$824.91 Million in Sales Expected for Equifax, Inc. (EFX) This Quarter

Brokerages predict that Equifax, Inc. (NYSE:EFX) will report $824.91 million in sales for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Equifax’s earnings, with estimates ranging from $812.48 million to $828.89 million. Equifax reported sales of $801.10 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 3%. The company is scheduled to issue its next earnings results on Wednesday, February 14th.

On average, analysts expect that Equifax will report full-year sales of $824.91 million for the current fiscal year, with estimates ranging from $3.34 billion to $3.35 billion. For the next fiscal year, analysts forecast that the company will post sales of $3.42 billion per share, with estimates ranging from $3.34 billion to $3.49 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Equifax.

Equifax (NYSE:EFX) last issued its earnings results on Thursday, November 9th. The credit services provider reported $1.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.04. The company had revenue of $834.80 million during the quarter, compared to analyst estimates of $847.28 million. Equifax had a return on equity of 24.45% and a net margin of 16.18%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the business posted $1.44 EPS.

Several equities research analysts have weighed in on EFX shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $149.00 price target on shares of Equifax in a research report on Friday, September 8th. Zacks Investment Research raised Equifax from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 14th. Royal Bank of Canada downgraded Equifax from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from $109.40 to $113.00 in a research report on Monday, October 23rd. Morgan Stanley cut their price target on Equifax from $144.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Friday, September 8th. Finally, Wells Fargo & Company set a $127.00 price target on Equifax and gave the stock a “buy” rating in a research report on Friday, October 6th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Equifax presently has a consensus rating of “Hold” and an average target price of $128.93.

Equifax (NYSE EFX) opened at $119.51 on Friday. The stock has a market capitalization of $14,192.18, a price-to-earnings ratio of 19.73, a P/E/G ratio of 1.99 and a beta of 0.94. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.67 and a quick ratio of 0.67. Equifax has a 52 week low of $89.59 and a 52 week high of $147.02.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 24th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend was Wednesday, November 22nd. Equifax’s payout ratio is 35.29%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. ETF Managers Group LLC purchased a new position in Equifax in the 2nd quarter worth approximately $137,000. YorkBridge Wealth Partners LLC lifted its stake in Equifax by 5.0% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 781 shares of the credit services provider’s stock worth $108,000 after purchasing an additional 37 shares in the last quarter. Sun Life Financial INC lifted its stake in Equifax by 9,722.2% in the 2nd quarter. Sun Life Financial INC now owns 884 shares of the credit services provider’s stock worth $121,000 after purchasing an additional 875 shares in the last quarter. IFP Advisors Inc lifted its stake in Equifax by 24.6% in the 2nd quarter. IFP Advisors Inc now owns 928 shares of the credit services provider’s stock worth $128,000 after purchasing an additional 183 shares in the last quarter. Finally, Valeo Financial Advisors LLC purchased a new position in Equifax in the 3rd quarter worth approximately $130,000. 95.45% of the stock is currently owned by institutional investors and hedge funds.

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About Equifax

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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Earnings History and Estimates for Equifax (NYSE:EFX)

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