William Blair Analysts Boost Earnings Estimates for TransUnion (TRU)
TransUnion (NYSE:TRU) – Investment analysts at William Blair upped their Q3 2017 EPS estimates for TransUnion in a research report issued to clients and investors on Tuesday. William Blair analyst T. Mchugh now anticipates that the business services provider will earn $0.43 per share for the quarter, up from their previous estimate of $0.42. William Blair also issued estimates for TransUnion’s FY2017 earnings at $1.68 EPS and FY2018 earnings at $1.90 EPS.
Several other research firms also recently commented on TRU. Cowen and Company reaffirmed a “buy” rating and set a $48.00 price objective on shares of TransUnion in a report on Thursday, September 7th. Deutsche Bank AG reaffirmed a “buy” rating on shares of TransUnion in a report on Friday, September 8th. Zacks Investment Research raised shares of TransUnion from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a report on Thursday, September 7th. SunTrust Banks, Inc. assumed coverage on shares of TransUnion in a report on Tuesday, September 5th. They set a “buy” rating and a $54.00 price objective on the stock. Finally, BidaskClub raised shares of TransUnion from a “buy” rating to a “strong-buy” rating in a report on Monday, August 14th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $47.44.
TransUnion (NYSE:TRU) opened at 49.86 on Wednesday. The firm has a 50-day moving average of $46.31 and a 200 day moving average of $46.31. The company has a market capitalization of $9.07 billion, a price-to-earnings ratio of 42.91 and a beta of 0.58. TransUnion has a 12-month low of $28.92 and a 12-month high of $50.15.
TransUnion (NYSE:TRU) last released its earnings results on Tuesday, July 25th. The business services provider reported $0.47 EPS for the quarter, beating the consensus estimate of $0.44 by $0.03. TransUnion had a net margin of 12.08% and a return on equity of 20.32%. The firm had revenue of $474.80 million for the quarter, compared to analyst estimates of $464.77 million. During the same period last year, the firm earned $0.37 EPS. The business’s quarterly revenue was up 11.5% compared to the same quarter last year.
Institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement Association of Colorado increased its position in shares of TransUnion by 138.6% during the second quarter. Public Employees Retirement Association of Colorado now owns 4,009 shares of the business services provider’s stock valued at $174,000 after buying an additional 2,329 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of TransUnion by 17.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,780 shares of the business services provider’s stock valued at $207,000 after buying an additional 694 shares during the period. SG Americas Securities LLC bought a new stake in shares of TransUnion during the second quarter valued at about $212,000. Alpine Global Management LLC bought a new stake in shares of TransUnion during the second quarter valued at about $217,000. Finally, Wolverine Trading LLC bought a new stake in shares of TransUnion during the second quarter valued at about $232,000.
In other news, CAO Timothy Elberfeld sold 902 shares of the company’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $45.43, for a total transaction of $40,977.86. Following the sale, the chief accounting officer now directly owns 15,423 shares in the company, valued at $700,666.89. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Christopher Egan sold 201,753 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 value of $9,199,936.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,108,242 shares of company stock worth $643,363,096. Company insiders own 2.10% of the company’s stock.
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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