TransUnion (NYSE:TRU) Issues 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 NYSE:TRU traded up $0.20 during midday trading on Friday, hitting $74.49. 1,873,347 shares of the company’s stock were exchanged, compared to its average volume of 1,905,408. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.47 and a quick ratio of 1.47. TransUnion has a 12 month low of $42.09 and a 12 month high of $82.75. The company has a market cap of $14.47 billion, a PE ratio of -52.09, a price-to-earnings-growth ratio of 1.15 and a beta of 1.61. The stock has a 50 day moving average price of $76.32 and a 200-day moving average price of $67.88.

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

TransUnion Announces Dividend

The company also recently announced 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 of this dividend was Wednesday, March 6th. This represents a $0.42 annualized dividend and a dividend yield of 0.56%. TransUnion’s dividend payout ratio is currently -29.37%.

Analyst Ratings Changes

Several research firms recently weighed in on TRU. Jefferies Financial Group increased their price target on shares of TransUnion from $75.00 to $85.00 and gave the company a buy rating in a research report on Wednesday, January 17th. JPMorgan Chase & Co. increased their target price on shares of TransUnion from $69.00 to $84.00 and gave the company an overweight rating in a research report on Wednesday, February 14th. Needham & Company LLC increased their price objective on TransUnion from $87.00 to $89.00 and gave the company a buy rating in a report on Thursday. Robert W. Baird boosted their target price on TransUnion from $87.00 to $94.00 and gave the company an outperform rating in a research note on Friday. Finally, Bank of America raised TransUnion from an underperform rating to a neutral rating and upped their price target for the company from $65.00 to $90.00 in a research report on Monday, April 1st. Six investment 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, TransUnion has an average rating of Moderate Buy and a consensus target price of $83.60.

Insider Activity

In other TransUnion news, 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 transaction of $117,150.00. Following the transaction, the executive vice president now directly owns 22,033 shares of the company’s stock, valued at $1,720,777.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Timothy J. Martin sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $78.59, for a total value of $943,080.00. Following the transaction, the executive vice president now owns 54,522 shares in the company, valued at $4,284,883.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the transaction, the executive vice president now directly owns 22,033 shares in the company, valued at $1,720,777.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,275 shares of company stock worth $1,204,538. 0.22% of the stock is currently owned by 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.