Q4 2017 Earnings Forecast for TransUnion Issued By William Blair (TRU)
TransUnion (NYSE:TRU) – Investment analysts at William Blair lifted their Q4 2017 earnings per share estimates for TransUnion in a report released on Tuesday. William Blair analyst T. Mchugh now anticipates that the business services provider will earn $0.44 per share for the quarter, up from their prior estimate of $0.43. William Blair also issued estimates for TransUnion’s Q1 2018 earnings at $0.43 EPS, Q2 2018 earnings at $0.48 EPS, Q3 2018 earnings at $0.48 EPS and Q4 2018 earnings at $0.49 EPS.
TransUnion (NYSE:TRU) last released its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.03. The firm had revenue of $474.80 million for the quarter, compared to analysts’ expectations of $464.77 million. TransUnion had a net margin of 12.08% and a return on equity of 20.32%. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.37 earnings per share. ILLEGAL ACTIVITY NOTICE: This piece was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/10/12/q4-2017-earnings-forecast-for-transunion-issued-by-william-blair-tru.html.
Several other research analysts also recently weighed in on the company. Zacks Investment Research raised TransUnion from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research note on Thursday, September 7th. Cowen and Company reaffirmed a “buy” rating and set a $48.00 target price on shares of TransUnion in a research note on Thursday, September 7th. TheStreet raised TransUnion from a “c” rating to a “b-” rating in a research note on Monday, June 26th. SunTrust Banks, Inc. assumed coverage on TransUnion in a research note on Tuesday, September 5th. They issued a “buy” rating and a $54.00 price objective for the company. Finally, Deutsche Bank AG reissued a “buy” rating on shares of TransUnion in a research note on Friday, September 8th. 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’s stock. The company currently has an average rating of “Buy” and a consensus price target of $48.33.
TransUnion (TRU) traded up 0.151% during midday trading on Thursday, hitting $49.775. 57,550 shares of the stock traded hands. The company’s 50 day moving average price is $46.46 and its 200 day moving average price is $46.46. TransUnion has a 12 month low of $28.92 and a 12 month high of $50.15. The firm has a market cap of $9.05 billion, a PE ratio of 42.836 and a beta of 0.58.
In other TransUnion news, CAO Timothy Elberfeld sold 902 shares of the firm’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $45.43, for a total value of $40,977.86. Following the completion of the sale, the chief accounting officer now directly owns 15,423 shares of the company’s stock, valued at approximately $700,666.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James M. Peck sold 75,658 shares of the firm’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $45.46, for a total value of $3,439,412.68. Following the completion of the sale, the insider now directly owns 276,284 shares of the company’s stock, valued at $12,559,870.64. The disclosure for this sale can be found here. Insiders sold a total of 14,108,242 shares of company stock valued at $643,363,096 over the last ninety days. Corporate insiders own 2.10% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. State of Wisconsin Investment Board increased its stake in shares of TransUnion by 141.8% in the 2nd quarter. State of Wisconsin Investment Board now owns 25,408 shares of the business services provider’s stock worth $1,100,000 after acquiring an additional 14,900 shares during the last quarter. Morgan Stanley increased its stake in shares of TransUnion by 1,433.7% in the 1st quarter. Morgan Stanley now owns 769,615 shares of the business services provider’s stock worth $29,514,000 after acquiring an additional 719,436 shares during the last quarter. Eagle Asset Management Inc. acquired a new stake in shares of TransUnion in the 2nd quarter worth $41,015,000. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of TransUnion by 1,297.5% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 164,900 shares of the business services provider’s stock worth $7,142,000 after acquiring an additional 153,100 shares during the last quarter. Finally, Caldera Capital LLC increased its stake in shares of TransUnion by 78.1% in the 1st quarter. Caldera Capital LLC now owns 283,399 shares of the business services provider’s stock worth $10,868,000 after acquiring an additional 124,291 shares during the last quarter.
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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