TransUnion (NYSE:TRU) Issues 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.

Wall Street Analysts Forecast Growth

TRU has been the topic of several research analyst reports. Morgan Stanley upped their price objective on shares of TransUnion from $87.00 to $90.00 and gave the stock an overweight rating in a research report on Friday. Stifel Nicolaus upped their target price on TransUnion from $83.00 to $92.00 and gave the stock a buy rating in a research note on Friday. Barclays increased their target price on TransUnion from $55.00 to $75.00 and gave the company an equal weight rating in a report on Wednesday, February 14th. Wells Fargo & Company boosted their price objective on TransUnion from $80.00 to $85.00 and gave the company an overweight rating in a research report on Wednesday, February 14th. Finally, Truist Financial raised their target price on shares of TransUnion from $65.00 to $75.00 and gave the stock a hold rating in a report on Wednesday, February 14th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, TransUnion presently has an average rating of Moderate Buy and an average target price of $83.60.

TransUnion Stock Up 0.2 %

Shares of TRU traded up $0.18 on Friday, reaching $74.47. The stock had a trading volume of 1,873,346 shares, compared to its average volume of 1,713,301. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.47 and a current ratio of 1.47. TransUnion has a 12-month low of $42.09 and a 12-month high of $82.75. The firm has a market capitalization of $14.46 billion, a price-to-earnings ratio of -49.98, a price-to-earnings-growth ratio of 1.06 and a beta of 1.61. The company has a 50-day simple moving average of $76.33 and a 200-day simple moving average of $67.88.

TransUnion (NYSE:TRU) last announced its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.83 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $977.62 million. Sell-side analysts predict that TransUnion will post 3.31 EPS for the current year.

TransUnion Announces Dividend

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

Insiders Place Their Bets

In other news, insider Steven M. Chaouki sold 1,775 shares of TransUnion 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other TransUnion news, insider Steven M. Chaouki sold 1,775 shares of TransUnion stock in a transaction 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 sale, the insider now owns 75,099 shares of the company’s stock, valued at approximately $6,105,548.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Richard Dane Mauldin sold 1,500 shares of the stock in a transaction on Thursday, March 14th. The shares were 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 15,275 shares of company stock valued at $1,204,538. 0.22% of the stock is currently owned by corporate insiders.

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.