Equifax, Inc. (EFX) to Release Quarterly Earnings on Tuesday
Equifax, Inc. (NYSE:EFX) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, October 24th. Analysts expect the company to announce earnings of $1.53 per share for the quarter. Equifax has set its Q3 guidance at $1.50-1.54 EPS and its FY17 guidance at $6.02-6.10 EPS.
Equifax (NYSE:EFX) last released its earnings results on Wednesday, July 26th. The credit services provider reported $1.60 EPS for the quarter, beating the consensus estimate of $1.57 by $0.03. Equifax had a net margin of 17.44% and a return on equity of 24.88%. The firm had revenue of $856.70 million for the quarter, compared to analyst estimates of $860.48 million. During the same period last year, the firm earned $1.43 EPS. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, analysts expect Equifax to post $5.97 EPS for the current fiscal year and $6.34 EPS for the next fiscal year.
Equifax, Inc. (EFX) opened at 108.70 on Tuesday. The company has a market capitalization of $13.08 billion, a price-to-earnings ratio of 23.02 and a beta of 0.88. Equifax, Inc. has a 12-month low of $89.59 and a 12-month high of $147.02. The firm has a 50-day moving average of $114.72 and a 200 day moving average of $133.05.
In related news, insider Rodolfo O. Ploder sold 1,719 shares of Equifax stock in a transaction 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 $6,359,513.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO John W. Gamble, Jr. sold 6,500 shares of Equifax stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $145.60, for a total transaction of $946,400.00. Following the completion of the sale, the chief financial officer now owns 42,078 shares in the company, valued at approximately $6,126,556.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,219 shares of company stock worth $1,780,938. 1.29% of the stock is currently owned by company insiders.
EFX has been the topic of a number of recent analyst reports. Cowen and Company reaffirmed a “buy” rating and issued a $151.00 target price on shares of Equifax in a research note on Friday, July 28th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $144.00 target price (up from $142.00) on shares of Equifax in a research note on Tuesday, July 18th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $149.00 target price on shares of Equifax in a research note on Friday, September 8th. Zacks Investment Research downgraded shares of Equifax from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Finally, BidaskClub downgraded shares of Equifax from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $130.27.
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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