Equifax (NYSE:EFX) Updates FY24 Earnings Guidance

Equifax (NYSE:EFX) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share guidance of $7.20-7.50 for the period, compared to the consensus earnings per share 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.

Wall Street Analyst Weigh In

EFX has been the subject of several research analyst reports. Truist Financial raised their price target on Equifax from $270.00 to $285.00 and gave the stock a buy rating in a research report on Friday, February 9th. Evercore ISI upgraded Equifax from an in-line rating to an outperform rating and raised their price target for the stock from $210.00 to $310.00 in a research report on Tuesday, February 13th. Redburn Atlantic lowered 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. TheStreet upgraded Equifax from a c+ rating to a b- rating in a research report on Friday, December 29th. Finally, The Goldman Sachs Group lowered their price target on Equifax from $276.00 to $241.00 and set a neutral rating for the company in a research report on Friday. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, Equifax has a consensus rating of Moderate Buy and an average target price of $266.35.

Equifax Stock Down 0.6 %

Shares of NYSE EFX opened at $216.20 on Friday. The company has a market capitalization of $26.86 billion, a price-to-earnings ratio of 48.15, a price-to-earnings-growth ratio of 1.76 and a beta of 1.51. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.73 and a quick ratio of 0.67. The business has a 50-day moving average of $257.79 and a two-hundred day moving average of $231.21. Equifax has a 1 year low of $159.95 and a 1 year high of $275.10.

Equifax (NYSE:EFX) last announced its quarterly earnings results on Thursday, April 18th. The credit services provider reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.06. Equifax had a return on equity of 19.08% and a net margin of 10.42%. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the previous year, the business earned $1.43 EPS. Equifax’s revenue for the quarter was up 6.7% on a year-over-year basis. On average, analysts forecast that Equifax will post 7.34 earnings per share for the current fiscal year.

Equifax Dividend Announcement

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

Institutional Trading of Equifax

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. increased its position in Equifax by 29.5% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 3,516 shares of the credit services provider’s stock valued at $834,000 after acquiring an additional 801 shares during the period. American Century Companies Inc. increased its position in Equifax by 9.9% during the 1st quarter. American Century Companies Inc. now owns 4,944 shares of the credit services provider’s stock worth $1,172,000 after purchasing an additional 444 shares during the period. Private Advisor Group LLC boosted its stake in shares of Equifax by 14.1% during the 1st quarter. Private Advisor Group LLC now owns 1,830 shares of the credit services provider’s stock worth $434,000 after acquiring an additional 226 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Equifax by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 439,028 shares of the credit services provider’s stock worth $104,100,000 after acquiring an additional 8,662 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Equifax by 0.8% during the 1st quarter. Sei Investments Co. now owns 17,409 shares of the credit services provider’s stock worth $4,141,000 after acquiring an additional 134 shares in the last quarter. Institutional investors and hedge funds own 96.20% of the company’s stock.

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.