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 $7.22-7.47 for the period, compared to the consensus earnings per share estimate of $7.38. The company issued revenue guidance of $5.69-5.75 billion, compared to the consensus revenue estimate of $5.72 billion. Equifax also updated its Q3 guidance to $1.75-1.85 EPS.

Equifax Stock Down 2.0 %

NYSE:EFX traded down $5.35 on Wednesday, hitting $259.25. 903,633 shares of the company’s stock traded hands, compared to its average volume of 820,366. Equifax has a 1 year low of $159.95 and a 1 year high of $275.10. The firm has a 50-day moving average price of $241.24 and a 200-day moving average price of $246.54. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.04. The company has a market cap of $32.05 billion, a PE ratio of 58.22, a price-to-earnings-growth ratio of 1.84 and a beta of 1.56.

Equifax (NYSE:EFX) last released its quarterly earnings data on Thursday, April 18th. The credit services provider reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.06. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.40 billion. Equifax had a return on equity of 19.08% and a net margin of 10.42%. The company’s revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.43 EPS. Equities analysts anticipate that Equifax will post 7.38 EPS for the current fiscal year.

Equifax Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Friday, May 24th were paid a $0.39 dividend. The ex-dividend date was Thursday, May 23rd. This represents a $1.56 annualized dividend and a dividend yield of 0.60%. Equifax’s dividend payout ratio (DPR) is presently 34.74%.

Analyst Ratings Changes

EFX has been the topic of a number of analyst reports. Needham & Company LLC reaffirmed a buy rating and set a $305.00 price objective on shares of Equifax in a report on Thursday, April 18th. The Goldman Sachs Group decreased their price objective on Equifax from $276.00 to $241.00 and set a neutral rating for the company in a report on Friday, April 19th. Robert W. Baird decreased their target price on Equifax from $275.00 to $260.00 and set an outperform rating for the company in a research report on Friday, April 19th. JPMorgan Chase & Co. lowered their target price on Equifax from $290.00 to $273.00 and set an overweight rating on the stock in a research report on Friday, April 19th. Finally, Oppenheimer cut their price objective on Equifax from $291.00 to $272.00 and set an outperform rating for the company in a research report on Friday, April 19th. Four research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, Equifax presently has an average rating of Moderate Buy and an average target price of $270.47.

Insider Activity

In other news, Director Karen L. Fichuk bought 415 shares of the stock in a transaction dated Thursday, May 9th. The shares were acquired at an average cost of $238.77 per share, with a total value of $99,089.55. Following the purchase, the director now directly owns 3,305 shares in the company, valued at approximately $789,134.85. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Equifax news, CFO John W. Gamble, Jr. sold 3,650 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $229.24, for a total transaction of $836,726.00. Following the completion of the sale, the chief financial officer now owns 62,219 shares of the company’s stock, valued at $14,263,083.56. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Karen L. Fichuk purchased 415 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was acquired at an average cost of $238.77 per share, with a total value of $99,089.55. Following the completion of the acquisition, the director now directly owns 3,305 shares in the company, valued at approximately $789,134.85. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 83,635 shares of company stock valued at $18,969,282. 1.57% of the stock is currently owned by 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.