Canada markets closed

TransUnion (TRU)

NYSE - NYSE Delayed Price. Currency in USD
Add to watchlist
94.97+0.58 (+0.61%)
At close: 4:00PM EST

94.97 0.00 (0.00%)
After hours: 4:26PM EST

Full screen
Trade prices are not sourced from all markets
Previous Close94.39
Open94.86
Bid94.85 x 800
Ask94.89 x 800
Day's Range94.22 - 95.31
52 Week Range52.50 - 101.16
Volume1,073,292
Avg. Volume1,210,840
Market Cap18.073B
Beta (5Y Monthly)1.22
PE Ratio (TTM)56.20
EPS (TTM)1.69
Earnings DateFeb. 16, 2021 - Feb. 22, 2021
Forward Dividend & Yield0.30 (0.32%)
Ex-Dividend DateNov. 24, 2020
1y Target Est100.71
  • Consumer Resilience Shows Promise for 2021 Forecast
    GlobeNewswire

    Consumer Resilience Shows Promise for 2021 Forecast

    * Lower delinquency rates and balance paydown demonstrate consumer resiliency * Lockdowns have impacted new credit growth for all products * Mortgages seem to be on a path of recovery due to pent-up demand and low-interest rates * Slow growth in balances and minimal increase in delinquencies forecasted for 2021TORONTO, Nov. 23, 2020 (GLOBE NEWSWIRE) -- The latest Q3 2020 TransUnion Industry Insights Report found that Canadian consumers have adapted well to the ongoing economic crisis spurred by the pandemic, showing signs of resiliency. While consumer spending habits have yet to revert to pre-pandemic levels, delinquency rates continue trending downward and some credit markets, such as mortgages, are seeing an influx of new activity and improved performance.“Over the summer we saw early signs that Canadian consumers were adapting to the new economic environment,” said Matt Fabian, director of financial services research and consulting at TransUnion. “While many Canadians remain cautious with their spending, there are early signs of recovery, particularly when noting an increase in the funding of major purchases such as homes and cars.”Further, TransUnion’s 2021 forecast indicates market stabilization, with slight increases to delinquencies as government relief programs and payment holidays expire.Consumers deleveraging to build resiliencySeveral metrics point to Canadian credit-active consumers managing the impacts of the pandemic relatively well. Average non-mortgage consumer debt in Q3 3020 fell 4.2% from the prior year to $29,376 as consumers were active in paying down credit obligations. This drop was led by credit card balances, which declined by 11.6%. The decrease in credit card balances was partly due to lower spending and higher repayment activity. Public health measures to contain the COVID-19 pandemic resulted in a series of business closures, which reduced consumers’ ability to spend. Further, a recent Financial Hardship Survey by TransUnion from September 2020 revealed that many consumers deferred major purchases on credit cards, with 48% of consumers having delayed vacations due to travel restrictions.Auto loan and line of credit total balances also decreased by 2.9% and 4.3%, respectively. Conversely, personal loan and mortgage balances increased by 4.2% and 5.6%, respectively. Mortgages, in particular, experienced higher growth and demand largely due to higher housing prices, which increased new mortgage average balances, and extremely low-interest rates benefitting refinance activity.While unemployment rates reached their highest levels in a generation, the combination of government subsidies and payment holidays from most lenders supported consumers and helped manage cash flows during the pandemic. TransUnion’s September Financial Hardship Survey indicated that 48% of Canadian households reported experiencing negative financial impacts from COVID-19, down from a peak of 63% in April. Additionally, while just under half of the respondents reported a negative impact, 82% of consumers said their household finances were planned for the rest of 2020, with 43% indicating their finances were better than anticipated.New credit growth slowing downThe unprecedented global nature of COVID-19 severely impacted the volume of new credit originations. New account openings were down 41% in Q2 2020—the most recent quarter for which originations data are available due to the reporting lag—as a result of lower consumer demand and lenders curtailing originations to mitigate unexpected risk. As lockdowns tightened and the economy worsened, lenders tightened risk and lending policies which have impacted new credit supply.The largest decline was observed in credit card originations, where volumes were down 63% from the prior year. Auto loans also declined YoY by 38% due to reduced consumer demand and lockdowns that closed dealerships.Amongst all credit products, mortgages experienced the lowest YoY decline of 2.2% in Q2 2020, as low-interest rates encouraged refinancing and as pent-up demand from the early spring lockdowns was released at the end of the second quarter when certain regional restrictions eased. “In the coming months, we expect slower origination volumes even as restrictions ease because lenders will continue to manage and mitigate risk,” added Fabian.Credit ProductsQ2 2020 YoY change in origination volume BankCard-63.0% Auto Loan-38.0% Line of Credit-43.4% Installment-33.1% Mortgage-2.2% Government subsidies and payment holidays supporting low delinquency trendsDelinquency rates remained low as consumers continued to take advantage of payment holidays on outstanding balances. Approximately 3.1 million Canadians have taken advantage of payment deferrals since the onset of the pandemic, a proactive treatment strategy executed by lenders to support consumers through record-high unemployment and financial hardship.Consumers have used the excess cash made available by these payment holidays to pay down outstanding bills or debt, and in some cases have continued to pay down balances against products on which they have taken a deferral. As a result, Canada’s overall non-mortgage consumer-level delinquency rate fell 48 basis points to 1.44% in Q3 2020 from the prior year.“Canadians have leveraged government programs and lender support to offset cash flow concerns as both the government and lenders continued to support consumers through this economic shock. This has helped keep delinquency rates at low levels,” explained Fabian. “Nevertheless, we do anticipate an increase in delinquency rates next year as deferral options expire and some consumers struggle to maintain payments due to financial impacts caused by a prolonged pandemic.”Outlook calls for performance stabilization in 2021TransUnion’s updated Canadian credit market forecast indicates continued consumer deleveraging and muted originations levels, which are both expected to result in a decline in outstanding balances by the end of 2020 for major credit products. TransUnion projects a 2% YoY drop in non-mortgage balances by the end of 2020, and expects a stabilization in 2021 with a slight 0.2% increase by the end of the year. As the government subsidies end, impacted consumers will experience income shocks and may have reduced liquidity to meet debt obligations. TransUnion anticipates an increase in overall consumer delinquency rates into 2021, with non-mortgage consumer delinquency increasing by 9 bps after a large drop in 2020.The forecast suggests a slight increase in delinquencies for credit cards and mortgages. “While mortgage delinquency rates are forecasted to increase in 2020 and 2021, it is important to remember that rates are already relatively low at under one percent, so we expect they will remain at manageable levels through 2021. From an origination perspective, our forecast calls for continued low volumes through 2020, but a rebound for cards and continued demand for mortgages in 2021,” said Fabian.Monthly & At the end of DEC OriginationsAverage Consumer BalancesConsumer Delinquency (90+ DPD) 2019 YE2020 YE2021 YE2019 YE2020 YE2021 YE2019 YE2020 YE2021 YE Non-Mortgage– ––$30,287$29,643$29,6911.93%1.42%1.51% Credit Card522,642440,569457,136$4,245$3,701$3,4870.90%0.60%0.66% Mortgage85,69681,18688,732$277,152$291,712$307,3370.18%0.19%0.20% Installment272,521272,941267,558$35,605$37,433$37,8390.98%0.87%0.91% Auto Loan84,99377,97671,425$21,503$21,489$21,8040.23%0.21%0.22% About TransUnion (NYSE: TRU)TransUnion is a global information and insights company that makes trust possible in the modern economy. We do this by providing a comprehensive picture of each person so they can be reliably and safely represented in the marketplace. As a result, businesses and consumers can transact with confidence and achieve great things. We call this Information for Good.® TransUnion provides solutions that help create economic opportunity, great experiences and personal empowerment for hundreds of millions of people in more than 30 countries. Our customers in Canada comprise some of the nation’s largest banks and card issuers, and TransUnion is a major credit reporting, fraud, and analytics solutions provider across the finance, retail, telecommunications, utilities, government and insurance sectors.For more information or to request an interview, contact: Contact E-mail Telephone Fiona Bang Fiona.Bang@ketchum.com 647-680-2885

  • Hospital Visit Recovery Remains Flat While Popularity of Telehealth Services Grows
    GlobeNewswire

    Hospital Visit Recovery Remains Flat While Popularity of Telehealth Services Grows

    New TransUnion Healthcare report finds emergency department visits remain well below pre-COVID-19 volumesCHICAGO, Nov. 19, 2020 (GLOBE NEWSWIRE) -- Hospital visit volumes have stayed consistent through late October after plateauing in July, though levels may shift depending on the impact of rising COVID-19 cases nationwide. As hospital visit volumes remain stagnant for the time being, new TransUnion Healthcare (NYSE: TRU) research validates that alternative healthcare settings such as telehealth services are growing in popularity. TransUnion Healthcare’s updated analysis of 500+ hospitals across the United States revealed emergency department visits were down 26% compared to pre-COVID-19 volumes* – only one-basis point lower than emergency department volumes 10 weeks prior. Inpatient volumes were down 9% below pre-COVID-19 volumes during the week of October 25-31, which is also one-basis point lower than the level recorded in mid-August. Outpatient visits have largely remained around pre-COVID-19 levels.“Our latest analysis shows hospital visits have flattened, creating a new baseline for volumes that providers will likely continue to experience across treatment settings,” said David Wojczynski, President of TransUnion Healthcare. “The ongoing analysis, paired with new consumer research, point to the likelihood that patients are instead seeking care in alternative settings such as telehealth, or deferring non-COVID-19 related care to avoid COVID-19 transmission. However, with new stay-at-home orders going into effect and elective procedures delayed, we may see volumes fluctuate once again from this newly established baseline.”There are a number of factors likely contributing to these sustained, lower emergency department volumes such as the continued, dramatic reduction in visits from children and patients with lower-acuity diagnoses (including cough and ear pain), the use of alternative care settings and ongoing care deferrals.As care deferrals continue, a concern is that patients – especially high-acuity and chronically ill patients – may experience worsening or additional health complications, potentially increasing healthcare costs. At the same time, patients are increasingly utilizing alternative care settings, which are often more effective and efficient care delivery options for non-emergent medical concerns that can lead to reduced healthcare costs for all stakeholders.Patient preferences indicate telehealth services likely here to stayA recent TransUnion Healthcare report revealed that one-third (33%) of patients utilized telehealth in the last year, and of those patients, six in 10 (59%) did so because of the pandemic. To better understand the growing trend of telehealth use, in November 2020, TransUnion Healthcare conducted a follow-up survey of 1,375 people who had used telehealth services in the last 12 months.The majority of telehealth patients surveyed said they used virtual health services in place of visiting their primary care physician office (60%), and an additional 8% of respondents utilized telehealth instead of visiting the emergency department.Adoption of Telehealth Services Continues to Grow During COVID-19 PandemicTopic% of Respondents Percent of patients that used telehealth instead of visiting their primary care physician office60% Percent of patients that used telehealth without considering an in-person healthcare setting14% Percent of patients that used telehealth instead of visiting an urgent care facility11% Percent of patients that used telehealth instead of visiting the emergency department8% Percent of patients that would be at least somewhat likely to continue utilizing telehealth once a COVID-19 vaccine is available and distributed67% Percent of patients that shared the quality of care they received via telehealth was the same as or better than in-person medical care71% Further, the industry can expect patients to continue using telehealth services even once there is a COVID-19 vaccine available and widely distributed. Over two-thirds (67%) of recent telehealth patients stated they are at least somewhat likely to continue utilizing telehealth services after a COVID-19 vaccine is made available. What’s more, 77% expressed satisfaction with their most recent telehealth visit.“As COVID-19 fears persist, it’s evident that telehealth services are here to stay,” said Jonathan Wiik, principal of healthcare strategy at TransUnion Healthcare. “Once we get through the on-going waves of COVID cases, we do anticipate some normalization to occur in the future in terms of inpatient, outpatient and emergency department patient visits, though the convenience of telehealth makes this treatment setting a viable option for many people.”For more information on the impact of COVID-19 on the healthcare industry, as well as additional resources from TransUnion Healthcare, visit transunion.com/healthcare-covid-19.*TransUnion Healthcare defines pre-COVID-19 volumes as the average weekly visits measured during the first 8 full weeks of the year, from the weeks of January 5-11 through February 23-29.About TransUnion (NYSE: TRU)TransUnion is a global information and insights company that makes trust possible in the modern economy. We do this by providing a comprehensive picture of each person so they can be reliably and safely represented in the marketplace. As a result, businesses and consumers can transact with confidence and achieve great things. We call this Information for Good.®TransUnion Healthcare, a wholly owned subsidiary of TransUnion, makes mutual trust possible between patients, providers, and payers by helping them navigate payment uncertainty. Our Revenue Protection® solutions leverage comprehensive data, accurate insights and industry expertise to engage patients early, ensure earned revenue gets paid and optimize payment strategies. TransUnion Healthcare helps over 1,850 hospitals and 550,000 physicians collectively recover more than $1.2 billion annually in revenue.A leading presence in more than 30 countries across five continents, TransUnion provides solutions that help create economic opportunity, great experiences and personal empowerment for hundreds of millions of people.http://www.transunionhealthcare.comContactDave Blumberg TransUnion E-maildavid.blumberg@transunion.com Telephone312-972-6646

  • 76% of Shoppers to Conduct Majority of their Holiday Purchases Online
    GlobeNewswire

    76% of Shoppers to Conduct Majority of their Holiday Purchases Online

    New TransUnion Holiday Shopping Report finds that retailers will need to provide consumers with seamless online experiences and more to win their businessCHICAGO, Nov. 18, 2020 (GLOBE NEWSWIRE) -- TransUnion’s (NYSE: TRU) newly released 2020 Consumer Holiday Shopping Report found that three in four consumers (76%) plan on conducting more than half of their holiday shopping online this year – an increase from the 57% who said the same last year. The rise in online shopping is coming partly at the expense of traditional in-store holiday shopping events such as Black Friday. The report found that only 21% of consumers said they plan on shopping in-person for Black Friday events and deals. Additionally, one-third of consumers (32%) said they will be shopping less at brick and mortar stores this Black Friday shopping season compared to last year. TransUnion’s Holiday Shopping Report includes insights gathered from an online survey of 2,620 adults conducted in late October. This is the third iteration of the report, which has observed consumer shopping preferences during the holiday season between 2018 and 2020.As the prevalence of online shopping continues to grow, the report found that consumers have high expectations for retailers. Consumers indicated that they want retailers to provide convenient and secure shopping experiences as well as multiple shipping and pick-up options, promotions and coupons. Retailers providing such resources are already at an advantage as 45% of consumers said they started their holiday shopping in October or earlier; another 45% said they will begin in November with the remaining 10% starting in December.“The holiday shopping season has traditionally kicked off during Thanksgiving week, but it’s clear that a combination of factors has led nearly half of consumers to begin shopping in October or earlier,” said Shannon Wu-Lebron, senior director of retail in TransUnion’s diversified markets business. “Much of this can be attributed to the COVID-19 pandemic and the greater propensity to conduct shopping online, but savvy retailers also are working to provide better online experiences and promotions to entice consumers to their websites earlier in the season.”More Holiday Shopping Is Expected to be Conducted Online This Year Topic/Year 2020  2019  2018   Percent of consumers that will conduct more than half of their shopping online76%  57%  43%  Percent of consumers that will conduct 100% of their shopping online14%  7% 8%  Percent of consumers who say they will spend more this holiday shopping season compared to the previous year15% 17% 23%  Consumers Seeking More Convenience This Holiday Shopping SeasonThe report highlighted how important convenient interactions are for many consumers. For the first time since TransUnion has conducted the survey, more consumers will be using their mobile phones to shop online than other devices such as laptops and tablets.About 78% of consumers said they will use their mobile phones for online holiday purchases this year – up from 73% last year. Gen Z, Millennials and Gen X were the biggest users of mobile at 84% each, with Baby Boomers at only a 65% usage rate. About 71% of consumers said they will use their laptop or desktop computers and 32% will use their tablet. “It’s evident the shift to mobile is continuing in full force and this means retailers must be equipped to offer shoppers with convenient and low risk mobile shopping experiences,” said Wu-Lebron.With more mobile phone use, features such as “pre-filling” a consumer’s personal information are becoming more important than in the past. About six in 10 (61%) consumers said it is at least moderately important to have some of their personal information pre-filled at the time of checkout. This was particularly important for the youngest generations (Gen Z – 68%; Millennials – 67%).While shipping costs (58%) were the No. 1 reason consumers abandon their online shopping cart, payment issues (28%) and too many steps to make purchases (25%) were also cited by a good proportion of respondents.And when ranking what is most important to them when shopping online, having multiple shipping and pick-up options ranked first (32%) followed by merchants who provide safe and secure shopping options (30%). These were followed by buying from familiar merchants (18%); merchants with lowest prices (11%); and free or low delivery fees (9%).Online Fraudulent Activity Continues to Worry ConsumersConvenient transactions are clearly important to consumers, but security and fraud prevention are of particular concern for many shoppers this holiday season. Nearly half of survey respondents (49.6%) said they are concerned with being victimized by fraud this holiday season. This was a slight increase from last year when 46.4% were concerned.Many consumers also do not mind going through a few extra steps to ensure a secure transaction. About 58% of respondents said they view additional identity validation steps during the check-out process positively.Nearly 52% of respondents said account information and credit card information security are equally important to them during the holiday season. Approximately 22% of consumers prioritized protection of login ID and password while 23% said validation of credit card and identity information at checkout was most important.Half of respondents said they would be more willing to make an online purchase from a retailer that provided two-factor or multifactor authentication rather than just username and password.“As the pandemic progresses, it’s clear that this is going to be an unusual holiday shopping season. However, some things do not change. Consumers continually want to have more convenient interactions with retailers without foregoing security. With more and more online shopping choices, it’s critical for retailers to meet these ever-growing consumer needs,” concluded Wu-Lebron.For more information about the 2020 TransUnion Consumer Holiday Shopping Report, please click here.About TransUnion (NYSE: TRU) TransUnion is a global information and insights company that makes trust possible in the modern economy. We do this by providing a comprehensive picture of each person so they can be reliably and safely represented in the marketplace. As a result, businesses and consumers can transact with confidence and achieve great things. We call this Information for Good.®A leading presence in more than 30 countries across five continents, TransUnion provides solutions that help create economic opportunity, great experiences and personal empowerment for hundreds of millions of people.http://www.transunion.com/businessContactDave Blumberg  TransUnion    E-maildblumberg@transunion.com    Telephone 312-972-6646