TransUnion (NYSE:TRU) Issues FY24 Earnings Guidance

TransUnion (NYSE:TRU) issued an update on its FY24 earnings guidance on Thursday morning. The company provided EPS guidance of $3.69 to $3.86 for the period, compared to the consensus EPS 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.

TransUnion Trading Down 1.2 %

Shares of NYSE:TRU opened at $68.69 on Thursday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.47 and a quick ratio of 1.47. The business’s 50-day moving average is $76.55 and its 200 day moving average is $67.83. The firm has a market capitalization of $13.34 billion, a P/E ratio of -46.10, a P/E/G ratio of 1.07 and a beta of 1.61. TransUnion has a 1 year low of $42.09 and a 1 year high of $82.75.

TransUnion (NYSE:TRU) last posted its quarterly earnings results on Tuesday, February 13th. The business services provider reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.08. The business had revenue of $954.00 million for the quarter, compared to the consensus estimate of $927.04 million. TransUnion had a positive return on equity of 13.58% and a negative net margin of 7.50%. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.70 EPS. On average, research analysts predict that TransUnion will post 3.31 earnings per share for the current fiscal year.

TransUnion Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 0.61%. The ex-dividend date was Wednesday, March 6th. TransUnion’s dividend payout ratio is currently -28.19%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TRU shares. The Goldman Sachs Group lifted their target price on shares of TransUnion from $63.00 to $72.00 and gave the company a neutral rating in a report on Friday, December 29th. JPMorgan Chase & Co. increased their target price on shares of TransUnion from $69.00 to $84.00 and gave the stock an overweight rating in a research note on Wednesday, February 14th. Barclays raised their target price on TransUnion from $55.00 to $75.00 and gave the company an equal weight rating in a research report on Wednesday, February 14th. Evercore ISI increased their price target on TransUnion from $70.00 to $80.00 and gave the stock an in-line rating in a research report on Tuesday, March 26th. Finally, Oppenheimer raised their price objective on TransUnion from $81.00 to $90.00 and gave the company an outperform rating in a report on Tuesday, April 9th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, TransUnion currently has an average rating of Moderate Buy and a consensus price target of $81.47.

Insider Transactions at TransUnion

In other TransUnion news, EVP Richard Dane Mauldin sold 1,500 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $78.10, for a total value of $117,150.00. Following the sale, the executive vice president now owns 22,033 shares of the company’s stock, valued at approximately $1,720,777.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other TransUnion news, insider Steven M. Chaouki sold 1,775 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $81.30, for a total transaction of $144,307.50. Following the completion of the sale, the insider now directly 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Richard Dane Mauldin sold 1,500 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was 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 of the company’s stock, valued at $1,720,777.30. The disclosure for this sale can be found here. Insiders have sold a total of 15,275 shares of company stock worth $1,204,538 in the last ninety days. Insiders own 0.22% of the company’s stock.

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.