TransUnion (NYSE:TRU) Releases FY24 Earnings Guidance

TransUnion (NYSE:TRU) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $3.69 to $3.86 for the period, compared to the consensus estimate of $3.74. The company issued revenue guidance of $4.023 billion to $4.083 billion, compared to the consensus revenue estimate of $4.02 billion. TransUnion also updated its FY 2024 guidance to 3.690-3.860 EPS.

Analyst Ratings Changes

A number of analysts have commented on TRU shares. Barclays upped their price objective on shares of TransUnion from $55.00 to $75.00 and gave the company an equal weight rating in a research note on Wednesday, February 14th. Needham & Company LLC upped their price target on shares of TransUnion from $87.00 to $89.00 and gave the company a buy rating in a research report on Thursday. Evercore ISI lifted their price objective on shares of TransUnion from $70.00 to $80.00 and gave the stock an in-line rating in a research report on Tuesday, March 26th. The Goldman Sachs Group boosted their target price on shares of TransUnion from $63.00 to $72.00 and gave the company a neutral rating in a research note on Friday, December 29th. Finally, Robert W. Baird raised their target price on TransUnion from $87.00 to $94.00 and gave the stock an outperform rating in a research report on Friday. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $83.60.

TransUnion Trading Up 0.2 %

Shares of TransUnion stock traded up $0.18 during trading on Friday, reaching $74.47. 1,873,346 shares of the company were exchanged, compared to its average volume of 1,713,301. TransUnion has a twelve month low of $42.09 and a twelve month high of $82.75. The business has a 50-day moving average price of $76.33 and a 200-day moving average price of $67.88. 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 firm has a market capitalization of $14.46 billion, a price-to-earnings ratio of -49.98, a P/E/G ratio of 1.06 and a beta of 1.61.

TransUnion (NYSE:TRU) last announced 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. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $977.62 million. TransUnion had a negative net margin of 7.50% and a positive return on equity of 13.58%. Sell-side analysts anticipate that TransUnion will post 3.31 EPS for the current fiscal year.

TransUnion Dividend Announcement

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

Insiders Place Their Bets

In related news, insider Steven M. Chaouki sold 1,775 shares of the business’s stock in a transaction that occurred on 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 directly owns 75,099 shares in the company, valued at approximately $6,105,548.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Richard Dane Mauldin sold 1,500 shares of the business’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 sale, 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 filing with the SEC, which is accessible through the SEC website. Also, insider Steven M. Chaouki sold 1,775 shares of the company’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 transaction, the insider now directly owns 75,099 shares of the company’s stock, valued at $6,105,548.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,275 shares of company stock worth $1,204,538. Corporate insiders own 0.22% of the company’s stock.

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.