insiders.

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.