Q3 2024 Earnings Estimate for Equifax Inc. Issued By William Blair (NYSE:EFX)

Equifax Inc. (NYSE:EFX) – Equities researchers at William Blair cut their Q3 2024 earnings per share (EPS) estimates for Equifax in a report issued on Friday, July 19th. William Blair analyst A. Nicholas now forecasts that the credit services provider will post earnings per share of $1.80 for the quarter, down from their previous forecast of $1.99. The consensus estimate for Equifax’s current full-year earnings is $7.35 per share. William Blair also issued estimates for Equifax’s Q4 2024 earnings at $2.16 EPS, FY2024 earnings at $7.27 EPS, Q1 2025 earnings at $1.91 EPS, Q2 2025 earnings at $2.24 EPS, Q3 2025 earnings at $2.28 EPS, Q4 2025 earnings at $2.61 EPS and FY2025 earnings at $9.04 EPS.

Other research analysts have also recently issued reports about the company. Oppenheimer raised their target price on Equifax from $272.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. The Goldman Sachs Group raised their target price on Equifax from $246.00 to $277.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. JPMorgan Chase & Co. lifted their price objective on Equifax from $273.00 to $300.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Bank of America lifted their price objective on Equifax from $255.00 to $286.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Finally, Stifel Nicolaus lifted their price objective on Equifax from $265.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $283.19.

Equifax Trading Down 1.7 %

Shares of NYSE:EFX opened at $264.99 on Monday. The stock has a market capitalization of $32.76 billion, a price-to-earnings ratio of 59.02, a PEG ratio of 1.86 and a beta of 1.56. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.73 and a current ratio of 0.79. The stock’s 50-day simple moving average is $243.46 and its two-hundred day simple moving average is $247.43. Equifax has a 52-week low of $159.95 and a 52-week high of $276.69.

Equifax (NYSE:EFX) last announced its earnings results on Wednesday, July 17th. The credit services provider reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.09. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Equifax had a return on equity of 18.88% and a net margin of 10.67%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the firm posted $1.71 earnings per share.

Hedge Funds Weigh In On Equifax

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Wetzel Investment Advisors Inc. purchased a new position in Equifax during the 4th quarter valued at $25,000. EntryPoint Capital LLC purchased a new position in Equifax during the 1st quarter valued at $30,000. OFI Invest Asset Management purchased a new position in Equifax during the 1st quarter valued at $31,000. First Community Trust NA purchased a new position in Equifax during the 2nd quarter valued at $33,000. Finally, Blue Trust Inc. boosted its holdings in Equifax by 271.4% during the 2nd quarter. Blue Trust Inc. now owns 156 shares of the credit services provider’s stock valued at $42,000 after acquiring an additional 114 shares during the period. Hedge funds and other institutional investors own 96.20% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Mark W. Begor sold 58,300 shares of Equifax stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $225.45, for a total value of $13,143,735.00. Following the completion of the transaction, the chief executive officer now owns 109,220 shares in the company, valued at approximately $24,623,649. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CFO John W. Gamble, Jr. sold 3,650 shares of Equifax stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $229.24, for a total value of $836,726.00. Following the completion of the transaction, the chief financial officer now owns 62,219 shares in the company, valued at approximately $14,263,083.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Mark W. Begor sold 58,300 shares of Equifax stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $225.45, for a total value of $13,143,735.00. Following the completion of the transaction, the chief executive officer now owns 109,220 shares of the company’s stock, valued at approximately $24,623,649. The disclosure for this sale can be found here. Insiders have sold a total of 83,635 shares of company stock valued at $18,969,282 in the last quarter. 1.57% of the stock is currently owned by insiders.

Equifax Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Friday, May 24th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Thursday, May 23rd. Equifax’s payout ratio is 34.74%.

About Equifax

Equifax Inc operates as a data, analytics, and technology company. The company operates through three segments: Workforce Solutions, U.S. Information Solutions (USIS), and International. The Workforce Solutions segment offers services that enables customers to verify income, employment, educational history, criminal justice data, healthcare professional licensure, and sanctions of people in the United States; and employer customers with services that assist them in complying with and automating payroll-related and human resource management processes throughout the entire cycle of the employment relationship.