Equifax (NYSE:EFX) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Equifax (NYSE:EFX) issued its quarterly earnings data on Wednesday. The credit services provider reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.01, Briefing.com reports. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Equifax had a return on equity of 18.88% and a net margin of 10.67%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.76 EPS.

Equifax Price Performance

Shares of EFX stock traded up $1.43 during trading hours on Friday, reaching $281.73. The company had a trading volume of 478,606 shares, compared to its average volume of 844,740. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a fifty day moving average of $294.88 and a 200-day moving average of $262.80. The company has a market capitalization of $34.82 billion, a price-to-earnings ratio of 62.84, a PEG ratio of 2.00 and a beta of 1.58. Equifax has a 12-month low of $159.95 and a 12-month high of $309.63.

Equifax Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd were given a $0.39 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.55%. Equifax’s dividend payout ratio (DPR) is presently 34.74%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on EFX shares. Needham & Company LLC reissued a “buy” rating and issued a $350.00 price objective on shares of Equifax in a report on Friday. JPMorgan Chase & Co. boosted their price objective on Equifax from $300.00 to $304.00 and gave the company an “overweight” rating in a report on Friday. Stifel Nicolaus upped their price target on Equifax from $265.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Wolfe Research initiated coverage on Equifax in a report on Tuesday, July 9th. They issued an “outperform” rating and a $275.00 price target for the company. Finally, BNP Paribas raised Equifax from an “underperform” rating to a “neutral” rating and set a $310.00 price target for the company in a report on Thursday, September 19th. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, Equifax currently has a consensus rating of “Moderate Buy” and a consensus price target of $310.47.

Insider Activity

In other news, EVP Carla Chaney sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $281.85, for a total value of $845,550.00. Following the completion of the sale, the executive vice president now directly owns 10,875 shares in the company, valued at $3,065,118.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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.