Zacks: Brokerages Expect Equifax, Inc. (EFX) Will Announce Quarterly Sales of $855.52 Million
Equities research analysts expect Equifax, Inc. (NYSE:EFX) to post $855.52 million in sales for the current fiscal quarter, according to Zacks. 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 firm is expected to announce its next quarterly earnings report on Wednesday, October 25th.
According to Zacks, 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 forecast that the firm will post sales of $3.64 billion per share, with estimates ranging from $3.58 billion to $3.68 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Equifax.
Equifax (NYSE:EFX) last posted its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $1.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.03. Equifax had a return on equity of 24.88% and a net margin of 17.44%. The firm had revenue of $856.70 million during the quarter, compared to the consensus estimate of $860.48 million. During the same period in the prior year, the company earned $1.43 EPS. The firm’s revenue was up 5.6% compared to the same quarter last year.
A number of equities research analysts have recently commented on the company. Cowen and Company reiterated a “buy” rating and set a $151.00 price objective on shares of Equifax in a research report on Friday, July 28th. Deutsche Bank AG reiterated a “buy” rating and set a $160.00 price objective (up previously from $140.00) on shares of Equifax in a research report on Thursday, July 27th. BidaskClub upgraded Equifax from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Royal Bank Of Canada reiterated a “buy” rating on shares of Equifax in a research report on Wednesday, August 9th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $144.00 price objective (up previously from $142.00) on shares of Equifax in a research report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $145.45.
In related news, insider Rodolfo O. Ploder sold 1,719 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $145.70, for a total transaction of $250,458.30. Following the completion of the sale, the insider now directly owns 43,648 shares in the company, valued at $6,359,513.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Joseph Michael Loughran III sold 4,000 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $146.02, for a total value of $584,080.00. Following the sale, the insider now owns 42,723 shares of the company’s stock, valued at $6,238,412.46. The disclosure for this sale can be found here. Insiders sold 12,219 shares of company stock valued at $1,780,938 in the last 90 days. Corporate insiders own 1.29% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. IFP Advisors Inc raised 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 in the last quarter. YorkBridge Wealth Partners LLC raised 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 in the last quarter. Sun Life Financial INC raised its stake in shares of Equifax by 9,722.2% in the second quarter. Sun Life Financial INC now owns 884 shares of the credit services provider’s stock valued at $121,000 after buying an additional 875 shares in the last quarter. ETF Managers Group LLC purchased a new stake in shares of Equifax during the second quarter valued at about $137,000. Finally, SNS Financial Group LLC purchased a new stake in shares of Equifax during the second quarter valued at about $200,000. Institutional investors and hedge funds own 89.63% of the company’s stock.
Equifax (NYSE EFX) traded up 0.23% on Friday, reaching $140.70. The company had a trading volume of 304,007 shares. The company’s 50-day moving average is $142.35 and its 200-day moving average is $137.22. The company has a market capitalization of $16.94 billion, a PE ratio of 29.80 and a beta of 0.91. Equifax has a 52-week low of $110.87 and a 52-week high of $147.02.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be issued a $0.39 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.11%. Equifax’s payout ratio is currently 33.05%.
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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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