TransUnion (NYSE:TRU) Updates Q2 2022 Earnings Guidance

TransUnion (NYSE:TRU – Get Rating) issued an update on its second quarter 2022 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.960-$0.990 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.990. The company issued revenue guidance of $958 million-$968 million, compared to the consensus revenue estimate of $947.80 million.TransUnion also updated its FY 2022 guidance to $3.840-$3.980 EPS.

NYSE:TRU opened at $92.78 on Tuesday. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.94 and a quick ratio of 1.94. TransUnion has a fifty-two week low of $83.47 and a fifty-two week high of $125.35. The stock’s 50-day moving average is $96.78 and its two-hundred day moving average is $106.38. The stock has a market cap of $17.85 billion, a PE ratio of 12.92, a price-to-earnings-growth ratio of 1.06 and a beta of 1.37.

TransUnion (NYSE:TRU – Get Rating) last released its earnings results on Tuesday, February 22nd. The business services provider reported $0.73 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.10). TransUnion had a net margin of 44.73% and a return on equity of 20.58%. The business had revenue of $789.80 million for the quarter, compared to analysts’ expectations of $816.79 million. During the same period last year, the firm earned $0.72 EPS. The company’s revenue was up 20.9% compared to the same quarter last year. On average, equities research analysts anticipate that TransUnion will post 3.66 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 25th. Investors of record on Thursday, March 10th were paid a $0.095 dividend. The ex-dividend date of this dividend was Wednesday, March 9th. This represents a $0.38 annualized dividend and a dividend yield of 0.41%. TransUnion’s payout ratio is 5.29%.

Several brokerages recently commented on TRU. Morgan Stanley boosted their price target on TransUnion from $102.00 to $105.00 and gave the company an equal weight rating in a research note on Wednesday, March 16th. StockNews.com began coverage on TransUnion in a research note on Thursday, March 31st. They issued a hold rating for the company. Cowen lowered their price target on TransUnion from $126.00 to $115.00 in a research note on Wednesday, February 23rd. Credit Suisse Group lowered their price target on TransUnion from $105.00 to $100.00 and set a neutral rating for the company in a research note on Wednesday, March 16th. Finally, Bank of America initiated coverage on TransUnion in a research note on Friday, March 11th. They issued a buy rating for the company. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, TransUnion has an average rating of Buy and an average price target of $115.69.

In other TransUnion news, EVP Richard Dane Mauldin sold 3,500 shares of the company’s stock in a transaction on Friday, February 25th. The stock was sold at an average price of $87.99, for a total value of $307,965.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Heather J. Russell sold 2,867 shares of the stock in a transaction on Tuesday, March 1st. The stock was sold at an average price of $90.76, for a total value of $260,208.92. The disclosure for this sale can be found here. Insiders sold 6,515 shares of company stock worth $583,714 over the last quarter. Company insiders own 0.22% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. KB Financial Partners LLC acquired a new position in TransUnion in the fourth quarter valued at about $31,000. NEXT Financial Group Inc raised its position in shares of TransUnion by 40.7% during the fourth quarter. NEXT Financial Group Inc now owns 698 shares of the business services provider’s stock worth $83,000 after purchasing an additional 202 shares during the period. Penserra Capital Management LLC raised its position in shares of TransUnion by 23.6% during the fourth quarter. Penserra Capital Management LLC now owns 849 shares of the business services provider’s stock worth $100,000 after purchasing an additional 162 shares during the period. Virtu Financial LLC acquired a new stake in shares of TransUnion during the fourth quarter worth about $300,000. Finally, Glenmede Trust Co. NA raised its position in shares of TransUnion by 29.7% during the fourth quarter. Glenmede Trust Co. NA now owns 2,684 shares of the business services provider’s stock worth $317,000 after purchasing an additional 615 shares during the period. Institutional investors and hedge funds own 97.07% of the company’s stock.

TransUnion Company Profile (Get Rating)

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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