TransUnion (NYSE:TRU – Get Free Report) issued its quarterly earnings results on Thursday. The business services provider reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.13, Briefing.com reports. TransUnion had a negative net margin of 6.11% and a positive return on equity of 15.13%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the company posted $0.76 EPS. TransUnion’s quarterly revenue was up 7.5% compared to the same quarter last year.
TransUnion Trading Up 3.2 %
TRU stock traded up $2.65 during mid-day trading on Friday, hitting $86.46. 2,781,152 shares of the company were exchanged, compared to its average volume of 1,487,285. TransUnion has a 12-month low of $42.09 and a 12-month high of $87.36. The firm has a market capitalization of $16.79 billion, a P/E ratio of -60.46, a PEG ratio of 1.69 and a beta of 1.61. The business has a fifty day simple moving average of $75.62 and a 200-day simple moving average of $74.87. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.26.
TransUnion Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were issued a $0.105 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.42 annualized dividend and a yield of 0.49%. TransUnion’s dividend payout ratio (DPR) is currently -29.37%.
Insider Activity
Analyst Ratings Changes
A number of analysts have recently issued reports on TRU shares. Robert W. Baird lifted their price target on TransUnion from $94.00 to $104.00 and gave the stock an “outperform” rating in a research note on Friday. Morgan Stanley increased their target price on shares of TransUnion from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Bank of America upgraded shares of TransUnion from a “neutral” rating to a “buy” rating and set a $92.00 price target on the stock in a research report on Thursday, June 20th. Oppenheimer increased their price objective on shares of TransUnion from $90.00 to $97.00 and gave the company an “outperform” rating in a report on Friday. Finally, Needham & Company LLC raised their target price on shares of TransUnion from $89.00 to $92.00 and gave the stock a “buy” rating in a research note on Friday. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $86.80.
Read Our Latest Research Report on TRU
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.
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