$0.46 Earnings Per Share Expected for TransUnion (TRU) This Quarter
Analysts expect TransUnion (NYSE:TRU) to post earnings of $0.46 per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for TransUnion’s earnings. The highest EPS estimate is $0.48 and the lowest is $0.45. TransUnion posted earnings of $0.38 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 21.1%. The firm is expected to announce its next quarterly earnings report before the market opens on Friday, October 27th.
On average, analysts expect that TransUnion will report full-year earnings of $1.83 per share for the current financial year, with EPS estimates ranging from $1.80 to $1.86. For the next fiscal year, analysts forecast that the business will post earnings of $2.06 per share, with EPS estimates ranging from $2.00 to $2.20. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for TransUnion.
TransUnion (NYSE:TRU) last announced its quarterly earnings results on Tuesday, July 25th. The business services provider reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.03. TransUnion had a net margin of 12.08% and a return on equity of 20.32%. The business had revenue of $474.80 million during the quarter, compared to analysts’ expectations of $464.77 million. During the same period last year, the business earned $0.37 earnings per share. The business’s revenue for the quarter was up 11.5% on a year-over-year basis.
TRU has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of TransUnion from a “buy” rating to a “hold” rating in a report on Monday, August 28th. Morgan Stanley restated an “overweight” rating and issued a $47.00 target price (up from $45.00) on shares of TransUnion in a report on Tuesday, July 18th. Deutsche Bank AG restated a “buy” rating on shares of TransUnion in a report on Friday. Cowen and Company reaffirmed a “buy” rating and set a $48.00 price objective on shares of TransUnion in a research note on Friday, July 28th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $48.00 price objective (up previously from $45.00) on shares of TransUnion in a research note on Friday, June 16th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $47.89.
Shares of TransUnion (TRU) opened at 47.50 on Friday. TransUnion has a 12 month low of $28.92 and a 12 month high of $49.46. The firm’s 50 day moving average is $46.57 and its 200-day moving average is $42.20. The firm has a market capitalization of $8.64 billion, a PE ratio of 40.88 and a beta of 0.60.
In other news, major shareholder Goldman Sachs Group Inc sold 13,734,177 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $45.60, for a total transaction of $626,278,471.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider James M. Peck sold 39,229 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $47.83, for a total transaction of $1,876,323.07. Following the transaction, the insider now directly owns 202,343 shares of the company’s stock, valued at approximately $9,678,065.69. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,086,719 shares of company stock valued at $642,437,522. Corporate insiders own 2.10% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Public Employees Retirement Association of Colorado increased its position in TransUnion by 138.6% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 4,009 shares of the business services provider’s stock worth $174,000 after purchasing an additional 2,329 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in TransUnion by 37.2% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,086 shares of the business services provider’s stock worth $157,000 after purchasing an additional 1,108 shares in the last quarter. SG Americas Securities LLC acquired a new stake in TransUnion during the 2nd quarter worth approximately $212,000. Alpine Global Management LLC acquired a new stake in TransUnion during the 2nd quarter worth approximately $217,000. Finally, Wolverine Trading LLC acquired a new stake in TransUnion during the 2nd quarter worth approximately $232,000.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for TransUnion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransUnion and related companies with MarketBeat.com's FREE daily email newsletter.