|Bid||74.43 x 800|
|Ask||76.60 x 1000|
|Day's Range||75.02 - 76.14|
|52 Week Range||52.15 - 79.48|
|Beta (3Y Monthly)||1.26|
|PE Ratio (TTM)||51.95|
|Earnings Date||Jul 23, 2019|
|Forward Dividend & Yield||0.30 (0.40%)|
|1y Target Est||77.00|
(Bloomberg) -- It’s been a tough year for South African retail stocks, battered by gloomy economic news. But hope is on the way.The South African Reserve Bank is expected to reduce its key interest rate Thursday for the first time since March 2018, starting a series of cuts that economists forecast could total as much as 75 basis points over six months. That would support a fragile recovery in sales and consumer confidence by loosening the cost of debt.Retail stocks reflect the strain on South African shoppers: an index of general retailers has dropped 10% this year, compared with gains of almost 30% for their emerging-market peers. Durban-based Mr Price Group Ltd. and Cape Town-based Truworths International Ltd. were both among the five worst-performing shares in the developing countries gauge as of July 17.“Retailers have been among the hardest hit by the consumer being under financial pressure, so any reprieve, even small, will help,” said Nolwandle Mthombeni, an analyst at Mergence Investment Managers in Cape Town. Households spent 9.3% of their disposable income on interest payments on debt in the first quarter and a lower key rate would increase their spending power.The general retailers index gained 0.2% in Johannesburg as of 12:39 p.m. Thursday. Food and drug retailers were 0.7% higher.The implications are less positive for South African banking stocks, which have retreated 7% from their 2019 peak in June as expectations build for rate cuts. That’s even offset some of the positive effects of a strengthening rand, which is typically reflected in shares of both lenders and retailers. The correlation between the two sectors has dropped to 0.56 from 0.7 in June, with a reading of 1 indicating the sub-indexes are moving in lockstep.Bank of America Merrill Lynch strategists, who said July 15 they foresee 75 basis points of cuts within the next six months, estimate the reductions could lift total returns by as much as 20% for retailers. They also see bank stock returns climbing 15% as the rand benefits disproportionately from a risk-on environment in emerging markets.Casparus Treurnicht, a money manager at Gryphon Asset Management, is less optimistic.“The SARB cutting rates would have a negative effect on bank earnings,” said Treurnicht. “Also bear in mind that the SARB usually cuts rates when economic growth slows down, which might also mean that the net interest margin decreases, and provisions must be made for higher insolvencies.”(Updates Thursday move in retail indexes in second paragraph below first chart.)To contact the reporter on this story: Adelaide Changole in Nairobi at email@example.comTo contact the editors responsible for this story: Blaise Robinson at firstname.lastname@example.org, John Viljoen, James ConeFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
More than 50,000 consumers are in the process of improving their credit health using TransUnion’s (TRU) CreditCompass™, a groundbreaking credit product launched just three months ago. CreditCompass is based on the real credit experiences of millions of consumers and provides specific steps for improving individual credit health. An analysis of current CreditCompass™ users found the average user has a credit score of 663, with a goal to improve it by 100 points within two years.
The increased sophistication of online fraudsters continues to pose significant risks to Canadian businesses and the customers they serve. Deploying advanced fraud prevention solutions that mitigate cyber frauds - without compromising the customer experience – is gaining ground fast. It calls for businesses to evolve integral aspects of their cyber security programs – from account origination and detection, through to response.
TransUnion (TRU) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
CHICAGO, July 16, 2019 -- Government agencies face risks in varying forms, including economic, insider and citizen risk. These threats can often be mitigated by leveraging data.
Today we'll evaluate TransUnion (NYSE:TRU) to determine whether it could have potential as an investment idea. To be...
Property managers have been slow to adopt the process of reporting rent payments to credit bureaus, but findings from a new survey may motivate some of them to move a bit faster. The survey, commissioned by TransUnion (TRU), found that seven in 10 renters (73%) would be more likely to make on-time rent payments if property managers reported rent payments to a credit bureau. Furthermore, when given a choice between two similar properties, two-thirds of renters (67%) in the survey said they would choose the rental unit with reporting already in place.
A new TransUnion Healthcare (TRU) analysis found that most patients likely felt a bigger pinch to their wallets as out-of-pocket costs across all settings of care increased in 2018. The new findings were revealed today at the 2019 Healthcare Financial Management Association Annual Conference in Orlando. The analysis reveals that patients experienced annual increases of up to 12% in their out-of-pocket responsibilities for inpatient, outpatient and emergency department care in 2018.
TransUnion (TRU) announced today that Kermit R. Crawford has been appointed to its Board of Directors, effective June 14. “Kermit is an excellent addition to TransUnion’s board of directors,” said Leo Mullin, chairman of the board, TransUnion. Crawford, 59, sits on the board of directors at Allstate Insurance Co., serving in this capacity since 2013.
While used vehicle financing has traditionally been associated with non-prime borrowers, a new TransUnion (TRU) study has found that consumers across the credit spectrum are increasingly evaluating used vehicles as a more practical option. This trend is especially noteworthy among consumers with prime and higher credit scores, and is believed to be driven in part by the influx of off-lease vehicles to the marketplace. The study found that, contrary to popular belief, prime and above consumers are making up the majority of used vehicle finance transactions.
CHICAGO, June 18, 2019 -- TransUnion (NYSE: TRU) will publish its financial results for the second quarter ending June 30, 2019, in a press release to be issued by 6:00 a.m..
TransUnion (TRU) announced today the creation of a Sustainability Office and issued the 2018 Corporate Social Responsibility Report. Now we are elevating our commitment to that belief with the creation of a Sustainability Office to help centralize efforts to ensure our business practices, governance structures and environment profile are all aligned,” said Chris Cartwright, president and CEO of TransUnion. The Sustainability Office will engage a cross-functional working group, under the guidance of a steering committee made of members of the executive leadership team.
Without the right data, providing quick and accurate insurance quotes based on an applicant’s full risk profile can be challenging. To this end, DealerPolicy, a trusted and comprehensive insurance marketplace for automotive retailers and their valued customers, announced the integration of TransUnion’s DriverRiskSM (TRU) into its current offerings. TransUnion’s DriverRisk solution provides DealerPolicy with access to violation data that speeds up the process of generating quotes while increasing the accuracy of the quotes provided.
TransUnion (TRU) today announced the launch of myTrueIdentity to help equip Canadian organizations in combatting cyber-attacks on their organizations and ultimately, the impact to Canadian consumers. Faced with the ever-evolving sophistication of cyber-fraud, organizations’ readiness to respond to an attack is important to help mitigate potential damages. Beyond reputational impact and the erosion of trust with consumers, data indicates that the average cost of a data breach to a Canadian organization in 2018 was around CA$6.37 million, according to a recent study from IBM.
TransUnion (TRU) today committed to support The Chicago Network (TCN) Equity Principles Campaign, which aims to have Chicago-area companies work toward achieving gender equity in leadership roles by 2030. While the Campaign is specific to the local area, TransUnion is going one step further and committing to equity in leadership across its entire global workforce. “Women in leadership at TransUnion play an integral part in our growth and success,” said Chris Cartwright, president and CEO of TransUnion.
Is TransUnion (NYSE:TRU) a good stock to buy right now? We at Insider Monkey like to examine what billionaires and hedge funds think of a company before doing days of research on it. Given their 2 and 20 payment structure, hedge funds have more incentives and resources than the average investor. The funds have access […]
Let's talk about the popular TransUnion (NYSE:TRU). The company's shares saw significant share price movement during...
CHICAGO, May 28, 2019 -- TransUnion (NYSE: TRU) today announced that Todd Cello, CFO, will present at the Baird Global Consumer, Technology and Services Conference on Tuesday,.
TransUnion (TRU) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The newly released Q1 2019 TransUnion (TRU) Industry Insights Report shows that there was continued positive growth in the Canadian credit market in the first quarter of the year. Growth was driven by a rise in the total number of Canadian consumers with access to credit, as well as an increase in the amount they are borrowing. Importantly, delinquency rates remained broadly flat compared to a year ago.
Once primarily used for financing purchases such as washing machines or winter coats when the economy was floundering, layaway has a whole new look. Now called point-of-sale loans, installment payments are shaking up how consumers finance purchases.
CHICAGO, May 16, 2019 -- The latest entrant to the credit market, point-of-sale loans, may be shaking up how consumers finance large purchases. According to the TransUnion.