Equifax Inc. to Post Q2 2024 Earnings of $1.72 Per Share, William Blair Forecasts (NYSE:EFX)

Equifax Inc. (NYSE:EFX) – Research analysts at William Blair reduced their Q2 2024 earnings per share estimates for Equifax in a report issued on Friday, April 19th. William Blair analyst A. Nicholas now expects that the credit services provider will earn $1.72 per share for the quarter, down from their prior forecast of $1.88. The consensus estimate for Equifax’s current full-year earnings is $7.38 per share. William Blair also issued estimates for Equifax’s Q1 2025 earnings at $1.92 EPS, Q2 2025 earnings at $2.17 EPS, Q3 2025 earnings at $2.39 EPS, Q4 2025 earnings at $2.56 EPS and FY2025 earnings at $9.05 EPS.

Equifax (NYSE:EFX) last released its quarterly earnings results on Thursday, April 18th. The credit services provider reported $1.50 EPS 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 analysts’ expectations of $1.40 billion. During the same quarter in the prior year, the business earned $1.43 earnings per share. The company’s quarterly revenue was up 6.7% compared to the same quarter last year.

Several other equities research analysts have also recently commented on the company. Redburn Atlantic cut Equifax from a “buy” rating to a “neutral” rating and set a $272.00 price target for the company. in a research note on Thursday, January 11th. The Goldman Sachs Group cut their price objective on Equifax from $276.00 to $241.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. TheStreet upgraded Equifax from a “c+” rating to a “b-” rating in a research report on Friday, December 29th. Truist Financial increased their price objective on Equifax from $270.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Finally, JPMorgan Chase & Co. cut their price objective on Equifax from $290.00 to $273.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, Equifax has an average rating of “Moderate Buy” and a consensus target price of $270.19.

Equifax Price Performance

Equifax stock opened at $224.46 on Monday. Equifax has a 12 month low of $159.95 and a 12 month high of $275.10. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.73 and a quick ratio of 0.67. The business has a 50 day simple moving average of $256.58 and a 200-day simple moving average of $232.51. The stock has a market capitalization of $27.88 billion, a PE ratio of 49.99, a price-to-earnings-growth ratio of 1.74 and a beta of 1.51.

Equifax Dividend Announcement

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

Institutional Trading of Equifax

A number of large investors have recently made changes to their positions in the stock. Wetzel Investment Advisors Inc. purchased a new position in shares of Equifax in the 4th quarter worth about $25,000. KB Financial Partners LLC purchased a new position in shares of Equifax in the 3rd quarter worth about $25,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Equifax in the 4th quarter worth about $41,000. Geneos Wealth Management Inc. raised its holdings in shares of Equifax by 70.8% in the 3rd quarter. Geneos Wealth Management Inc. now owns 193 shares of the credit services provider’s stock worth $35,000 after purchasing an additional 80 shares during the period. Finally, Smithfield Trust Co raised its holdings in shares of Equifax by 55.5% in the 3rd quarter. Smithfield Trust Co now owns 199 shares of the credit services provider’s stock worth $36,000 after purchasing an additional 71 shares during the period. Institutional investors and hedge funds own 96.20% of the company’s stock.

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.