Brokerages Expect Equifax, Inc. (EFX) Will Post Earnings of $1.49 Per Share
Wall Street brokerages forecast that Equifax, Inc. (NYSE:EFX) will announce $1.49 earnings per share for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Equifax’s earnings. The highest EPS estimate is $1.54 and the lowest is $1.43. Equifax posted earnings per share of $1.44 during the same quarter last year, which suggests a positive year over year growth rate of 3.5%. The company is expected to issue its next quarterly earnings report on Wednesday, October 25th.
According to Zacks, analysts expect that Equifax will report full-year earnings of $5.97 per share for the current financial year, with EPS estimates ranging from $5.83 to $6.10. For the next year, analysts anticipate that the business will post earnings of $6.19 per share, with EPS estimates ranging from $5.20 to $6.82. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Equifax.
Equifax (NYSE:EFX) last announced its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $1.60 earnings per share (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 company had revenue of $856.70 million during the quarter, compared to analysts’ expectations of $860.48 million. During the same quarter in the prior year, the company earned $1.43 EPS. Equifax’s revenue was up 5.6% compared to the same quarter last year.
EFX has been the subject of a number of recent research reports. Morgan Stanley lowered their price target on shares of Equifax from $144.00 to $140.00 and set an “equal weight” rating for the company in a report on Friday, September 8th. J P Morgan Chase & Co restated a “buy” rating on shares of Equifax in a report on Friday, September 8th. Cowen and Company restated a “buy” rating and issued a $151.00 target price on shares of Equifax in a report on Friday, July 28th. Deutsche Bank AG restated a “buy” rating and issued a $160.00 target price (up from $140.00) on shares of Equifax in a report on Thursday, July 27th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Equifax in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $130.27.
Shares of Equifax (NYSE:EFX) opened at 110.62 on Thursday. The company’s 50-day moving average is $112.78 and its 200 day moving average is $132.48. The stock has a market cap of $13.32 billion, a PE ratio of 23.43 and a beta of 0.87. Equifax has a 52 week low of $89.59 and a 52 week high of $147.02.
In other news, insider Rodolfo O. Ploder sold 1,719 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $145.70, for a total value 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 accessible through this link. Also, CFO John W. Gamble, Jr. sold 6,500 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $145.60, for a total value of $946,400.00. Following the completion of the sale, the chief financial officer now owns 42,078 shares of the company’s stock, valued at $6,126,556.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,219 shares of company stock valued at $1,780,938. 1.29% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its holdings in shares of Equifax by 7.0% during the 2nd quarter. BlackRock Inc. now owns 9,933,776 shares of the credit services provider’s stock valued at $1,365,099,000 after purchasing an additional 653,096 shares in the last quarter. Teachers Advisors LLC increased its position in shares of Equifax by 18.5% during the 2nd quarter. Teachers Advisors LLC now owns 480,790 shares of the credit services provider’s stock worth $66,070,000 after purchasing an additional 75,144 shares during the last quarter. Swiss National Bank increased its position in shares of Equifax by 3.2% during the 2nd quarter. Swiss National Bank now owns 437,845 shares of the credit services provider’s stock worth $60,169,000 after purchasing an additional 13,500 shares during the last quarter. Airain ltd increased its position in shares of Equifax by 166.0% during the 2nd quarter. Airain ltd now owns 12,161 shares of the credit services provider’s stock worth $1,671,000 after purchasing an additional 7,590 shares during the last quarter. Finally, HPM Partners LLC increased its position in shares of Equifax by 333.1% during the 2nd quarter. HPM Partners LLC now owns 6,825 shares of the credit services provider’s stock worth $528,000 after purchasing an additional 5,249 shares during the last quarter. Hedge funds and other institutional investors own 89.96% 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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