Equifax (EFX) to Release Quarterly Earnings on Wednesday

Equifax (NYSE:EFX) will be posting its quarterly earnings results after the market closes on Wednesday, October 16th. Analysts expect Equifax to post earnings of $1.82 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Equifax (NYSE:EFX) last posted its quarterly earnings data on Wednesday, July 17th. The credit services provider reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.09. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Equifax had a net margin of 10.67% and a return on equity of 18.88%. Equifax’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.71 earnings per share. On average, analysts expect Equifax to post $7 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Equifax Stock Performance

NYSE:EFX opened at $286.34 on Wednesday. Equifax has a twelve month low of $159.95 and a twelve month high of $309.63. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.01. The stock’s 50-day simple moving average is $294.01 and its 200 day simple moving average is $261.67. The firm has a market capitalization of $35.39 billion, a PE ratio of 63.77, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58.

Equifax Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd were paid a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.54%. Equifax’s payout ratio is currently 34.74%.

Wall Street Analyst Weigh In

Several brokerages recently commented on EFX. Barclays increased their price objective on shares of Equifax from $300.00 to $380.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Morgan Stanley raised their price objective on Equifax from $250.00 to $271.00 and gave the company an “equal weight” rating in a report on Thursday, September 12th. Stifel Nicolaus increased their target price on Equifax from $265.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Needham & Company LLC boosted their price target on Equifax from $305.00 to $320.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Finally, Bank of America upped their price objective on Equifax from $255.00 to $286.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Four equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $307.74.

Insiders Place Their Bets

In other Equifax news, EVP Carla Chaney sold 3,000 shares of Equifax stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $281.85, for a total value of $845,550.00. Following the completion of the sale, the executive vice president now directly owns 10,875 shares of the company’s stock, valued at approximately $3,065,118.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.57% of the stock is currently owned by corporate insiders.

About Equifax

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.