Zacks: Brokerages Expect TransUnion (TRU) to Announce $0.39 Earnings Per Share
Analysts expect that TransUnion (NYSE:TRU) will announce $0.39 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for TransUnion’s earnings, with estimates ranging from $0.38 to $0.41. TransUnion posted earnings per share of $0.33 in the same quarter last year, which would suggest a positive year-over-year growth rate of 18.2%. The business is expected to report its next earnings results on Tuesday, July 25th.
According to Zacks, analysts expect that TransUnion will report full year earnings of $1.64 per share for the current fiscal year, with EPS estimates ranging from $1.61 to $1.66. For the next year, analysts forecast that the company will post earnings of $1.82 per share, with EPS estimates ranging from $1.69 to $1.87. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow TransUnion.
TransUnion (NYSE:TRU) last announced its quarterly earnings data on Tuesday, April 25th. The business services provider reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.06. TransUnion had a net margin of 9.71% and a return on equity of 19.14%. The business had revenue of $445 million for the quarter, compared to analyst estimates of $444.53 million. During the same period last year, the business earned $0.32 EPS. The company’s revenue was up 9.6% on a year-over-year basis.
A number of analysts have weighed in on the stock. Barclays PLC reissued an “overweight” rating and set a $48.00 target price (up from $45.00) on shares of TransUnion in a report on Friday. Zacks Investment Research cut shares of TransUnion from a “buy” rating to a “hold” rating in a report on Monday, May 1st. Deutsche Bank AG reissued a “buy” rating and set a $47.00 target price (up from $45.00) on shares of TransUnion in a report on Saturday, April 29th. Royal Bank Of Canada reissued a “buy” rating and set a $45.00 target price on shares of TransUnion in a report on Wednesday, April 26th. Finally, Cowen and Company increased their target price on shares of TransUnion from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, April 26th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $44.00.
In other TransUnion news, major shareholder International Corp/Ma Advent sold 11,027,445 shares of the stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $39.15, for a total transaction of $431,724,471.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Christopher Egan sold 16,674 shares of the stock in a transaction on Wednesday, March 22nd. The stock was sold at an average price of $36.57, for a total transaction of $609,768.18. The disclosure for this sale can be found here. Insiders have sold 12,346,649 shares of company stock worth $480,778,767 over the last three months. 2.10% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in TRU. Teachers Retirement System of The State of Kentucky boosted its stake in TransUnion by 1.6% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 162,091 shares of the business services provider’s stock worth $6,216,000 after buying an additional 2,504 shares during the period. Point72 Asset Management L.P. boosted its stake in TransUnion by 988.7% in the first quarter. Point72 Asset Management L.P. now owns 1,663,585 shares of the business services provider’s stock worth $63,798,000 after buying an additional 1,510,785 shares during the period. FNY Partners Fund LP purchased a new stake in TransUnion during the first quarter worth $268,000. Blue Sky Asset Management LLC purchased a new stake in TransUnion during the first quarter worth $831,000. Finally, Credit Suisse AG boosted its stake in TransUnion by 133.0% in the first quarter. Credit Suisse AG now owns 357,819 shares of the business services provider’s stock worth $13,722,000 after buying an additional 204,278 shares during the period.
Shares of TransUnion (NYSE TRU) traded up 0.05% during midday trading on Thursday, reaching $44.32. 95,799 shares of the company traded hands. TransUnion has a 12 month low of $28.92 and a 12 month high of $44.41. The firm has a market capitalization of $8.09 billion, a P/E ratio of 48.54 and a beta of 0.59. The company has a 50 day moving average of $42.24 and a 200 day moving average of $36.82.
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TransUnion Company Profile
TransUnion is a risk and information solutions provider to businesses and consumers. The Company provides consumer reports, risk scores, analytical services and decision capabilities to businesses. The Company operates through three segments: U.S. Information Services (USIS), International and Consumer Interactive.
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