Brokerages Anticipate Equifax Inc. (NYSE:EFX) Will Announce Quarterly Sales of $1.12 Billion


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Analysts expect Equifax Inc. (NYSE:EFX) to announce $1.12 billion in sales for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Equifax’s earnings, with the highest sales estimate coming in at $1.14 billion and the lowest estimate coming in at $1.11 billion. Equifax posted sales of $957.90 million during the same quarter last year, which suggests a positive year over year growth rate of 16.9%. The business is expected to issue its next quarterly earnings report on Monday, April 19th.

On average, analysts expect that Equifax will report full-year sales of $4.45 billion for the current financial year, with estimates ranging from $4.43 billion to $4.47 billion. For the next year, analysts anticipate that the business will report sales of $4.72 billion, with estimates ranging from $4.57 billion to $4.79 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that follow Equifax.

Equifax (NYSE:EFX) last issued its earnings results on Wednesday, February 10th. The credit services provider reported $2.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.83 by $0.17. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.08 billion. Equifax had a return on equity of 29.20% and a net margin of 11.29%. The business’s revenue was up 23.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.53 earnings per share.

A number of research firms recently issued reports on EFX. Barclays upgraded Equifax from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $200.00 to $210.00 in a research note on Tuesday, December 8th. Stifel Nicolaus upgraded Equifax from a “hold” rating to a “buy” rating and set a $240.00 price objective on the stock in a research note on Friday, December 11th. They noted that the move was a valuation call. Atlantic Securities upgraded Equifax from a “neutral” rating to an “overweight” rating and set a $228.00 target price on the stock in a research note on Tuesday, December 15th. Needham & Company LLC upped their target price on Equifax from $210.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, February 11th. Finally, Morgan Stanley upped their target price on Equifax from $184.00 to $201.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 6th. Eight research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $179.22.

Shares of NYSE:EFX traded up $1.94 during midday trading on Tuesday, reaching $171.87. 1,330,865 shares of the company traded hands, compared to its average volume of 747,516. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.10. Equifax has a 12 month low of $103.01 and a 12 month high of $196.47. The firm has a market capitalization of $20.91 billion, a price-to-earnings ratio of 47.87, a price-to-earnings-growth ratio of 2.23 and a beta of 1.32. The firm’s fifty day moving average price is $179.72 and its two-hundred day moving average price is $169.80.

The business also recently announced a quarterly dividend, which will be paid on Monday, March 15th. Investors of record on Monday, February 22nd will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.91%. The ex-dividend date is Friday, February 19th. Equifax’s dividend payout ratio is presently 27.76%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Los Angeles Capital Management & Equity Research Inc. bought a new position in Equifax during the 3rd quarter valued at approximately $1,052,000. Aperio Group LLC raised its position in Equifax by 1.9% during the 4th quarter. Aperio Group LLC now owns 50,356 shares of the credit services provider’s stock valued at $9,711,000 after purchasing an additional 946 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in Equifax during the 3rd quarter valued at approximately $1,268,000. Strs Ohio raised its position in Equifax by 545.2% during the 3rd quarter. Strs Ohio now owns 9,787 shares of the credit services provider’s stock valued at $1,535,000 after purchasing an additional 8,270 shares during the last quarter. Finally, IBM Retirement Fund raised its position in Equifax by 13.9% during the 4th quarter. IBM Retirement Fund now owns 4,478 shares of the credit services provider’s stock valued at $864,000 after purchasing an additional 547 shares during the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.

About Equifax

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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