Q3 2024 Earnings Estimate for Equifax Inc. Issued By Zacks Research (NYSE:EFX)

Equifax Inc. (NYSE:EFX) – Analysts at Zacks Research lowered their Q3 2024 earnings estimates for shares of Equifax in a report released on Monday, April 22nd. Zacks Research analyst S. Goswami now forecasts that the credit services provider will post earnings per share of $1.96 for the quarter, down from their prior forecast of $2.00. The consensus estimate for Equifax’s current full-year earnings is $7.36 per share. Zacks Research also issued estimates for Equifax’s Q4 2024 earnings at $2.09 EPS, FY2024 earnings at $7.27 EPS and FY2026 earnings at $10.85 EPS.

Other research analysts have also issued research reports about the stock. Evercore ISI upgraded shares of Equifax from an “in-line” rating to an “outperform” rating and raised their price target for the company from $210.00 to $310.00 in a report on Tuesday, February 13th. TheStreet upgraded shares of Equifax from a “c+” rating to a “b-” rating in a research note on Friday, December 29th. Bank of America dropped their price objective 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. Oppenheimer dropped their price objective on shares of Equifax from $291.00 to $272.00 and set an “outperform” rating on the stock in a research note on Friday, April 19th. Finally, Robert W. Baird dropped their price objective on shares of Equifax from $275.00 to $260.00 and set an “outperform” rating on the stock in a research note on Friday, April 19th. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, Equifax has a consensus rating of “Moderate Buy” and a consensus price target of $270.19.

Equifax Trading Up 0.6 %

NYSE EFX opened at $225.77 on Thursday. Equifax has a one year low of $159.95 and a one year high of $275.10. The company’s 50 day moving average price is $256.09 and its 200 day moving average price is $232.46. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.67 and a current ratio of 0.73. The firm has a market capitalization of $27.91 billion, a price-to-earnings ratio of 50.28, a PEG ratio of 1.94 and a beta of 1.51.

Equifax (NYSE:EFX) last issued 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 for the quarter, compared to analyst estimates of $1.40 billion. During the same period last year, the company posted $1.43 EPS. The business’s quarterly revenue was up 6.7% on a year-over-year basis.

Equifax Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 23rd were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend was Thursday, February 22nd. Equifax’s dividend payout ratio is presently 34.74%.

Hedge Funds Weigh In On Equifax

A number of hedge funds have recently added to or reduced their stakes in EFX. CWM LLC boosted its holdings in Equifax by 8.3% in the third quarter. CWM LLC now owns 904 shares of the credit services provider’s stock worth $166,000 after purchasing an additional 69 shares during the period. AE Wealth Management LLC boosted its holdings in Equifax by 9.7% in the third quarter. AE Wealth Management LLC now owns 4,405 shares of the credit services provider’s stock worth $807,000 after purchasing an additional 389 shares during the period. Impact Partnership Wealth LLC acquired a new position in shares of Equifax during the third quarter valued at $44,000. DAVENPORT & Co LLC boosted its holdings in shares of Equifax by 8.2% during the third quarter. DAVENPORT & Co LLC now owns 1,974 shares of the credit services provider’s stock valued at $362,000 after acquiring an additional 150 shares during the period. Finally, Meridian Wealth Management LLC boosted its holdings in shares of Equifax by 100.5% during the third quarter. Meridian Wealth Management LLC now owns 2,196 shares of the credit services provider’s stock valued at $402,000 after acquiring an additional 1,101 shares during the period. 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.