Equifax (NYSE:EFX) Releases FY24 Earnings Guidance

Equifax (NYSE:EFX) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided EPS guidance of $7.20-7.50 for the period, compared to the consensus EPS estimate of $7.63. The company issued revenue guidance of $5.67-5.77 billion, compared to the consensus revenue estimate of $5.78 billion. Equifax also updated its FY 2024 guidance to 7.200-7.500 EPS.

Equifax Stock Performance

NYSE EFX opened at $217.51 on Friday. The company’s 50 day simple moving average is $258.45 and its two-hundred day simple moving average is $230.95. The stock has a market capitalization of $27.02 billion, a PE ratio of 48.44, a P/E/G ratio of 1.87 and a beta of 1.51. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.67 and a quick ratio of 0.67. Equifax has a 1 year low of $159.95 and a 1 year high of $275.10.

Equifax (NYSE:EFX) last announced its earnings results on Thursday, April 18th. The credit services provider reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.06. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.40 billion. Equifax had a return on equity of 19.33% and a net margin of 10.42%. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.43 EPS. Analysts predict that Equifax will post 7.53 earnings per share for the current fiscal year.

Equifax Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 23rd were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.72%. Equifax’s dividend payout ratio is 34.74%.

Analysts Set New Price Targets

EFX has been the subject of a number of research reports. Redburn Atlantic cut shares of Equifax from a buy rating to a neutral rating and set a $272.00 price objective for the company. in a research note on Thursday, January 11th. Needham & Company LLC reiterated a buy rating and set a $305.00 price target on shares of Equifax in a report on Thursday. TheStreet raised shares of Equifax from a c+ rating to a b- rating in a research note on Friday, December 29th. The Goldman Sachs Group raised their target price on Equifax from $195.00 to $222.00 and gave the stock a neutral rating in a research note on Friday, December 29th. Finally, Oppenheimer boosted their price objective on shares of Equifax from $273.00 to $291.00 and gave the company an outperform rating in a research report on Tuesday, April 9th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Equifax currently has an average rating of Moderate Buy and a consensus price target of $267.00.

Institutional Investors Weigh In On Equifax

A number of institutional investors have recently made changes to their positions in the company. American Trust bought a new stake in shares of Equifax in the 4th quarter worth $216,000. UniSuper Management Pty Ltd bought a new stake in Equifax in the 2nd quarter worth about $212,000. Meridian Wealth Management LLC bought a new position in Equifax during the 4th quarter valued at about $209,000. GSB Wealth Management LLC purchased a new stake in shares of Equifax during the 4th quarter valued at about $208,000. Finally, Washington Trust Bank bought a new stake in shares of Equifax in the first quarter worth approximately $203,000. Hedge funds and other institutional investors own 96.20% of the company’s stock.

Equifax Company Profile

Equifax Inc operates as a data, analytics, and technology company. The company operates through three segments: Workforce Solutions, U.S. Information Solutions (USIS), and International. The Workforce Solutions segment offers services that enables customers to verify income, employment, educational history, criminal justice data, healthcare professional licensure, and sanctions of people in the United States; and employer customers with services that assist them in complying with and automating payroll-related and human resource management processes throughout the entire cycle of the employment relationship.