TransUnion (NYSE:TRU) Updates FY 2024 Earnings Guidance

TransUnion (NYSE:TRU) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 3.690-3.860 for the period, compared to the consensus earnings per share estimate of 3.700. The company issued revenue guidance of $4.0 billion-$4.1 billion, compared to the consensus revenue estimate of $4.0 billion. TransUnion also updated its FY24 guidance to $3.69 to $3.86 EPS.

TransUnion Stock Up 0.2 %

Shares of NYSE:TRU traded up $0.18 on Friday, reaching $74.47. The company had a trading volume of 1,873,346 shares, compared to its average volume of 1,713,301. TransUnion has a 52-week low of $42.09 and a 52-week high of $82.75. The firm’s 50 day simple moving average is $76.33 and its 200-day simple moving average is $67.88. The firm has a market capitalization of $14.46 billion, a PE ratio of -49.98, a PEG ratio of 1.06 and a beta of 1.61. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.28.

TransUnion (NYSE:TRU) last announced its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.12. TransUnion had a positive return on equity of 13.58% and a negative net margin of 7.50%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $977.62 million. As a group, analysts expect that TransUnion will post 3.31 earnings per share for the current fiscal year.

TransUnion Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Thursday, March 7th were issued a $0.105 dividend. The ex-dividend date was Wednesday, March 6th. This represents a $0.42 annualized dividend and a dividend yield of 0.56%. TransUnion’s dividend payout ratio (DPR) is presently -28.19%.

Analyst Upgrades and Downgrades

TRU has been the subject of a number of analyst reports. Morgan Stanley upped their price target on TransUnion from $87.00 to $90.00 and gave the company an overweight rating in a research report on Friday. Bank of America upgraded TransUnion from an underperform rating to a neutral rating and increased their price objective for the stock from $65.00 to $90.00 in a research report on Monday, April 1st. Jefferies Financial Group increased their price objective on TransUnion from $75.00 to $85.00 and gave the stock a buy rating in a research report on Wednesday, January 17th. StockNews.com upgraded TransUnion from a sell rating to a hold rating in a research report on Tuesday, January 23rd. Finally, Truist Financial increased their price objective on TransUnion from $65.00 to $75.00 and gave the stock a hold rating in a research report on Wednesday, February 14th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $83.60.

Insider Activity

In related news, EVP Timothy J. Martin sold 12,000 shares of TransUnion stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $78.59, for a total transaction of $943,080.00. Following the completion of the transaction, the executive vice president now directly owns 54,522 shares in the company, valued at approximately $4,284,883.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 approximately $6,105,548.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Timothy J. Martin sold 12,000 shares of TransUnion stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $78.59, for a total transaction of $943,080.00. Following the completion of the sale, the executive vice president now directly owns 54,522 shares of the company’s stock, valued at $4,284,883.98. The disclosure for this sale can be found here. In the last three months, insiders sold 15,275 shares of company stock worth $1,204,538. Company insiders own 0.22% of the company’s stock.

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.