Equifax (NYSE:EFX) Releases Q2 2024 Earnings Guidance

Equifax (NYSE:EFX) issued an update on its second quarter 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.650-1.750 for the period, compared to the consensus EPS estimate of 1.870. The company issued revenue guidance of $1.4 billion-$1.4 billion, compared to the consensus revenue estimate of $1.4 billion. Equifax also updated its FY 2024 guidance to 7.200-7.500 EPS.

Wall Street Analyst Weigh In

EFX has been the topic of a number of recent research reports. Evercore ISI upgraded shares of Equifax from an in-line rating to an outperform rating and boosted their price target for the stock from $210.00 to $310.00 in a research note on Tuesday, February 13th. TheStreet raised Equifax from a c+ rating to a b- rating in a report on Friday, December 29th. Oppenheimer increased their price target on Equifax from $273.00 to $291.00 and gave the stock an outperform rating in a report on Tuesday, April 9th. Stifel Nicolaus raised their target price on Equifax from $208.00 to $289.00 and gave the company a buy rating in a report on Tuesday, January 9th. Finally, Redburn Atlantic cut Equifax from a buy rating to a neutral rating and set a $272.00 price target for the company. in a research report on Thursday, January 11th. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $267.00.

Equifax Stock Performance

Shares of EFX stock traded down $0.89 during trading hours on Wednesday, reaching $237.68. The stock had a trading volume of 1,566,536 shares, compared to its average volume of 787,436. The firm has a market capitalization of $29.53 billion, a PE ratio of 54.02, a price-to-earnings-growth ratio of 1.91 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. The firm has a 50-day simple moving average of $259.23 and a 200-day simple moving average of $231.00. Equifax has a twelve month low of $159.95 and a twelve month high of $275.10.

Equifax (NYSE:EFX) last posted its quarterly earnings data on Wednesday, April 17th. The credit services provider reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.06. Equifax had a net margin of 10.36% and a return on equity of 19.40%. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter last year, the firm posted $1.43 EPS. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. As a group, equities analysts forecast that Equifax will post 7.53 earnings per share for the current year.

Equifax Dividend Announcement

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

Institutional Trading of Equifax

A number of institutional investors and hedge funds have recently modified their holdings of the stock. American Trust bought a new stake in shares of Equifax during the 4th quarter worth approximately $216,000. UniSuper Management Pty Ltd bought a new position in Equifax during the 2nd quarter worth $212,000. Meridian Wealth Management LLC bought a new position in Equifax during the 4th quarter worth $209,000. GSB Wealth Management LLC bought a new position in Equifax during the 4th quarter worth $208,000. Finally, Washington Trust Bank acquired a new stake in shares of Equifax during the 1st quarter worth $203,000. 96.20% of the stock is owned by institutional investors.

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.