Equifax, Inc. (EFX) Expected to Post Quarterly Sales of $847.35 Million
Wall Street brokerages expect Equifax, Inc. (NYSE:EFX) to report $847.35 million in sales for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Equifax’s earnings, with the lowest sales estimate coming in at $835.30 million and the highest estimate coming in at $857.90 million. Equifax posted sales of $804.10 million during the same quarter last year, which would indicate a positive year over year growth rate of 5.4%. The firm is expected to issue its next quarterly earnings results on Wednesday, October 25th.
According to Zacks, analysts expect that Equifax will report full year sales of $847.35 million for the current year, with estimates ranging from $3.34 billion to $3.41 billion. For the next financial year, analysts forecast that the business will post sales of $3.50 billion per share, with estimates ranging from $3.37 billion to $3.68 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Equifax.
Equifax (NYSE:EFX) last announced its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $1.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.03. The company had revenue of $856.70 million during the quarter, compared to the consensus estimate of $860.48 million. Equifax had a return on equity of 24.88% and a net margin of 17.44%. Equifax’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.43 EPS.
Several analysts have recently weighed in on the company. Morgan Stanley lowered their target price on Equifax from $144.00 to $140.00 and set an “equal weight” rating for the company in a research note on Friday, September 8th. J P Morgan Chase & Co restated a “buy” rating on shares of Equifax in a research note on Friday, September 8th. Cowen and Company restated a “buy” rating and set a $151.00 target price on shares of Equifax in a research note on Friday, July 28th. Deutsche Bank AG restated a “buy” rating and set a $160.00 target price (up from $140.00) on shares of Equifax in a research note on Thursday, July 27th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Equifax in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the stock. Equifax presently has a consensus rating of “Buy” and a consensus target price of $130.27.
In other Equifax news, CFO John W. Gamble, Jr. sold 6,500 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $145.60, for a total value of $946,400.00. Following the transaction, the chief financial officer now owns 42,078 shares of the company’s stock, valued at $6,126,556.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Rodolfo O. Ploder sold 1,719 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 43,648 shares in the company, valued at approximately $6,359,513.60. The disclosure for this sale can be found here. Insiders sold 12,219 shares of company stock worth $1,780,938 in the last three months. 1.29% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. lifted its holdings in Equifax by 7.0% in the second quarter. BlackRock Inc. now owns 9,933,776 shares of the credit services provider’s stock worth $1,365,099,000 after acquiring an additional 653,096 shares during the last quarter. Teachers Advisors LLC lifted its holdings in Equifax by 18.5% in the second quarter. Teachers Advisors LLC now owns 480,790 shares of the credit services provider’s stock worth $66,070,000 after acquiring an additional 75,144 shares during the last quarter. Swiss National Bank lifted its holdings in Equifax by 3.2% in the second quarter. Swiss National Bank now owns 437,845 shares of the credit services provider’s stock worth $60,169,000 after acquiring an additional 13,500 shares during the last quarter. Airain ltd lifted its holdings in Equifax by 166.0% in the second quarter. Airain ltd now owns 12,161 shares of the credit services provider’s stock worth $1,671,000 after acquiring an additional 7,590 shares during the last quarter. Finally, HPM Partners LLC lifted its holdings in Equifax by 333.1% in the second quarter. HPM Partners LLC now owns 6,825 shares of the credit services provider’s stock worth $528,000 after acquiring an additional 5,249 shares during the last quarter. 89.96% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Equifax (NYSE EFX) opened at 109.97 on Friday. The firm’s 50-day moving average price is $110.96 and its 200-day moving average price is $132.14. The stock has a market capitalization of $13.24 billion, a P/E ratio of 23.29 and a beta of 0.87. Equifax has a one year low of $89.59 and a one year high of $147.02.
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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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