Equifax Inc. (NYSE:EFX) Expected to Post Q3 2024 Earnings of $1.96 Per Share

Equifax Inc. (NYSE:EFX) – Analysts at Zacks Research cut their Q3 2024 earnings per share estimates for shares of Equifax in a note issued to investors on Monday, April 22nd. Zacks Research analyst S. Goswami now anticipates that the credit services provider will post earnings per share of $1.96 for the quarter, down from their prior estimate of $2.00. The consensus estimate for Equifax’s current full-year earnings is $7.36 per share. Zacks Research also issued estimates for Equifax’s Q4 2024 earnings at $2.09 EPS, FY2024 earnings at $7.27 EPS and FY2026 earnings at $10.85 EPS.

Equifax (NYSE:EFX) last released its quarterly earnings data on Thursday, April 18th. The credit services provider reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.06. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.40 billion. Equifax had a return on equity of 19.08% and a net margin of 10.42%. The company’s revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the business posted $1.43 EPS.

EFX has been the subject of several other research reports. Bank of America cut their price target on Equifax from $300.00 to $255.00 and set a “buy” rating for the company in a research note on Friday, April 19th. Stifel Nicolaus lifted their price objective on Equifax from $208.00 to $289.00 and gave the stock a “buy” rating in a report on Tuesday, January 9th. Robert W. Baird lowered their target price on Equifax from $275.00 to $260.00 and set an “outperform” rating on the stock in a report on Friday, April 19th. TheStreet upgraded Equifax from a “c+” rating to a “b-” rating in a report on Friday, December 29th. Finally, Oppenheimer lowered their target price on Equifax from $291.00 to $272.00 and set an “outperform” rating on the stock in a report on Friday, April 19th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Equifax presently has an average rating of “Moderate Buy” and an average price target of $270.19.

Equifax Stock Performance

NYSE EFX opened at $225.77 on Thursday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.67 and a current ratio of 0.73. Equifax has a fifty-two week low of $159.95 and a fifty-two week high of $275.10. The stock has a 50-day simple moving average of $256.09 and a two-hundred day simple moving average of $232.46. The firm has a market capitalization of $27.91 billion, a P/E ratio of 50.28, a PEG ratio of 1.94 and a beta of 1.51.

Institutional Trading of Equifax

A number of large investors have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. increased its position in shares of Equifax by 6.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 10,571 shares of the credit services provider’s stock worth $2,828,000 after acquiring an additional 681 shares during the period. V Square Quantitative Management LLC increased its holdings in Equifax by 41.3% in the first quarter. V Square Quantitative Management LLC now owns 1,772 shares of the credit services provider’s stock valued at $474,000 after buying an additional 518 shares during the last quarter. Simplicity Wealth LLC purchased a new position in Equifax in the first quarter valued at $629,000. Wesbanco Bank Inc. increased its holdings in Equifax by 164.8% in the first quarter. Wesbanco Bank Inc. now owns 3,453 shares of the credit services provider’s stock valued at $924,000 after buying an additional 2,149 shares during the last quarter. Finally, Compound Global Advisors LLC purchased a new position in Equifax in the first quarter valued at $6,547,000. Hedge funds and other institutional investors own 96.20% of the company’s stock.

Equifax Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 23rd were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend was Thursday, February 22nd. Equifax’s dividend payout ratio is currently 34.74%.

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.