TransUnion (NYSE:TRU) Releases Q3 2022 Earnings Guidance

TransUnion (NYSE:TRUGet Rating) issued an update on its third quarter 2022 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.89-$0.95 for the period, compared to the consensus estimate of $1.02. The company issued revenue guidance of $935.00 million-$955.00 million, compared to the consensus revenue estimate of $985.32 million. TransUnion also updated its FY 2022 guidance to $3.70-$3.85 EPS.

TransUnion Trading Down 1.2 %

Shares of NYSE TRU traded down $0.99 during mid-day trading on Friday, reaching $78.52. 888,355 shares of the company’s stock were exchanged, compared to its average volume of 1,599,062. The firm has a market capitalization of $15.12 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 0.80 and a beta of 1.29. TransUnion has a 52-week low of $72.26 and a 52-week high of $125.35. The company’s 50-day moving average is $81.57 and its 200-day moving average is $90.12. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.63 and a current ratio of 1.63.

TransUnion (NYSE:TRUGet Rating) last released its quarterly earnings results on Tuesday, July 26th. The business services provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.09. The business had revenue of $948.30 million for the quarter, compared to the consensus estimate of $964.38 million. TransUnion had a net margin of 36.96% and a return on equity of 17.20%. During the same period in the previous year, the firm earned $0.87 EPS. The business’s revenue was up 30.2% on a year-over-year basis. Analysts expect that TransUnion will post 3.57 EPS for the current fiscal year.

TransUnion Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Friday, May 27th were issued a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend was Thursday, May 26th. TransUnion’s dividend payout ratio (DPR) is 5.76%.

Analyst Ratings Changes

Several brokerages have recently issued reports on TRU. StockNews.com cut shares of TransUnion from a hold rating to a sell rating in a research report on Wednesday, July 27th. The Goldman Sachs Group dropped their price target on shares of TransUnion from $98.00 to $85.00 and set a neutral rating for the company in a research note on Thursday, July 28th. Barclays reduced their price objective on TransUnion from $105.00 to $88.00 and set an overweight rating on the stock in a research note on Friday, June 17th. Bank of America downgraded TransUnion from a buy rating to a neutral rating and cut their price target for the stock from $119.00 to $86.00 in a report on Wednesday, July 27th. Finally, Credit Suisse Group decreased their price objective on TransUnion from $100.00 to $90.00 in a research note on Wednesday, April 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average price target of $100.25.

Insider Activity at TransUnion

In other TransUnion news, Director William Bosworth sold 405 shares of the stock in a transaction dated Monday, June 13th. The shares were sold at an average price of $78.72, for a total value of $31,881.60. Following the completion of the transaction, the director now directly owns 5,399 shares of the company’s stock, valued at $425,009.28. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, Director William Bosworth sold 405 shares of the stock in a transaction dated Monday, June 13th. The shares were sold at an average price of $78.72, for a total value of $31,881.60. Following the sale, the director now directly owns 5,399 shares of the company’s stock, valued at approximately $425,009.28. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Christopher A. Cartwright bought 25,000 shares of the business’s stock in a transaction on Thursday, August 4th. The shares were acquired at an average price of $79.42 per share, with a total value of $1,985,500.00. Following the transaction, the chief executive officer now owns 226,410 shares of the company’s stock, valued at approximately $17,981,482.20. The disclosure for this purchase can be found here. Company insiders own 0.22% of the company’s stock.

Institutional Trading of TransUnion

Several institutional investors and hedge funds have recently made changes to their positions in TRU. Raymond James Financial Services Advisors Inc. boosted its stake in TransUnion by 1.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 13,272 shares of the business services provider’s stock worth $1,372,000 after buying an additional 207 shares during the last quarter. KB Financial Partners LLC grew its holdings in TransUnion by 86.5% in the first quarter. KB Financial Partners LLC now owns 485 shares of the business services provider’s stock valued at $50,000 after purchasing an additional 225 shares during the period. Roundview Capital LLC increased its position in TransUnion by 1.3% during the first quarter. Roundview Capital LLC now owns 20,949 shares of the business services provider’s stock worth $2,165,000 after purchasing an additional 272 shares during the last quarter. Beacon Pointe Advisors LLC boosted its holdings in shares of TransUnion by 16.5% in the 1st quarter. Beacon Pointe Advisors LLC now owns 2,014 shares of the business services provider’s stock valued at $208,000 after purchasing an additional 285 shares during the last quarter. Finally, First Republic Investment Management Inc. grew its stake in shares of TransUnion by 3.3% during the 1st quarter. First Republic Investment Management Inc. now owns 10,570 shares of the business services provider’s stock valued at $1,092,000 after buying an additional 342 shares during the period. 97.36% of the stock is currently owned by hedge funds and other institutional investors.

TransUnion Company Profile

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TransUnion provides risk and information solutions. The company operates in three segments: U.S. Markets, International, and Consumer Interactive. The U.S. Markets segment provides consumer reports, actionable insights, and analytics to businesses. These businesses use 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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Earnings History and Estimates for TransUnion (NYSE:TRU)

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