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

by · The Cerbat Gem

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

TransUnion Price Performance

Shares of TRU traded down $2.03 during midday trading on Thursday, hitting $106.64. The company’s stock had a trading volume of 2,081,071 shares, compared to its average volume of 1,588,623. 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 has a one year low of $42.09 and a one year high of $113.17. The stock has a market capitalization of $20.71 billion, a price-to-earnings ratio of -74.57, a price-to-earnings-growth ratio of 1.38 and a beta of 1.62. The company’s fifty day simple moving average is $101.36 and its two-hundred day simple moving average is $85.52.

TransUnion Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Friday, August 23rd were issued a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend was Friday, August 23rd. TransUnion’s dividend payout ratio is presently -29.37%.

Wall Street Analyst Weigh In

TRU has been the subject of several research reports. Oppenheimer raised their price objective on shares of TransUnion from $118.00 to $122.00 and gave the stock an “outperform” rating in a research report on Thursday. Morgan Stanley lifted their price target on TransUnion from $103.00 to $119.00 and gave the stock an “overweight” rating in a report on Thursday. Needham & Company LLC reaffirmed a “hold” rating on shares of TransUnion in a report on Thursday. Royal Bank of Canada reiterated an “outperform” rating and set a $121.00 price objective on shares of TransUnion in a research report on Thursday. Finally, Wells Fargo & Company boosted their target price on shares of TransUnion from $125.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, TransUnion currently has a consensus rating of “Moderate Buy” and an average price target of $104.53.

Get Our Latest Stock Report on TransUnion

Insider Buying and Selling

In other TransUnion news, CAO Jennifer A. Williams sold 405 shares of TransUnion stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $95.58, for a total value of $38,709.90. Following the transaction, the chief accounting officer now owns 7,186 shares in the company, valued at $686,837.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Steven M. Chaouki sold 1,000 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $90.14, for a total value of $90,140.00. Following the completion of the transaction, the insider now directly owns 69,547 shares in the company, valued at approximately $6,268,966.58. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jennifer A. Williams sold 405 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $95.58, for a total value of $38,709.90. Following the sale, the chief accounting officer now directly owns 7,186 shares in the company, valued at approximately $686,837.88. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,715 shares of company stock worth $1,299,729 in the last ninety days. 0.22% of the stock is owned by insiders.

TransUnion Company Profile

(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.

See Also