Equities research analysts forecast that Equifax Inc. (NYSE:EFX) will post $858.07 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Equifax’s earnings, with estimates ranging from $855.38 million to $860.98 million. Equifax reported sales of $834.80 million during the same quarter last year, which indicates a positive year-over-year growth rate of 2.8%. The business is scheduled to issue its next earnings results on Thursday, November 8th.
According to Zacks, analysts expect that Equifax will report full year sales of $3.47 billion for the current year, with estimates ranging from $3.46 billion to $3.47 billion. For the next year, analysts forecast that the company will post sales of $3.66 billion per share, with estimates ranging from $3.63 billion to $3.70 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Equifax.
Equifax (NYSE:EFX) last released its quarterly earnings data on Wednesday, July 25th. The credit services provider reported $1.56 EPS for the quarter, beating the consensus estimate of $1.54 by $0.02. Equifax had a return on equity of 22.03% and a net margin of 14.76%. The company had revenue of $876.90 million for the quarter, compared to analyst estimates of $886.00 million. During the same period last year, the company posted $1.60 earnings per share. The firm’s revenue was up 2.4% compared to the same quarter last year.
Several research analysts have commented on the company. Morgan Stanley reissued a “hold” rating and issued a $127.00 price objective on shares of Equifax in a research report on Thursday. ValuEngine raised Equifax from a “hold” rating to a “buy” rating in a research report on Tuesday, September 11th. JPMorgan Chase & Co. raised their price objective on Equifax from $135.00 to $150.00 and gave the company an “overweight” rating in a research report on Friday, July 27th. Finally, Zacks Investment Research raised Equifax from a “sell” rating to a “hold” rating in a research report on Friday, July 20th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $124.31.
NYSE:EFX opened at $136.68 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.40 and a current ratio of 1.40. Equifax has a 12 month low of $90.72 and a 12 month high of $137.00. The stock has a market capitalization of $16.33 billion, a price-to-earnings ratio of 22.89, a P/E/G ratio of 3.09 and a beta of 0.86.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Friday, August 24th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Thursday, August 23rd. This represents a $1.56 annualized dividend and a dividend yield of 1.14%. Equifax’s dividend payout ratio is presently 26.13%.
Several institutional investors have recently made changes to their positions in EFX. Atria Investments LLC grew its stake in Equifax by 7.5% in the second quarter. Atria Investments LLC now owns 6,216 shares of the credit services provider’s stock worth $778,000 after purchasing an additional 436 shares in the last quarter. CIBC Asset Management Inc grew its stake in Equifax by 3.8% in the second quarter. CIBC Asset Management Inc now owns 11,906 shares of the credit services provider’s stock worth $1,490,000 after purchasing an additional 436 shares in the last quarter. Homrich & Berg grew its stake in Equifax by 8.6% in the second quarter. Homrich & Berg now owns 5,502 shares of the credit services provider’s stock worth $688,000 after purchasing an additional 438 shares in the last quarter. Butensky & Cohen Financial Security Inc. grew its stake in Equifax by 4.1% in the second quarter. Butensky & Cohen Financial Security Inc. now owns 11,375 shares of the credit services provider’s stock worth $1,423,000 after purchasing an additional 450 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in Equifax by 2.5% in the second quarter. Victory Capital Management Inc. now owns 19,136 shares of the credit services provider’s stock worth $2,394,000 after purchasing an additional 463 shares in the last quarter. Institutional investors own 92.58% of the company’s stock.
Equifax Inc provides information solutions and human resources business process outsourcing services for businesses, governments, and consumers. The company operates through four segments: U.S. Information Solutions (USIS), International, Workforce Solutions, and Global Consumer Solutions. The USIS segment offers consumer and commercial information services, such as credit information and credit scoring, credit modeling and portfolio analytics, locate, fraud detection and prevention, identity verification, and other consulting; mortgage loan origination information; financial marketing; and identity management services.
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