TransUnion (TRU) Expected to Announce Quarterly Sales of $623.39 Million

Equities research analysts expect that TransUnion (NYSE:TRU) will announce sales of $623.39 million for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for TransUnion’s earnings, with estimates ranging from $621.23 million to $627.60 million. TransUnion reported sales of $506.10 million during the same quarter last year, which indicates a positive year-over-year growth rate of 23.2%. The firm is expected to issue its next quarterly earnings results on Tuesday, February 12th.

On average, analysts expect that TransUnion will report full year sales of $2.34 billion for the current fiscal year, with estimates ranging from $2.33 billion to $2.35 billion. For the next fiscal year, analysts expect that the business will post sales of $2.67 billion, with estimates ranging from $2.62 billion to $2.71 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for TransUnion.

TransUnion (NYSE:TRU) last issued its quarterly earnings results on Tuesday, October 23rd. The business services provider reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.02. TransUnion had a net margin of 18.98% and a return on equity of 21.22%. The company had revenue of $603.60 million during the quarter, compared to the consensus estimate of $617.92 million. During the same period in the prior year, the company earned $0.49 EPS. TransUnion’s revenue was up 21.2% on a year-over-year basis.

A number of equities research analysts have weighed in on the stock. Morgan Stanley reissued a “hold” rating and issued a $75.00 price target (up from $71.00) on shares of TransUnion in a report on Thursday, September 13th. Robert W. Baird upped their price target on shares of TransUnion from $80.00 to $81.00 and gave the company an “outperform” rating in a report on Wednesday, July 25th. Bank of America upped their price target on shares of TransUnion from $76.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, July 25th. Wells Fargo & Co upped their price target on shares of TransUnion from $65.00 to $75.00 and gave the company a “market perform” rating in a report on Wednesday, July 25th. Finally, Stifel Nicolaus upped their price target on shares of TransUnion from $74.00 to $81.00 and gave the company a “buy” rating in a report on Wednesday, July 25th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $78.54.

NYSE TRU traded down $1.10 on Friday, reaching $61.34. The company’s stock had a trading volume of 129,229 shares, compared to its average volume of 2,044,578. TransUnion has a twelve month low of $53.11 and a twelve month high of $79.48. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 2.07. The company has a market capitalization of $11.57 billion, a price-to-earnings ratio of 35.87, a PEG ratio of 3.46 and a beta of 0.86.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 6th. Shareholders of record on Wednesday, November 21st will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date is Tuesday, November 20th. TransUnion’s dividend payout ratio is presently 17.54%.

In other TransUnion news, insider James M. Peck sold 141,428 shares of the company’s stock in a transaction dated Friday, October 26th. The shares were sold at an average price of $62.04, for a total transaction of $8,774,193.12. Following the completion of the sale, the insider now directly owns 381,627 shares of the company’s stock, valued at $23,676,139.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Timothy Elberfeld sold 1,592 shares of the company’s stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $66.14, for a total transaction of $105,294.88. Following the sale, the chief accounting officer now directly owns 12,566 shares of the company’s stock, valued at $831,115.24. The disclosure for this sale can be found here. 1.18% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Nordea Investment Management AB increased its holdings in shares of TransUnion by 1,048.5% in the 3rd quarter. Nordea Investment Management AB now owns 67,667 shares of the business services provider’s stock valued at $4,979,000 after purchasing an additional 61,775 shares during the period. Teachers Advisors LLC increased its holdings in shares of TransUnion by 8.2% in the 3rd quarter. Teachers Advisors LLC now owns 379,011 shares of the business services provider’s stock valued at $27,888,000 after purchasing an additional 28,689 shares during the period. Neuberger Berman Group LLC increased its holdings in shares of TransUnion by 0.6% in the 3rd quarter. Neuberger Berman Group LLC now owns 2,040,769 shares of the business services provider’s stock valued at $150,160,000 after purchasing an additional 11,989 shares during the period. Mackenzie Financial Corp acquired a new position in shares of TransUnion in the 3rd quarter valued at about $295,000. Finally, Thrivent Financial for Lutherans increased its holdings in shares of TransUnion by 4.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 160,127 shares of the business services provider’s stock valued at $11,782,000 after purchasing an additional 6,477 shares during the period. Institutional investors own 99.17% of the company’s stock.

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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