Equifax (NYSE:EFX) Releases Q3 2024 Earnings Guidance

Equifax (NYSE:EFX) issued an update on its third quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 1.750-1.850 for the period, compared to the consensus estimate of 2.010. The company issued revenue guidance of $1.4 billion-$1.4 billion, compared to the consensus revenue estimate of $1.5 billion. Equifax also updated its FY 2024 guidance to 7.220-7.470 EPS.

Equifax Trading Down 2.0 %

Shares of NYSE:EFX traded down $5.35 on Wednesday, hitting $259.25. 903,633 shares of the company’s stock were exchanged, compared to its average volume of 820,366. Equifax has a 12 month low of $159.95 and a 12 month high of $275.10. The stock has a market capitalization of $32.05 billion, a price-to-earnings ratio of 58.22, a price-to-earnings-growth ratio of 1.84 and a beta of 1.56. The business’s 50 day simple moving average is $241.24 and its two-hundred day simple moving average is $246.54. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.73 and a quick ratio of 0.73.

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

Equifax Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Stockholders of record on Friday, May 24th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $1.56 annualized dividend and a dividend yield of 0.60%. Equifax’s dividend payout ratio is currently 34.74%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Wolfe Research assumed coverage on Equifax in a research note on Tuesday, July 9th. They issued an outperform rating and a $275.00 target price on the stock. Bank of America decreased their target price on Equifax from $300.00 to $255.00 and set a buy rating for the company in a report on Friday, April 19th. The Goldman Sachs Group decreased their target price on Equifax from $276.00 to $241.00 and set a neutral rating for the company in a report on Friday, April 19th. JPMorgan Chase & Co. decreased their target price on Equifax from $290.00 to $273.00 and set an overweight rating for the company in a report on Friday, April 19th. Finally, Needham & Company LLC reaffirmed a buy rating and set a $305.00 target price on shares of Equifax in a report on Thursday, April 18th. Four investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $270.47.

Insider Buying and Selling

In other Equifax news, EVP Carla Chaney sold 5,178 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $238.63, for a total value of $1,235,626.14. Following the completion of the sale, the executive vice president now directly owns 16,884 shares in the company, valued at approximately $4,029,028.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Mark W. Begor sold 58,300 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $225.45, for a total value of $13,143,735.00. Following the transaction, the chief executive officer now owns 109,220 shares of the company’s stock, valued at approximately $24,623,649. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Carla Chaney sold 5,178 shares of the stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $238.63, for a total value of $1,235,626.14. Following the transaction, the executive vice president now directly owns 16,884 shares in the company, valued at approximately $4,029,028.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 83,635 shares of company stock worth $18,969,282. 1.57% of the stock is owned by corporate 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.