Brokerages expect Equifax Inc. (NYSE:EFX) to post sales of $857.51 million for the current quarter, according to Zacks. Seven analysts have issued estimates for Equifax’s earnings, with the highest sales estimate coming in at $860.98 million and the lowest estimate coming in at $854.13 million. Equifax reported sales of $834.80 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.7%. The firm is scheduled to announce its next quarterly earnings report after the market closes on Wednesday, October 24th.
On average, analysts expect that Equifax will report full-year sales of $3.47 billion for the current year, with estimates ranging from $3.45 billion to $3.47 billion. For the next year, analysts expect that the firm will report sales of $3.66 billion, with estimates ranging from $3.63 billion to $3.70 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Equifax.
Equifax (NYSE:EFX) last issued its earnings results on Wednesday, July 25th. The credit services provider reported $1.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.02. The business had revenue of $876.90 million during the quarter, compared to analysts’ expectations of $886.00 million. Equifax had a return on equity of 22.03% and a net margin of 14.76%. Equifax’s revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.60 earnings per share.
Several brokerages have recently commented on EFX. Zacks Investment Research cut Equifax from a “hold” rating to a “sell” rating in a research report on Wednesday, June 27th. Morgan Stanley set a $126.00 target price on Equifax and gave the stock a “hold” rating in a research report on Monday, October 15th. ValuEngine cut Equifax from a “hold” rating to a “sell” rating in a research report on Thursday, July 26th. Wells Fargo & Co raised their target price on Equifax from $140.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, October 1st. Finally, JPMorgan Chase & Co. increased their price objective on Equifax from $135.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. Equifax presently has an average rating of “Hold” and a consensus target price of $129.30.
Shares of Equifax stock opened at $123.56 on Friday. The firm has a market capitalization of $14.96 billion, a PE ratio of 20.70, a price-to-earnings-growth ratio of 2.83 and a beta of 0.88. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.80. Equifax has a 12 month low of $105.31 and a 12 month high of $138.69.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Qube Research & Technologies Ltd increased its stake in shares of Equifax by 1,375.6% in the second quarter. Qube Research & Technologies Ltd now owns 1,151 shares of the credit services provider’s stock worth $144,000 after purchasing an additional 1,073 shares during the period. Valeo Financial Advisors LLC bought a new position in shares of Equifax in the second quarter worth about $158,000. Piedmont Investment Advisors LLC bought a new position in shares of Equifax in the second quarter worth about $175,000. Deroy & Devereaux Private Investment Counsel Inc. bought a new position in shares of Equifax in the second quarter worth about $200,000. Finally, FineMark National Bank & Trust bought a new position in shares of Equifax in the second quarter worth about $200,000. Institutional investors own 92.26% of the company’s stock.
Equifax Company Profile
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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