Equifax (NYSE:EFX) Announces Quarterly Earnings Results, Beats Estimates By $0.27 EPS

Equifax (NYSE:EFX) announced its quarterly earnings results on Tuesday. The credit services provider reported $1.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.71 by $0.27, MarketWatch Earnings reports. Equifax had a net margin of 13.60% and a return on equity of 29.81%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the firm posted $1.60 earnings per share. The business’s revenue was up 25.6% on a year-over-year basis.

EFX traded down $6.32 during trading on Thursday, reaching $248.72. 13,150 shares of the stock were exchanged, compared to its average volume of 623,039. The company has a market cap of $30.27 billion, a PE ratio of 51.36, a P/E/G ratio of 2.59 and a beta of 1.42. Equifax has a twelve month low of $135.98 and a twelve month high of $257.89. The business’s 50 day moving average price is $238.44. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.71 and a current ratio of 0.71.

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 15th. Investors of record on Tuesday, May 25th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Monday, May 24th. This represents a $1.56 dividend on an annualized basis and a yield of 0.63%. Equifax’s payout ratio is 22.38%.

EFX has been the topic of a number of research reports. Royal Bank of Canada lifted their price target on shares of Equifax from $259.00 to $270.00 and gave the company a “sector perform” rating in a research note on Thursday. Morgan Stanley lifted their price target on shares of Equifax from $201.00 to $220.00 and gave the company an “equal weight” rating in a research note on Friday, April 23rd. TheStreet raised shares of Equifax from a “c+” rating to a “b” rating in a research note on Wednesday, April 21st. Barclays lifted their price target on shares of Equifax from $210.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, April 28th. Finally, Needham & Company LLC lifted their price target on shares of Equifax from $260.00 to $288.00 and gave the company a “buy” rating in a research note on Thursday. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $205.96.

In related news, insider Sid Singh sold 9,186 shares of the business’s stock in a transaction on Wednesday, May 5th. The shares were sold at an average price of $237.91, for a total transaction of $2,185,441.26. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.03% of the stock is currently owned by insiders.

Equifax Company Profile

Equifax Inc provides information solutions and human resources business process outsourcing services for businesses, governments, and consumers. The company operates through four segments: U.S. Information Solutions (USIS), Workforce Solutions, International, and Global Consumer Solutions. The USIS segment offers consumer and commercial information services, such as credit information and credit scoring, credit modeling and portfolio analytics, locate, fraud detection and prevention, identity verification, and other consulting; mortgage services; financial marketing; and identity management services.

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Earnings History for Equifax (NYSE:EFX)

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