FY2017 EPS Estimates for TransUnion Lifted by SunTrust Banks (TRU)
TransUnion (NYSE:TRU) – Equities researchers at SunTrust Banks upped their FY2017 earnings per share estimates for TransUnion in a report released on Friday. SunTrust Banks analyst A. Jeffrey now forecasts that the business services provider will post earnings of $1.71 per share for the year, up from their previous estimate of $1.70. SunTrust Banks currently has a “Buy” rating and a $56.00 target price on the stock. SunTrust Banks also issued estimates for TransUnion’s FY2018 earnings at $1.93 EPS.
TransUnion (NYSE:TRU) last announced its earnings results on Tuesday, July 25th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.03. TransUnion had a net margin of 12.08% and a return on equity of 20.32%. The business had revenue of $474.80 million during the quarter, compared to analyst estimates of $464.77 million. During the same period in the previous year, the business posted $0.37 earnings per share. TransUnion’s revenue for the quarter was up 11.5% on a year-over-year basis.
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TRU has been the subject of several other reports. Morgan Stanley restated an “overweight” rating and issued a $50.00 price target (up from $47.00) on shares of TransUnion in a research note on Wednesday, July 26th. TheStreet upgraded TransUnion from a “c” rating to a “b-” rating in a research note on Monday, June 26th. Zacks Investment Research upgraded TransUnion from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research note on Thursday, September 7th. Cowen and Company restated a “buy” rating and issued a $48.00 price target on shares of TransUnion in a research note on Thursday, September 7th. Finally, BidaskClub upgraded TransUnion from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 14th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $48.56.
Shares of TransUnion (NYSE TRU) opened at 49.41 on Monday. The company has a market capitalization of $8.99 billion, a price-to-earnings ratio of 42.52 and a beta of 0.58. The firm’s 50-day moving average is $46.71 and its 200 day moving average is $46.71. TransUnion has a 12 month low of $28.92 and a 12 month high of $50.15.
In related news, EVP Samuel A. Hamood sold 21,341 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $42.95, for a total value of $916,595.95. Following the completion of the sale, the executive vice president now directly owns 20,243 shares in the company, valued at $869,436.85. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider James M. Peck sold 39,229 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $47.83, for a total value of $1,876,323.07. Following the completion of the sale, the insider now owns 202,343 shares of the company’s stock, valued at $9,678,065.69. The disclosure for this sale can be found here. Insiders have sold a total of 14,108,242 shares of company stock valued at $643,363,096 over the last quarter. Corporate insiders own 2.10% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Public Employees Retirement Association of Colorado lifted its position in TransUnion by 138.6% in the second quarter. Public Employees Retirement Association of Colorado now owns 4,009 shares of the business services provider’s stock worth $174,000 after buying an additional 2,329 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in TransUnion by 17.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,780 shares of the business services provider’s stock worth $207,000 after purchasing an additional 694 shares during the period. SG Americas Securities LLC purchased a new stake in TransUnion in the second quarter worth $212,000. Alpine Global Management LLC purchased a new stake in TransUnion in the second quarter worth $217,000. Finally, Schmidt P J Investment Management Inc. purchased a new stake in TransUnion in the second quarter worth $230,000.
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.
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