TransUnion (NYSE:TRU) Issues Q2 2024 Earnings Guidance

TransUnion (NYSE:TRU) updated its second quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.950-0.980 for the period, compared to the consensus 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 Performance

Shares of TRU traded up $0.18 during midday trading on Friday, reaching $74.47. 1,873,346 shares of the stock were exchanged, compared to its average volume of 1,713,301. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.28. The stock’s 50 day simple moving average is $76.33 and its 200 day simple moving average is $67.88. TransUnion has a twelve month low of $42.09 and a twelve month high of $82.75. The company has a market cap of $14.46 billion, a P/E ratio of -49.98, a PEG ratio of 1.06 and a beta of 1.61.

TransUnion (NYSE:TRU) last released its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.83 earnings per share 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 the consensus estimate of $977.62 million. On average, sell-side analysts expect that TransUnion will post 3.31 earnings per share for the current year.

TransUnion Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have weighed in on TRU. StockNews.com upgraded shares of TransUnion from a sell rating to a hold rating in a research report on Tuesday, January 23rd. Needham & Company LLC boosted their price objective on TransUnion from $87.00 to $89.00 and gave the stock a buy rating in a research report on Thursday. The Goldman Sachs Group increased their target price on TransUnion from $63.00 to $72.00 and gave the company a neutral rating in a research report on Friday, December 29th. Oppenheimer boosted their price target on TransUnion from $81.00 to $90.00 and gave the stock an outperform rating in a report on Tuesday, April 9th. Finally, Barclays upped their price objective on TransUnion from $55.00 to $75.00 and gave the company an equal weight rating in a research note on Wednesday, February 14th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $83.60.

Insider Buying and Selling at TransUnion

In related news, EVP Richard Dane Mauldin sold 1,500 shares of the firm’s stock in a transaction dated 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 approximately $1,720,777.30. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, EVP Richard Dane Mauldin sold 1,500 shares of TransUnion stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $78.10, for a total transaction of $117,150.00. Following the sale, the executive vice president now directly owns 22,033 shares in the company, valued at approximately $1,720,777.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven M. Chaouki sold 1,775 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $81.30, for a total value of $144,307.50. Following the completion of the transaction, the insider now owns 75,099 shares of the company’s stock, valued at approximately $6,105,548.70. The disclosure for this sale can be found here. In the last 90 days, insiders 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.