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Why TransUnion (TRU) is a Top Growth Stock for the Long-Term
ZACKS· 2024-08-15 14:47
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. Zacks Premium also includes the Zacks Style Scores. What are the Zacks Style Scores? Deve ...
TransUnion Declares Second Quarter 2024 Dividend of $0.105 per Share
GlobeNewswire News Room· 2024-08-09 10:50
CHICAGO, Aug. 09, 2024 (GLOBE NEWSWIRE) -- TransUnion (NYSE: TRU) today announced that its Board of Directors declared a cash dividend of $0.105 per share for the second quarter 2024. The dividend will be payable on September 9, 2024, to shareholders of record on August 23, 2024. About TransUnion (NYSE: TRU) TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the mar ...
TransUnion Partners with Snowflake to Provide On-demand Access to Pseudonymized Credit Data
Newsfilter· 2024-08-07 12:00
CHICAGO, Aug. 07, 2024 (GLOBE NEWSWIRE) -- TransUnion (NYSE:TRU) today announced its partnership with Snowflake, the AI Data Cloud company, to launch TruIQTM Data Enrichment on Snowflake Marketplace. TruIQ Data Enrichment's availability on Snowflake Marketplace will provide joint customers with unlimited, on-demand access to pseudonymized TransUnion credit data in the Snowflake AI Data Cloud. The need for such a solution is clear. According to a recent Forrester Research survey, more than 85% of organizatio ...
TransUnion (TRU) Stock Gains 5% Post Q2 Earnings & Revenues Beat
ZACKS· 2024-08-02 18:15
TransUnion (TRU) reported impressive second-quarter 2024 results, wherein earnings and revenues outpaced the Zacks Consensus Estimate. The stock has gained 4.6% since the earnings release on Jul 25 in response to better-than-expected earnings and impressive guidance. For 2024, TransUnion raised its guidance for revenues to $4.10-$4.14 billion from the $4.02-$4.08 billion stated previously. The mid-point ($4.12 billion) of the company's revised guided range is lower than the Zacks Consensus Estimate of $4.13 ...
After a Period of Decline, EVs Provide a Jolt to the Leasing Market
Newsfilter· 2024-08-01 13:22
Core Insights - Consumers are returning to auto leasing, particularly with electric vehicles (EVs), marking a recovery from the pandemic-induced decline in the auto leasing market [1][4][9] Auto Leasing Trends - The study indicates a shift in the ratio of auto loans to leasing, with leasing volumes increasing from 539K in Q1 2023 to 714K in Q1 2024, approaching the pre-pandemic level of 781K in Q1 2020 [3][4] - The overall auto loan volume decreased from 1.75 million in Q1 2023 to 1.68 million in Q1 2024, reflecting a regression in loan originations as consumers explore leasing options [4][3] Consumer Behavior - Among consumers who terminated a lease, 38% opted to lease another vehicle, while 28% financed a vehicle, indicating a preference for leasing [4][5] - Monthly lease payments for non-luxury vehicles averaged $517, compared to $707 for financed vehicles, highlighting the affordability of leasing [5] Electric Vehicle Leasing - The percentage of leases attributed to EVs rose significantly from 11.0% in Q2 2022 to 16.5% in Q2 2024, driven by factors such as increased inventory, dealer incentives, and tax credits [6][8] - Nearly 50% of all EV originations in Q2 2024 were leases, a substantial increase from just over 20% in Q2 2021 [7][8] Market Challenges and Opportunities - Despite the growth in leasing, only 30% of leasees in 2024 are first-time leasees, down from 33% in 2019, indicating a challenge for dealers to attract new customers [9][10] - The decline in first-time leasees presents a growth opportunity for dealers to market towards potential customers looking for pre-owned vehicles in the future [10]
Integrity Names Respected Industry Leader Linda Zukauckas as Chief Financial Officer
Prnewswire· 2024-07-31 13:00
Proven and respected industry leader with 40 years of experience will provide financial strategy, oversight and guidance across Integrity's rapidly growing platform "Integrity is leading a new era of expanded offerings and more holistic protection of the life, health and wealth assets American families have built across decades," explained Bryan W. Adams, Co-Founder and CEO of Integrity. "To help us better serve the needs of even more agencies, agents and consumers, we are pleased to have found in Linda Zuk ...
TransUnion(TRU) - 2024 Q2 - Quarterly Report
2024-07-25 20:19
Table of Contents ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Securities registered pursuant Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.01 par value TRU New York Stock Exchange Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions ...
TransUnion(TRU) - 2024 Q2 - Earnings Call Transcript
2024-07-25 17:02
TransUnion (NYSE:TRU) Q2 2024 Earnings Conference Call July 25, 2024 9:30 AM ET Company Participants Greg Bardi - VP, IR Chris Cartwright - President and CEO Todd Cello - EVP and CFO Conference Call Participants Jeff Meuler - Baird Andrew Steinerman - JPMorgan Faiza Alwy - Deutsche Bank Toni Kaplan - Morgan Stanley Kelsey Zhu - Autonomous Manav Patnaik - Barclays Heather Balsky - Bank of America Merrill Lynch Shlomo Rosenbaum - Stifel Operator Good day and welcome to the TransUnion Second Quarter 2024 Earni ...
TransUnion (TRU) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2024-07-25 14:35
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. TransUnion (TRU) reported $1.04 billion in revenue for the quarter ended June 2024, representing a year-overyear increase of 7.5%. EPS of $0.99 for the same period compares to $0.86 a year ago. While investors closely watch year-over-year changes in headline numbers -- revenue and earni ...
TransUnion (TRU) Surpasses Q2 Earnings and Revenue Estimates
ZACKS· 2024-07-25 12:30
TransUnion (TRU) came out with quarterly earnings of $0.99 per share, beating the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $0.86 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 1.02%. A quarter ago, it was expected that this credit reporting company would post earnings of $0.81 per share when it actually produced earnings of $0.92, delivering a surprise of 13.58%. Over the last four quarters, t ...