Q2 2024 Earnings Forecast for Equifax Inc. (NYSE:EFX) Issued By Zacks Research

Equifax Inc. (NYSE:EFX) – Research analysts at Zacks Research cut their Q2 2024 EPS estimates for shares of Equifax in a note issued to investors on Monday, April 22nd. Zacks Research analyst S. Goswami now forecasts that the credit services provider will post earnings of $1.71 per share for the quarter, down from their previous forecast of $1.74. The consensus estimate for Equifax’s current full-year earnings is $7.36 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.

EFX has been the topic of several other research reports. TheStreet upgraded shares of Equifax from a “c+” rating to a “b-” rating in a report on Friday, December 29th. Stifel Nicolaus lifted their target price on shares of Equifax from $208.00 to $289.00 and gave the company a “buy” rating in a report on Tuesday, January 9th. Robert W. Baird reduced their target price on shares of Equifax from $275.00 to $260.00 and set an “outperform” rating on the stock in a report on Friday, April 19th. Needham & Company LLC restated a “buy” rating and set a $305.00 target price on shares of Equifax in a report on Thursday, April 18th. Finally, The Goldman Sachs Group cut their price objective on shares of Equifax from $276.00 to $241.00 and set a “neutral” rating on the stock in a 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. According to MarketBeat.com, Equifax presently has an average rating of “Moderate Buy” and a consensus target price of $270.19.

Equifax Stock Performance

NYSE:EFX opened at $226.24 on Wednesday. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $27.96 billion, a price-to-earnings ratio of 50.39, a PEG ratio of 1.94 and a beta of 1.51. The firm’s fifty day simple moving average is $255.40 and its 200 day simple moving average is $232.42. Equifax has a twelve month low of $159.95 and a twelve month high of $275.10.

Equifax (NYSE:EFX) last announced its quarterly earnings data 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. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Equifax had a net margin of 10.42% and a return on equity of 19.08%. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.43 EPS.

Equifax Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 23rd were given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 0.69%. The ex-dividend date was Thursday, February 22nd. Equifax’s payout ratio is currently 34.74%.

Institutional Investors Weigh In On Equifax

Several hedge funds and other institutional investors have recently modified their holdings of EFX. Parnassus Investments LLC grew its position in shares of Equifax by 1,740.8% during the 4th quarter. Parnassus Investments LLC now owns 2,085,879 shares of the credit services provider’s stock valued at $515,817,000 after buying an additional 1,972,564 shares during the last quarter. Norges Bank bought a new position in Equifax in the 4th quarter worth about $204,218,000. Veritas Asset Management LLP grew its position in Equifax by 58.2% in the 3rd quarter. Veritas Asset Management LLP now owns 1,788,875 shares of the credit services provider’s stock worth $327,686,000 after purchasing an additional 657,999 shares during the last quarter. Boston Partners bought a new position in Equifax in the 4th quarter worth about $154,667,000. Finally, Artisan Partners Limited Partnership bought a new position in Equifax in the 4th quarter worth about $126,794,000. Institutional investors 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.