Needham & Company LLC Forecasts TransUnion FY2024 Earnings

TransUnion (NYSE:TRU - Free Report) - Equities researchers at Needham & Company LLC issued their FY2024 EPS estimates for shares of TransUnion in a report issued on Sunday, November 24th. Needham & Company LLC analyst K. Peterson expects that the business services provider will earn $3.43 per share for the year. Needham & Company LLC has a "Hold" rating on the stock. The consensus estimate for TransUnion's current full-year earnings is $3.45 per share. Needham & Company LLC also issued estimates for TransUnion's Q4 2024 earnings at $0.82 EPS, Q1 2025 earnings at $0.97 EPS, Q2 2025 earnings at $1.03 EPS, Q3 2025 earnings at $1.07 EPS, Q4 2025 earnings at $1.00 EPS and FY2025 earnings at $4.08 EPS.

TRU has been the subject of a number of other reports. Robert W. Baird raised their price target on shares of TransUnion from $104.00 to $130.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Wolfe Research raised shares of TransUnion from a "peer perform" rating to an "outperform" rating and set a $130.00 target price for the company in a report on Thursday, October 10th. Morgan Stanley boosted their target price on shares of TransUnion from $103.00 to $119.00 and gave the company an "overweight" rating in a research report on Thursday, October 24th. Oppenheimer cut their price target on TransUnion from $122.00 to $115.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 20th. Finally, Stifel Nicolaus boosted their price objective on TransUnion from $103.00 to $120.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, TransUnion has an average rating of "Moderate Buy" and a consensus price target of $106.38.

TransUnion Stock Performance

Shares of NYSE:TRU traded up $0.27 during trading on Wednesday, hitting $101.00. The stock had a trading volume of 820,109 shares, compared to its average volume of 1,606,387. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.19. TransUnion has a 12-month low of $56.85 and a 12-month high of $113.17. The stock has a market capitalization of $19.68 billion, a price-to-earnings ratio of 87.59, a price-to-earnings-growth ratio of 1.42 and a beta of 1.62. The stock has a 50-day simple moving average of $103.71 and a two-hundred day simple moving average of $90.10.

TransUnion (NYSE:TRU - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The business services provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.03. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.06 billion. TransUnion had a return on equity of 15.38% and a net margin of 5.47%. The firm's quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the business posted $0.80 EPS.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System lifted its stake in TransUnion by 2.4% in the 1st quarter. California State Teachers Retirement System now owns 327,518 shares of the business services provider's stock worth $26,136,000 after purchasing an additional 7,636 shares in the last quarter. Victory Capital Management Inc. lifted its position in TransUnion by 24.1% during the second quarter. Victory Capital Management Inc. now owns 3,468,854 shares of the business services provider's stock worth $257,250,000 after buying an additional 674,187 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in TransUnion by 12.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,308,028 shares of the business services provider's stock worth $136,951,000 after buying an additional 140,952 shares during the last quarter. Blue Trust Inc. grew its holdings in TransUnion by 156.6% in the 2nd quarter. Blue Trust Inc. now owns 857 shares of the business services provider's stock valued at $68,000 after buying an additional 523 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in shares of TransUnion by 359.2% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 9,804 shares of the business services provider's stock worth $727,000 after acquiring an additional 7,669 shares during the last quarter.

Insider Activity at TransUnion

In other news, Director George M. Awad sold 12,000 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $100.00, for a total value of $1,200,000.00. Following the transaction, the director now owns 27,026 shares in the company, valued at $2,702,600. This trade represents a 30.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Timothy J. Martin sold 2,500 shares of TransUnion stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $95.65, for a total value of $239,125.00. Following the completion of the sale, the executive vice president now directly owns 49,239 shares in the company, valued at $4,709,710.35. This represents a 4.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,078 shares of company stock valued at $2,296,725. 0.28% of the stock is owned by company insiders.

TransUnion Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.105 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.42%. TransUnion's dividend payout ratio (DPR) is 36.52%.

About TransUnion

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.