Equifax (NYSE:EFX) Issues FY24 Earnings Guidance

Equifax (NYSE:EFX) updated its FY24 earnings guidance on Wednesday. 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 Q2 guidance to $1.65-1.75 EPS.

Equifax Trading Down 0.4 %

Shares of Equifax stock traded down $0.89 during trading on Wednesday, hitting $237.68. The company’s stock had a trading volume of 1,572,710 shares, compared to its average volume of 783,348. 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 52 week low of $159.95 and a 52 week high of $275.10. The stock has a market cap of $29.53 billion, a price-to-earnings ratio of 54.22, a price-to-earnings-growth ratio of 1.91 and a beta of 1.51. The stock has a 50-day moving average price of $259.23 and a two-hundred day moving average price of $231.00.

Equifax (NYSE:EFX) last issued its earnings results on Wednesday, February 7th. The credit services provider reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.07. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Equifax had a net margin of 10.36% and a return on equity of 19.40%. The firm’s revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.52 EPS. Equities research analysts anticipate that Equifax will post 7.53 EPS for the current fiscal year.

Equifax Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 23rd were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date was Thursday, February 22nd. Equifax’s payout ratio is 35.45%.

Analyst Ratings Changes

EFX has been the topic of a number of research reports. Evercore ISI raised shares of Equifax from an in-line rating to an outperform rating and lifted their target price for the company from $210.00 to $310.00 in a research note on Tuesday, February 13th. The Goldman Sachs Group lifted their target price on shares of Equifax from $195.00 to $222.00 and gave the company a neutral rating in a research note on Friday, December 29th. Redburn Atlantic lowered shares of Equifax from a buy rating to a neutral rating and set a $272.00 price objective on the stock. in a research note on Thursday, January 11th. Needham & Company LLC reissued a buy rating and set a $305.00 price objective on shares of Equifax in a research note on Friday, February 9th. Finally, Truist Financial boosted their price objective on shares of Equifax from $270.00 to $285.00 and gave the stock a buy rating in a research note on Friday, February 9th. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $267.00.

Hedge Funds Weigh In On Equifax

Hedge funds have recently modified their holdings of the company. Eagle Bay Advisors LLC bought a new position in shares of Equifax during the second quarter worth $29,000. Compass Wealth Management LLC purchased a new stake in Equifax during the fourth quarter valued at $53,000. Parkside Financial Bank & Trust raised its stake in Equifax by 91.4% during the first quarter. Parkside Financial Bank & Trust now owns 310 shares of the credit services provider’s stock valued at $74,000 after purchasing an additional 148 shares in the last quarter. Covestor Ltd raised its stake in Equifax by 59.0% during the first quarter. Covestor Ltd now owns 337 shares of the credit services provider’s stock valued at $80,000 after purchasing an additional 125 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in Equifax during the fourth quarter valued at $94,000. 96.20% of the stock is currently owned by institutional investors.

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.