Equifax, Inc. (NYSE:EFX) Expected to Post Quarterly Sales of $855.52 Million
Equities analysts predict that Equifax, Inc. (NYSE:EFX) will announce sales of $855.52 million for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Equifax’s earnings, with estimates ranging from $852.35 million to $859.05 million. Equifax posted sales of $804.10 million in the same quarter last year, which would indicate a positive year over year growth rate of 6.4%. The company is expected to issue its next earnings report on Wednesday, October 25th.
On average, analysts expect that Equifax will report full-year sales of $855.52 million for the current financial year, with estimates ranging from $3.40 billion to $3.41 billion. For the next financial year, analysts expect that the business will report sales of $3.64 billion per share, with estimates ranging from $3.58 billion to $3.68 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Equifax.
Equifax (NYSE:EFX) last posted its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.03. Equifax had a return on equity of 24.88% and a net margin of 17.44%. The company had revenue of $856.70 million for the quarter, compared to analyst estimates of $860.48 million. During the same quarter last year, the company earned $1.43 EPS. Equifax’s revenue for the quarter was up 5.6% compared to the same quarter last year.
A number of research analysts have commented on EFX shares. Cowen and Company restated a “buy” rating and set a $151.00 price objective on shares of Equifax in a research note on Friday, July 28th. Deutsche Bank AG restated a “buy” rating and set a $160.00 price objective (up previously from $140.00) on shares of Equifax in a research note on Thursday, July 27th. BidaskClub upgraded Equifax from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Argus started coverage on Equifax in a research note on Tuesday, June 13th. They issued a “buy” rating and a $166.00 price target on the stock. Finally, Stephens cut Equifax from an “overweight” rating to an “equal weight” rating in a research note on Friday, April 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. Equifax has an average rating of “Buy” and a consensus price target of $145.45.
Equifax (NYSE:EFX) opened at 145.43 on Monday. The stock has a 50 day moving average price of $140.92 and a 200-day moving average price of $134.52. Equifax has a 12-month low of $110.87 and a 12-month high of $147.02. The stock has a market cap of $17.51 billion, a P/E ratio of 30.80 and a beta of 0.91.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.07%. Equifax’s dividend payout ratio (DPR) is 33.05%.
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In other Equifax news, CFO John W. Gamble, Jr. sold 14,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $136.44, for a total transaction of $1,910,160.00. Following the sale, the chief financial officer now owns 48,578 shares in the company, valued at $6,627,982.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Rodolfo O. Ploder sold 1,719 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $145.70, for a total value of $250,458.30. Following the sale, the insider now owns 43,648 shares in the company, valued at approximately $6,359,513.60. The disclosure for this sale can be found here. Insiders have sold 26,219 shares of company stock worth $3,691,098 in the last 90 days. 1.29% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in EFX. YorkBridge Wealth Partners LLC boosted its stake in shares of Equifax by 23.8% in the first quarter. YorkBridge Wealth Partners LLC now owns 744 shares of the credit services provider’s stock valued at $102,000 after buying an additional 143 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Equifax by 9.4% in the first quarter. IFP Advisors Inc now owns 745 shares of the credit services provider’s stock valued at $102,000 after buying an additional 64 shares during the last quarter. Park Avenue Securities LLC purchased a new stake in shares of Equifax during the second quarter valued at about $201,000. Wilbanks Smith & Thomas Asset Management LLC purchased a new stake in shares of Equifax during the first quarter valued at about $202,000. Finally, Edgewood Management LLC purchased a new stake in shares of Equifax during the first quarter valued at about $205,000. Hedge funds and other institutional investors own 89.56% of the company’s stock.
Equifax Company Profile
Equifax Inc is a global provider of information solutions and human resources business process outsourcing services for businesses, governments and consumers. The Company operates in four segments: U.S. Information Solutions (USIS), International, Workforce Solutions and Global Consumer Solutions. Its products and services are based on databases of consumer and business information derived from various sources, including credit, financial assets, telecommunications and utility payments, employment, income, demographic and marketing data.
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