TransUnion (NYSE:TRU) Posts Earnings Results, Beats Estimates By $0.03 EPS

by · The Markets Daily

TransUnion (NYSE:TRU – Get Free Report) posted its quarterly earnings results on Wednesday. The business services provider reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.03, Briefing.com reports. TransUnion had a negative net margin of 6.11% and a positive return on equity of 15.03%. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the prior year, the company posted $0.80 earnings per share. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis.

TransUnion Price Performance

Shares of TRU traded down $3.01 during trading hours on Friday, reaching $103.63. 2,337,637 shares of the company traded hands, compared to its average volume of 1,592,236. The stock has a market capitalization of $20.12 billion, a PE ratio of -74.57, a price-to-earnings-growth ratio of 1.38 and a beta of 1.62. The stock has a fifty day simple moving average of $101.36 and a 200 day simple moving average of $85.52. TransUnion has a fifty-two week low of $42.09 and a fifty-two week high of $113.17. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.22.

TransUnion Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Friday, August 23rd were given a $0.105 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.42 annualized dividend and a dividend yield of 0.41%. TransUnion’s dividend payout ratio is currently -29.37%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus increased their target price on TransUnion from $103.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday. Wolfe Research raised TransUnion from a “peer perform” rating to an “outperform” rating and set a $130.00 target price for the company in a report on Thursday, October 10th. Wells Fargo & Company upped their price target on shares of TransUnion from $125.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday. Robert W. Baird increased their price target on shares of TransUnion from $104.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday. Finally, The Goldman Sachs Group boosted their price objective on shares of TransUnion from $97.00 to $109.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.53.

Check Out Our Latest Stock Analysis on TransUnion

Insider Buying and Selling at TransUnion

In other news, EVP Timothy J. Martin sold 2,500 shares of TransUnion stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $104.59, for a total transaction of $261,475.00. Following the completion of the sale, the executive vice president now directly owns 46,739 shares in the company, valued at $4,888,432.01. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other TransUnion news, insider Steven M. Chaouki sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $95.65, for a total value of $95,650.00. Following the sale, the insider now directly owns 64,488 shares of the company’s stock, valued at approximately $6,168,277.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Timothy J. Martin sold 2,500 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $104.59, for a total transaction of $261,475.00. Following the transaction, the executive vice president now directly owns 46,739 shares of the company’s stock, valued at approximately $4,888,432.01. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,715 shares of company stock worth $1,299,729. Corporate insiders own 0.22% of the company’s stock.

About TransUnion

(Get Free Report)

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.

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