TransUnion (TRU) Releases Earnings Results
TransUnion (NYSE:TRU) issued its earnings results on Tuesday. The business services provider reported $0.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.05, Bloomberg Earnings reports. TransUnion had a return on equity of 21.37% and a net margin of 13.17%. The firm had revenue of $506.10 million for the quarter, compared to the consensus estimate of $487.83 million. During the same quarter last year, the business posted $0.44 EPS. The company’s revenue was up 16.1% compared to the same quarter last year. TransUnion updated its Q1 guidance to $0.51-0.52 EPS and its FY18 guidance to $2.26-2.31 EPS.
Shares of TransUnion (NYSE:TRU) traded up $0.71 on Wednesday, reaching $55.66. The company’s stock had a trading volume of 1,221,241 shares, compared to its average volume of 1,147,246. The firm has a market cap of $10,600.41, a P/E ratio of 42.88, a PEG ratio of 2.99 and a beta of 0.67. TransUnion has a 52-week low of $36.08 and a 52-week high of $61.42. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.84 and a quick ratio of 1.84.
Several equities research analysts recently weighed in on TRU shares. Morgan Stanley raised their price objective on TransUnion from $50.00 to $51.00 and gave the company an “overweight” rating in a report on Monday, October 23rd. Deutsche Bank reissued a “buy” rating and set a $55.00 price objective (up previously from $50.00) on shares of TransUnion in a report on Tuesday, October 24th. Royal Bank of Canada reissued a “buy” rating and set a $57.00 price objective on shares of TransUnion in a report on Friday, October 27th. Stifel Nicolaus reissued a “buy” rating and set a $59.00 price objective (up previously from $50.00) on shares of TransUnion in a report on Sunday, October 29th. Finally, SunTrust Banks raised their price objective on TransUnion to $64.00 and gave the company a “buy” rating in a report on Monday, October 30th. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $58.73.
A number of institutional investors and hedge funds have recently made changes to their positions in TRU. PNC Financial Services Group Inc. acquired a new position in TransUnion during the 2nd quarter worth about $401,000. Northern Trust Corp raised its position in shares of TransUnion by 43.4% in the 2nd quarter. Northern Trust Corp now owns 607,329 shares of the business services provider’s stock worth $26,303,000 after acquiring an additional 183,760 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in shares of TransUnion by 6.3% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 146,639 shares of the business services provider’s stock worth $6,351,000 after acquiring an additional 8,746 shares in the last quarter. Virtu KCG Holdings LLC bought a new position in shares of TransUnion in the 2nd quarter worth about $374,000. Finally, Dimensional Fund Advisors LP raised its position in shares of TransUnion by 50.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 469,589 shares of the business services provider’s stock worth $20,340,000 after acquiring an additional 157,956 shares in the last quarter.
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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