TransUnion (NYSE:TRU) Updates FY 2024 Earnings Guidance

TransUnion (NYSE:TRU - Get Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 3.690-3.860 for the period, compared to the consensus EPS 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 Price Performance

Shares of TRU traded up $5.61 during trading hours on Thursday, hitting $74.29. The stock had a trading volume of 6,688,910 shares, compared to its average volume of 1,711,300. The company's fifty day moving average is $76.38 and its two-hundred day moving average is $67.83. 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 52 week low of $42.09 and a 52 week high of $82.75. The stock has a market capitalization of $14.43 billion, a price-to-earnings ratio of -49.86, a P/E/G ratio of 1.07 and a beta of 1.61.

TransUnion (NYSE:TRU - Get Free Report) last posted its earnings results on Tuesday, February 13th. The business services provider reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.08. TransUnion had a negative net margin of 7.50% and a positive return on equity of 13.58%. The business had revenue of $954.00 million for the quarter, compared to analyst estimates of $927.04 million. During the same quarter in the prior year, the firm earned $0.70 EPS. The firm's quarterly revenue was up 5.8% compared to the same quarter last year. On average, analysts anticipate 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. Shareholders of record on Thursday, March 7th were issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Wednesday, March 6th. TransUnion's dividend payout ratio is currently -28.19%.

Analyst Ratings Changes

Several research analysts have recently issued reports on TRU shares. Oppenheimer raised their target price on shares of TransUnion from $81.00 to $90.00 and gave the company an outperform rating in a research note on Tuesday, April 9th. Royal Bank of Canada reaffirmed an outperform rating and issued a $85.00 target price on shares of TransUnion in a research note on Wednesday, February 14th. Bank of America raised shares of TransUnion from an underperform rating to a neutral rating and raised their target price for the company from $65.00 to $90.00 in a research note on Monday, April 1st. Wells Fargo & Company increased their price target on shares of TransUnion from $80.00 to $85.00 and gave the company an overweight rating in a research report on Wednesday, February 14th. Finally, The Goldman Sachs Group increased their price target on shares of TransUnion from $63.00 to $72.00 and gave the company a neutral rating in a research report on Friday, December 29th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, TransUnion currently has a consensus rating of Moderate Buy and an average target price of $81.60.

Insider Activity

In other news, EVP Timothy J. Martin sold 12,000 shares of TransUnion 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 sale, the executive vice president now directly owns 54,522 shares in the company, valued at $4,284,883.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Timothy J. Martin sold 12,000 shares of the firm's stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 54,522 shares of the company's stock, valued at $4,284,883.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Steven M. Chaouki sold 1,775 shares of the firm's 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 directly owns 75,099 shares of the company's stock, valued at $6,105,548.70. The disclosure for this sale can be found here. Insiders have sold 15,275 shares of company stock worth $1,204,538 over the last ninety days. 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.