TransUnion (TRU) To Go Ex-Dividend on November 10th

TransUnion (NYSE:TRU) announced a quarterly dividend on Monday, October 26th. Investors of record on Tuesday, November 10th will be given a dividend of $0.1350 per share by the business services provider on Wednesday, November 25th. This represents a $0.54 annualized dividend and a yield of 0.7%. The ex-dividend date is Tuesday, November 10th. This is a 8.0% increase from TransUnion’s previous quarterly dividend of $0.1250.

TransUnion has raised its dividend by an average of 0.1% per year over the last three years and has increased its dividend every year for the last 1 years. TransUnion has a dividend payout ratio of 10.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect TransUnion to earn $4.77 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 10.5%.

TransUnion Stock Down 5.6%

TRU stock opened at $75.13 on Wednesday. The business has a 50-day moving average of $74.93 and a 200-day moving average of $74.41. TransUnion has a fifty-two week low of $60.96 and a fifty-two week high of $89.12.

TransUnion (NYSE:TRU) last posted its quarterly earnings results on Tuesday, October 27th. The business services provider reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.04. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.10 earnings per share. On average, equities analysts predict that TransUnion will post 4.24 EPS for the current fiscal year.

Analysts Set New Price Targets

TRU has been the subject of a number of recent analyst reports. Barclays cut their price target on shares of TransUnion from $85.00 to $70.00 and set an “equal weight” rating for the company in a report on Friday, October 2nd. BMO Capital Markets raised their target price on TransUnion from $85.00 to $98.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Royal Bank Of Canada reduced their price objective on TransUnion from $100.00 to $92.00 and set an “outperform” rating on the stock in a research note on Friday, October 16th. Weiss Ratings raised TransUnion from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. Finally, The Goldman Sachs Group dropped their target price on shares of TransUnion from $77.00 to $68.00 and set a “neutral” rating for the company in a report on Friday, October 2nd. Ten equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $91.81.

TransUnion Company Profile

TransUnion (NYSE: TRU) is a global information and insights company that helps businesses and consumers make more informed decisions. The company collects, analyzes and delivers data related to credit, identity, fraud and consumer behavior, serving customers across financial services, insurance, healthcare, retail, telecommunications and other industries.

Its products and services include consumer credit reports and scores, credit-risk assessment, marketing and audience insights, identity verification, fraud detection, investigative tools and decisioning software.