Zacks: Analysts Anticipate TransUnion (NYSE:TRU) to Post $0.68 Earnings Per Share

Wall Street brokerages expect that TransUnion (NYSE:TRU) will announce earnings of $0.68 per share for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for TransUnion’s earnings. The highest EPS estimate is $0.72 and the lowest is $0.60. TransUnion posted earnings of $0.69 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 1.4%. The business is expected to announce its next earnings report on Tuesday, July 28th.

On average, analysts expect that TransUnion will report full year earnings of $2.54 per share for the current financial year, with EPS estimates ranging from $2.36 to $2.71. For the next year, analysts forecast that the business will report earnings of $3.08 per share, with EPS estimates ranging from $2.80 to $3.57. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover TransUnion.

TransUnion (NYSE:TRU) last posted its quarterly earnings results on Tuesday, April 28th. The business services provider reported $0.73 EPS for the quarter, topping the consensus estimate of $0.69 by $0.04. The business had revenue of $688.00 million for the quarter, compared to analyst estimates of $665.25 million. TransUnion had a return on equity of 24.01% and a net margin of 12.71%. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 EPS.

TRU has been the subject of a number of recent analyst reports. Zacks Investment Research raised TransUnion from a “hold” rating to a “strong-buy” rating and set a $89.00 price objective for the company in a research report on Tuesday. Robert W. Baird downgraded TransUnion from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $109.00 to $76.00 in a research report on Friday, March 13th. Deutsche Bank raised their price objective on TransUnion from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. Royal Bank of Canada cut their price objective on TransUnion from $110.00 to $90.00 and set an “outperform” rating for the company in a research report on Thursday, April 9th. Finally, Morgan Stanley raised their price objective on TransUnion from $92.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 24th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. TransUnion presently has a consensus rating of “Buy” and an average price target of $92.40.

Shares of NYSE:TRU traded up $2.11 during midday trading on Tuesday, reaching $86.32. 33,023 shares of the company’s stock were exchanged, compared to its average volume of 1,092,496. The firm’s 50 day simple moving average is $84.87 and its two-hundred day simple moving average is $83.32. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.66 and a quick ratio of 1.66. The stock has a market cap of $15.69 billion, a price-to-earnings ratio of 47.72, a P/E/G ratio of 2.86 and a beta of 1.19. TransUnion has a fifty-two week low of $52.50 and a fifty-two week high of $101.16.

The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Thursday, May 28th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend was Wednesday, May 27th. TransUnion’s dividend payout ratio is currently 11.76%.

In other news, insider David M. Neenan sold 20,000 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $92.67, for a total transaction of $1,853,400.00. Following the completion of the transaction, the insider now directly owns 180,530 shares of the company’s stock, valued at $16,729,715.10. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Christopher A. Cartwright sold 196,894 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $79.28, for a total value of $15,609,756.32. Following the transaction, the chief executive officer now directly owns 360,162 shares of the company’s stock, valued at $28,553,643.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 231,208 shares of company stock valued at $18,563,146. 0.38% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. State Street Corp lifted its stake in TransUnion by 1.5% during the first quarter. State Street Corp now owns 3,918,548 shares of the business services provider’s stock worth $259,330,000 after purchasing an additional 56,784 shares during the last quarter. Royal Bank of Canada lifted its stake in TransUnion by 23.6% during the first quarter. Royal Bank of Canada now owns 13,671 shares of the business services provider’s stock worth $905,000 after purchasing an additional 2,611 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its stake in TransUnion by 38.5% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 48,500 shares of the business services provider’s stock worth $3,210,000 after purchasing an additional 13,484 shares during the last quarter. Morgan Stanley lifted its stake in TransUnion by 8.1% during the first quarter. Morgan Stanley now owns 283,541 shares of the business services provider’s stock worth $18,765,000 after purchasing an additional 21,219 shares during the last quarter. Finally, 1832 Asset Management L.P. lifted its stake in TransUnion by 96.4% during the first quarter. 1832 Asset Management L.P. now owns 92,889 shares of the business services provider’s stock worth $6,377,000 after purchasing an additional 45,589 shares during the last quarter. 97.58% of the stock is owned by institutional investors and hedge funds.

About TransUnion

TransUnion provides risk and information solutions. The company operates in three segments: U.S. Information Services (USIS), International, and Consumer Interactive. The USIS segment provides consumer reports, risk scores, and analytical and decisioning services for 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 investigate potential fraud.

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