Equifax (NYSE:EFX) Updates Q4 2024 Earnings Guidance

Equifax (NYSE:EFX) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 2.080-2.180 for the period, compared to the consensus earnings per share estimate of 1.830. The company issued revenue guidance of $1.4 billion-$1.5 billion, compared to the consensus revenue estimate of $1.4 billion. Equifax also updated its FY 2024 guidance to 7.250-7.350 EPS.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Bank of America boosted their price target on shares of Equifax from $255.00 to $286.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Stifel Nicolaus increased their target price on Equifax from $265.00 to $305.00 and gave the company a “buy” rating in a report on Friday, July 19th. Citigroup lifted their price target on Equifax from $263.00 to $304.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Needham & Company LLC upped their price target on Equifax from $305.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Finally, BNP Paribas upgraded Equifax from an “underperform” rating to a “neutral” rating and set a $310.00 price objective for the company in a research report on Thursday, September 19th. Four research analysts have rated the stock with a hold rating and sixteen have issued 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 $307.74.

Equifax Price Performance

NYSE EFX opened at $289.95 on Thursday. The stock’s 50-day moving average is $294.89 and its two-hundred day moving average is $262.68. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.79 and a quick ratio of 0.79. Equifax has a fifty-two week low of $159.95 and a fifty-two week high of $309.63. The firm has a market cap of $35.84 billion, a P/E ratio of 64.58, a price-to-earnings-growth ratio of 2.00 and a beta of 1.58.

Equifax (NYSE:EFX) last announced its quarterly earnings results on Wednesday, October 16th. The credit services provider reported $1.85 EPS for the quarter, beating the consensus estimate of $1.84 by $0.01. Equifax had a return on equity of 18.88% and a net margin of 10.67%. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter last year, the company posted $1.76 earnings per share. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, analysts anticipate that Equifax will post 7.36 earnings per share for the current fiscal year.

Equifax Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Tuesday, September 3rd. Equifax’s dividend payout ratio (DPR) is 34.74%.

Insider Activity

In related news, EVP Carla Chaney sold 3,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $281.85, for a total transaction of $845,550.00. Following the completion of the transaction, the executive vice president now owns 10,875 shares of the company’s stock, valued at approximately $3,065,118.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.57% of the stock is currently owned by company insiders.

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.