TransUnion (NYSE:TRU – Free Report) – Equities research analysts at Atlantic Securities lowered their Q2 2023 earnings per share estimates for shares of TransUnion in a report released on Tuesday, July 11th. Atlantic Securities analyst S. Clinch now forecasts that the business services provider will earn $0.73 per share for the quarter, down from their previous estimate of $0.76. The consensus estimate for TransUnion’s current full-year earnings is $3.22 per share. Atlantic Securities also issued estimates for TransUnion’s Q3 2023 earnings at $0.84 EPS, Q4 2023 earnings at $0.92 EPS, FY2023 earnings at $3.21 EPS, Q1 2024 earnings at $0.83 EPS, Q2 2024 earnings at $0.91 EPS, Q3 2024 earnings at $1.05 EPS, Q4 2024 earnings at $1.14 EPS, FY2024 earnings at $3.94 EPS, FY2025 earnings at $4.98 EPS, FY2026 earnings at $5.99 EPS and FY2027 earnings at $7.04 EPS.
TransUnion (NYSE:TRU – Get Free Report) last announced its quarterly earnings results on Tuesday, April 25th. The business services provider reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. TransUnion had a net margin of 7.34% and a return on equity of 14.47%. The firm had revenue of $940.30 million for the quarter, compared to the consensus estimate of $913.69 million.
TransUnion Price Performance
NYSE:TRU opened at $79.42 on Friday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 1.26. TransUnion has a 52 week low of $50.32 and a 52 week high of $90.08. The stock’s 50-day moving average price is $73.68 and its 200-day moving average price is $67.84. The stock has a market capitalization of $15.34 billion, a PE ratio of 56.33, a price-to-earnings-growth ratio of 0.74 and a beta of 1.37.
TransUnion Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, June 2nd. Shareholders of record on Friday, May 19th were paid a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Thursday, May 18th. TransUnion’s dividend payout ratio (DPR) is presently 29.79%.
Insider Buying and Selling at TransUnion
In other TransUnion news, EVP Abhi Dhar sold 3,500 shares of the company’s stock in a transaction on Thursday, June 29th. The stock was sold at an average price of $80.00, for a total transaction of $280,000.00. Following the transaction, the executive vice president now directly owns 69,702 shares in the company, valued at $5,576,160. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Todd C. Skinner sold 18,470 shares of the company’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $74.49, for a total transaction of $1,375,830.30. Following the sale, the insider now owns 18,561 shares of the company’s stock, valued at $1,382,608.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Abhi Dhar sold 3,500 shares of the business’s stock in a transaction on Thursday, June 29th. The stock was sold at an average price of $80.00, for a total value of $280,000.00. Following the transaction, the executive vice president now directly owns 69,702 shares of the company’s stock, valued at $5,576,160. The disclosure for this sale can be found here. Insiders sold a total of 35,376 shares of company stock worth $2,620,960 over the last three months. Insiders own 0.22% of the company’s stock.
Hedge Funds Weigh In On TransUnion
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. lifted its holdings in TransUnion by 1.6% during 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. American Century Companies Inc. lifted its stake in TransUnion by 52.4% during the first quarter. American Century Companies Inc. now owns 8,374 shares of the business services provider’s stock worth $865,000 after purchasing an additional 2,880 shares during the last quarter. Roundview Capital LLC boosted its holdings in TransUnion by 1.3% in the first quarter. Roundview Capital LLC now owns 20,949 shares of the business services provider’s stock valued at $2,165,000 after purchasing an additional 272 shares in the last quarter. HighTower Advisors LLC increased its stake in TransUnion by 50.9% in the first quarter. HighTower Advisors LLC now owns 6,551 shares of the business services provider’s stock valued at $673,000 after purchasing an additional 2,211 shares during the last quarter. Finally, MetLife Investment Management LLC acquired a new stake in TransUnion during the first quarter worth approximately $1,000,000. Hedge funds and other institutional investors own 96.12% of the company’s stock.
TransUnion Company Profile
TransUnion operates as a global consumer credit reporting agency that 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 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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