TransUnion (NYSE:TRU) Updates FY24 Earnings Guidance

TransUnion (NYSE:TRU) updated its FY24 earnings guidance on Thursday. The company provided earnings per share guidance of $3.69 to $3.86 for the period, compared to the consensus earnings per share 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

Several equities research analysts have weighed in on the company. Robert W. Baird increased their price target on TransUnion from $87.00 to $94.00 and gave the stock an outperform rating in a research report on Friday. Bank of America raised TransUnion from an underperform rating to a neutral rating and increased their price target for the stock from $65.00 to $90.00 in a research report on Monday, April 1st. Stifel Nicolaus increased their target price on shares of TransUnion from $83.00 to $92.00 and gave the stock a buy rating in a research note on Friday. Truist Financial increased their target price on shares of TransUnion from $65.00 to $75.00 and gave the stock a hold rating in a research note on Wednesday, February 14th. Finally, Jefferies Financial Group increased their target price on shares of TransUnion from $75.00 to $85.00 and gave the stock a buy rating in a research note on Wednesday, January 17th. 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, the company currently has an average rating of Moderate Buy and an average price target of $83.60.

TransUnion Price Performance

TransUnion stock traded up $0.20 during midday trading on Friday, reaching $74.49. The company had a trading volume of 1,873,347 shares, compared to its average volume of 1,905,408. The company has a market capitalization of $14.47 billion, a P/E ratio of -52.08, a P/E/G ratio of 1.14 and a beta of 1.61. TransUnion has a 12-month low of $42.09 and a 12-month high of $82.75. The firm’s fifty day simple moving average is $76.32 and its 200-day simple moving average is $67.91. 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 (NYSE:TRU) last issued 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. TransUnion had a negative net margin of 7.02% and a positive return on equity of 14.22%. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $977.62 million. As a group, equities analysts anticipate that TransUnion will post 3.31 EPS for the current year.

TransUnion Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors 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 yield of 0.56%. TransUnion’s dividend payout ratio (DPR) is presently -29.37%.

Insider Activity at TransUnion

In related news, insider Steven M. Chaouki sold 1,775 shares of TransUnion stock in a transaction that occurred on Monday, April 1st. The shares were 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 in the company, valued at approximately $6,105,548.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other TransUnion news, EVP Richard Dane Mauldin sold 1,500 shares of TransUnion 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 transaction, the executive vice president now directly owns 22,033 shares in the company, valued at $1,720,777.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Steven M. Chaouki sold 1,775 shares of TransUnion stock in a transaction on Monday, April 1st. The shares were 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 owns 75,099 shares in the company, valued at $6,105,548.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,275 shares of company stock worth $1,204,538. 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.