Equifax (NYSE:EFX) Releases Q3 Earnings Guidance

Equifax (NYSE:EFX) updated its third quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.62-1.72 for the period, compared to the Thomson Reuters consensus estimate of $1.66. The company issued revenue guidance of $1.16-1.18 billion, compared to the consensus revenue estimate of $1.14 billion.Equifax also updated its FY 2021 guidance to $7.250-$7.450 EPS.

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada upped their target price on shares of Equifax from $259.00 to $270.00 and gave the stock a sector perform rating in a report on Thursday. Morgan Stanley upped their price objective on shares of Equifax from $201.00 to $220.00 and gave the company an equal weight rating in a report on Friday, April 23rd. Needham & Company LLC upped their price objective on shares of Equifax from $260.00 to $288.00 and gave the company a buy rating in a report on Thursday. TheStreet raised shares of Equifax from a c+ rating to a b rating in a report on Wednesday, April 21st. Finally, Barclays upped their price objective on shares of Equifax from $210.00 to $270.00 and gave the company an overweight rating in a report on Wednesday, April 28th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Equifax currently has an average rating of Buy and a consensus price target of $205.96.

NYSE EFX traded down $6.27 during trading hours on Thursday, reaching $248.77. The company had a trading volume of 14,247 shares, compared to its average volume of 623,039. The firm has a 50-day moving average price of $238.44. Equifax has a 1-year low of $135.98 and a 1-year high of $257.89. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.71 and a quick ratio of 0.71. The company has a market capitalization of $30.28 billion, a PE ratio of 51.36, a P/E/G ratio of 2.59 and a beta of 1.42.

Equifax (NYSE:EFX) last posted its earnings results on Tuesday, July 20th. The credit services provider reported $1.98 EPS for the quarter, beating the Zacks’ consensus estimate of $1.71 by $0.27. Equifax had a net margin of 13.60% and a return on equity of 29.81%. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the prior year, the company posted $1.60 earnings per share. Equifax’s revenue for the quarter was up 25.6% compared to the same quarter last year. As a group, research analysts forecast that Equifax will post 7.07 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 15th. Shareholders of record on Tuesday, May 25th were given a $0.39 dividend. The ex-dividend date was Monday, May 24th. This represents a $1.56 dividend on an annualized basis and a yield of 0.63%. Equifax’s payout ratio is currently 22.38%.

In other Equifax news, insider Sid Singh sold 9,186 shares of the company’s stock in a transaction dated Wednesday, May 5th. The shares were sold at an average price of $237.91, for a total value of $2,185,441.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.03% 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), Workforce Solutions, International, 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 services; financial marketing; and identity management services.

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Earnings History and Estimates for Equifax (NYSE:EFX)

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