Zacks: Analysts Expect Equifax (EFX) Will Post Earnings of $1.37 Per Share

Equities analysts expect that Equifax (NYSE:EFX) will post $1.37 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Equifax’s earnings. The lowest EPS estimate is $1.34 and the highest is $1.39. Equifax posted earnings per share of $1.44 during the same quarter last year, which suggests a negative year over year growth rate of 4.9%. The business is expected to report its next quarterly earnings report on Wednesday, April 25th.

On average, analysts expect that Equifax will report full-year earnings of $5.91 per share for the current financial year, with EPS estimates ranging from $5.80 to $5.99. For the next year, analysts forecast that the company will report earnings of $6.47 per share, with EPS estimates ranging from $6.05 to $6.80. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that that provide coverage for Equifax.

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Equifax (NYSE:EFX) last released its quarterly earnings results on Thursday, March 1st. The credit services provider reported $1.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.04. The firm had revenue of $838.50 million for the quarter, compared to analysts’ expectations of $825.70 million. Equifax had a net margin of 17.47% and a return on equity of 23.31%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.42 EPS.

EFX has been the topic of several research analyst reports. Barclays cut shares of Equifax from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $115.00 to $128.00 in a report on Thursday, December 14th. Robert W. Baird reissued a “buy” rating and issued a $137.00 price target on shares of Equifax in a report on Tuesday, January 9th. Zacks Investment Research cut shares of Equifax from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Royal Bank of Canada raised their target price on shares of Equifax to $126.00 and gave the stock a “sector perform” rating in a report on Friday, January 19th. Finally, Morgan Stanley raised their target price on shares of Equifax from $112.00 to $119.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company’s stock. Equifax presently has a consensus rating of “Hold” and a consensus price target of $127.33.

Equifax stock opened at $117.31 on Thursday. The stock has a market capitalization of $14,172.22, a price-to-earnings ratio of 19.65, a P/E/G ratio of 2.00 and a beta of 0.94. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.54. Equifax has a twelve month low of $89.59 and a twelve month high of $147.02.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Monday, March 12th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, March 9th. This represents a $1.56 annualized dividend and a dividend yield of 1.33%. Equifax’s dividend payout ratio is presently 26.13%.

Several hedge funds and other institutional investors have recently bought and sold shares of EFX. Viking Global Investors LP boosted its position in shares of Equifax by 334.5% during the 4th quarter. Viking Global Investors LP now owns 2,336,753 shares of the credit services provider’s stock worth $275,550,000 after acquiring an additional 1,798,947 shares in the last quarter. Two Sigma Advisers LP boosted its position in shares of Equifax by 382.6% during the 4th quarter. Two Sigma Advisers LP now owns 1,556,654 shares of the credit services provider’s stock worth $183,561,000 after acquiring an additional 1,234,096 shares in the last quarter. Iridian Asset Management LLC CT acquired a new stake in shares of Equifax during the 4th quarter worth approximately $104,558,000. OppenheimerFunds Inc. boosted its position in shares of Equifax by 74.7% during the 4th quarter. OppenheimerFunds Inc. now owns 2,029,934 shares of the credit services provider’s stock worth $239,369,000 after acquiring an additional 867,664 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its position in shares of Equifax by 280.1% during the 4th quarter. Mackenzie Financial Corp now owns 973,410 shares of the credit services provider’s stock worth $114,785,000 after acquiring an additional 717,320 shares in the last quarter. Institutional investors and hedge funds own 93.41% of the company’s stock.

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About Equifax

Equifax Inc provides information solutions and human resources business process outsourcing services for businesses, governments, and consumers. The company operates through four segments: U.S. Information Solutions (USIS), International, Workforce Solutions, and Global Consumer Solutions. The USIS segment offers consumer and commercial information services, such as credit information and credit scoring, credit modeling and portfolio analytics, locate, fraud detection and prevention, identity verification, and other consulting; mortgage loan origination information; financial marketing; and identity management services.

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