TransUnion (TRU) Expected to Announce Quarterly Sales of $463.45 Million
Brokerages expect TransUnion (NYSE:TRU) to post $463.45 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for TransUnion’s earnings. The highest sales estimate is $465.45 million and the lowest is $461.20 million. TransUnion reported sales of $425.70 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 8.9%. The business is expected to report its next quarterly earnings report on Tuesday, July 25th.
On average, analysts expect that TransUnion will report full year sales of $463.45 million for the current year. For the next financial year, analysts anticipate that the company will post sales of $2.00 billion per share, with estimates ranging from $1.99 billion to $2.01 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover TransUnion.
TransUnion (NYSE:TRU) last announced its quarterly earnings results on Tuesday, April 25th. The business services provider reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.06. The business had revenue of $445 million during the quarter, compared to analysts’ expectations of $444.53 million. TransUnion had a net margin of 9.71% and a return on equity of 19.14%. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.32 EPS.
A number of brokerages have recently issued reports on TRU. Barclays PLC reissued an “overweight” rating and set a $48.00 target price (up from $45.00) on shares of TransUnion in a research note on Friday. Zacks Investment Research lowered shares of TransUnion from a “buy” rating to a “hold” rating in a research note on Monday, May 1st. Deutsche Bank AG reissued a “buy” rating and set a $47.00 target price (up from $45.00) on shares of TransUnion in a research note on Saturday, April 29th. Royal Bank Of Canada reissued a “buy” rating and set a $45.00 target price on shares of TransUnion in a research note on Wednesday, April 26th. Finally, Cowen and Company boosted their target price on shares of TransUnion from $42.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, April 26th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $44.00.
Shares of TransUnion (NYSE:TRU) opened at 43.80 on Friday. The stock has a market capitalization of $8.00 billion, a PE ratio of 47.97 and a beta of 0.59. The stock has a 50 day moving average of $42.11 and a 200 day moving average of $36.61. TransUnion has a 52-week low of $28.92 and a 52-week high of $44.30.
In other TransUnion news, insider James M. Peck sold 65,000 shares of the stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $39.15, for a total transaction of $2,544,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder International Corp/Ma Advent sold 11,027,445 shares of the stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $39.15, for a total transaction of $431,724,471.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,346,649 shares of company stock valued at $480,778,767. 2.10% of the stock is owned by insiders.
Several hedge funds have recently added to or reduced their stakes in TRU. Seven Eight Capital LP purchased a new stake in TransUnion during the fourth quarter valued at approximately $114,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in TransUnion by 37.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,086 shares of the business services provider’s stock valued at $157,000 after buying an additional 1,108 shares during the period. Envestnet Asset Management Inc. increased its position in TransUnion by 10.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,220 shares of the business services provider’s stock valued at $193,000 after buying an additional 609 shares during the period. Logan Capital Management Inc. bought a new position in TransUnion during the first quarter valued at about $266,000. Finally, Bayesian Capital Management LP bought a new position in TransUnion during the fourth quarter valued at about $216,000.
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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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