Equifax (NYSE:EFX) Issues Q4 Earnings Guidance

Equifax (NYSE:EFX) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $2.08-2.18 for the period, compared to the consensus earnings per share estimate of $2.20. The company issued revenue guidance of $1.438-1.458 billion, compared to the consensus revenue estimate of $1.47 billion. Equifax also updated its FY 2024 guidance to 7.250-7.350 EPS.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on EFX. Barclays upped their target price on Equifax from $300.00 to $380.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Bank of America upped their price objective on Equifax from $255.00 to $286.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Wolfe Research began coverage on Equifax in a research report on Tuesday, July 9th. They issued an “outperform” rating and a $275.00 price objective on the stock. Robert W. Baird upped their price objective on Equifax from $260.00 to $290.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. Finally, JPMorgan Chase & Co. upped their price objective on Equifax from $273.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Four research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $307.74.

Equifax Trading Down 0.1 %

NYSE:EFX traded down $0.17 during trading hours on Wednesday, hitting $289.96. The company had a trading volume of 1,153,537 shares, compared to its average volume of 840,413. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.01. The company has a 50-day moving average of $294.61 and a 200 day moving average of $262.48. The company has a market cap of $35.84 billion, a P/E ratio of 64.62, a P/E/G ratio of 2.00 and a beta of 1.58. Equifax has a 1 year low of $159.95 and a 1 year high of $309.63.

Equifax (NYSE:EFX) last issued its earnings results on Wednesday, July 17th. The credit services provider reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.09. The company had revenue of $1.43 billion during 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 firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.71 EPS. Sell-side analysts expect that Equifax will post 7.36 earnings per share for the current year.

Equifax Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date was Tuesday, September 3rd. Equifax’s dividend payout ratio is presently 34.74%.

Insider Transactions at Equifax

In related news, EVP Carla Chaney sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $281.85, for a total transaction of $845,550.00. Following the completion of the transaction, the executive vice president now directly owns 10,875 shares in the company, valued at $3,065,118.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.57% of the company’s stock.

Equifax Company Profile

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.