Q2 2024 EPS Estimates for Equifax Inc. Cut by Analyst (NYSE:EFX)

Equifax Inc. (NYSE:EFX) – Stock analysts at Zacks Research reduced their Q2 2024 earnings per share estimates for shares of Equifax in a research report issued on Monday, April 22nd. Zacks Research analyst S. Goswami now forecasts that the credit services provider will earn $1.71 per share for the quarter, down from their prior estimate of $1.74. The consensus estimate for Equifax’s current full-year earnings is $7.38 per share. Zacks Research also issued estimates for Equifax’s Q1 2025 earnings at $1.96 EPS, Q2 2025 earnings at $2.26 EPS, Q3 2025 earnings at $2.34 EPS, Q4 2025 earnings at $2.32 EPS, FY2025 earnings at $8.88 EPS, Q1 2026 earnings at $2.50 EPS and FY2026 earnings at $9.88 EPS.

Several other analysts also recently issued reports on EFX. Truist Financial boosted their target price on shares of Equifax from $270.00 to $285.00 and gave the company a “buy” rating in a research note on Friday, February 9th. JPMorgan Chase & Co. dropped their price target on shares of Equifax from $290.00 to $273.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. TheStreet raised shares of Equifax from a “c+” rating to a “b-” rating in a research note on Friday, December 29th. The Goldman Sachs Group dropped their price target on shares of Equifax from $276.00 to $241.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. Finally, Bank of America dropped their price target on shares of Equifax from $300.00 to $255.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Equifax presently has a consensus rating of “Moderate Buy” and a consensus price target of $270.19.

Equifax Price Performance

Shares of NYSE:EFX opened at $224.46 on Wednesday. The company’s fifty day moving average is $256.58 and its two-hundred day moving average is $232.51. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.04. Equifax has a 12-month low of $159.95 and a 12-month high of $275.10. The company has a market cap of $27.88 billion, a P/E ratio of 49.99, a price-to-earnings-growth ratio of 1.74 and a beta of 1.51.

Equifax (NYSE:EFX) last announced its earnings results on Thursday, April 18th. The credit services provider reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.06. Equifax had a net margin of 10.42% and a return on equity of 19.08%. The company had revenue of $1.39 billion for 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. The company’s revenue was up 6.7% on a year-over-year basis.

Equifax Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 23rd were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date was Thursday, February 22nd. Equifax’s dividend payout ratio (DPR) is 34.74%.

Institutional Investors Weigh In On Equifax

A number of hedge funds have recently bought and sold shares of EFX. KB Financial Partners LLC bought a new stake in Equifax during the third quarter valued at about $25,000. Wetzel Investment Advisors Inc. bought a new stake in shares of Equifax in the fourth quarter valued at about $25,000. Geneos Wealth Management Inc. lifted its stake in shares of Equifax by 70.8% in the third quarter. Geneos Wealth Management Inc. now owns 193 shares of the credit services provider’s stock valued at $35,000 after buying an additional 80 shares during the period. Smithfield Trust Co lifted its stake in shares of Equifax by 55.5% in the third quarter. Smithfield Trust Co now owns 199 shares of the credit services provider’s stock valued at $36,000 after buying an additional 71 shares during the period. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in shares of Equifax in the fourth quarter valued at about $41,000. 96.20% of the stock is currently owned by institutional investors.

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.