Needham & Company LLC Estimates TransUnion FY2024 Earnings

TransUnion (NYSE:TRU) – Analysts at Needham & Company LLC issued their FY2024 earnings per share (EPS) estimates for shares of TransUnion in a research note issued to investors 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.

Other research analysts have also issued research reports about the company. Morgan Stanley lifted their price target on TransUnion from $103.00 to $119.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. UBS Group began coverage on TransUnion in a research report on Tuesday, October 1st. They set a “neutral” rating and a $110.00 target price on the stock. Wolfe Research raised shares of TransUnion from a “peer perform” rating to an “outperform” rating and set a $130.00 price target for the company in a research note on Thursday, October 10th. The Goldman Sachs Group increased their price objective on shares of TransUnion from $97.00 to $109.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. Finally, Robert W. Baird boosted their target price on TransUnion from $104.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $106.38.

TransUnion Stock Performance

Shares of NYSE:TRU opened at $101.00 on Wednesday. The firm has a fifty day simple moving average of $103.71 and a two-hundred day simple moving average of $90.10. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $19.68 billion, a P/E ratio of 87.59, a PEG ratio of 1.42 and a beta of 1.62. TransUnion has a 52 week low of $56.85 and a 52 week high of $113.17.

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

Institutional Investors Weigh In On TransUnion

Several hedge funds have recently bought and sold shares of the stock. Huntington National Bank grew its holdings in TransUnion by 84.5% in the third quarter. Huntington National Bank now owns 286 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 131 shares during the period. Quarry LP increased its stake in shares of TransUnion by 963.0% during the second quarter. Quarry LP now owns 574 shares of the business services provider’s stock worth $43,000 after purchasing an additional 520 shares in the last quarter. True Wealth Design LLC raised its position in shares of TransUnion by 4,590.0% during the 3rd quarter. True Wealth Design LLC now owns 469 shares of the business services provider’s stock worth $49,000 after purchasing an additional 459 shares during the last quarter. National Bank of Canada FI lifted its stake in TransUnion by 22.3% in the 2nd quarter. National Bank of Canada FI now owns 910 shares of the business services provider’s stock valued at $66,000 after buying an additional 166 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in TransUnion by 156.6% during the 2nd quarter. Blue Trust Inc. now owns 857 shares of the business services provider’s stock worth $68,000 after buying an additional 523 shares in the last quarter.

Insider Transactions at TransUnion

In other TransUnion news, EVP Timothy J. Martin sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $95.65, for a total transaction of $239,125.00. Following the transaction, the executive vice president now owns 49,239 shares in the company, valued at approximately $4,709,710.35. This represents a 4.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director George M. Awad sold 12,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $100.00, for a total transaction of $1,200,000.00. Following the sale, the director now directly 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 disclosure for this sale can be found here. In the last three months, insiders sold 19,500 shares of company stock valued at $1,954,740. Corporate insiders own 0.28% of the company’s stock.

TransUnion Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Friday, November 22nd will be issued a $0.105 dividend. The ex-dividend date 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 is presently 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.