Equifax (NYSE:EFX) Releases FY24 Earnings Guidance

Equifax (NYSE:EFX) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share guidance of $7.20-7.50 for the period, compared to the consensus earnings per share estimate of $7.63. The company issued revenue guidance of $5.67-5.77 billion, compared to the consensus revenue estimate of $5.78 billion. Equifax also updated its Q2 guidance to $1.65-1.75 EPS.

Equifax Price Performance

Shares of NYSE:EFX traded down $0.89 during midday trading on Wednesday, reaching $237.68. 1,572,710 shares of the company’s stock traded hands, compared to its average volume of 783,348. Equifax has a 1 year low of $159.95 and a 1 year high of $275.10. The company has a market cap of $29.53 billion, a P/E ratio of 54.22, a PEG ratio of 1.91 and a beta of 1.51. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.67 and a current ratio of 0.67. The company has a fifty day simple moving average of $259.23 and a two-hundred day simple moving average of $231.00.

Equifax (NYSE:EFX) last announced its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.07. Equifax had a return on equity of 19.40% and a net margin of 10.36%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the firm posted $1.52 EPS. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. Equities analysts predict that Equifax will post 7.53 EPS for the current fiscal year.

Equifax Announces Dividend

The company also recently announced 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 0.66%. The ex-dividend date of this dividend was Thursday, February 22nd. Equifax’s dividend payout ratio is presently 35.45%.

Wall Street Analyst Weigh In

A number of research firms have commented on EFX. Bank of America raised Equifax from an underperform rating to a buy rating and increased their target price for the stock from $164.00 to $300.00 in a report on Monday, January 8th. Needham & Company LLC reaffirmed a buy rating and set a $305.00 target price on shares of Equifax in a report on Friday, February 9th. Redburn Atlantic downgraded Equifax from a buy rating to a neutral rating and set a $272.00 target price on the stock. in a report on Thursday, January 11th. The Goldman Sachs Group raised their price target on Equifax from $195.00 to $222.00 and gave the stock a neutral rating in a report on Friday, December 29th. Finally, Oppenheimer raised their price target on Equifax from $273.00 to $291.00 and gave the stock an outperform rating in a report on Tuesday, April 9th. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Equifax presently has an average rating of Moderate Buy and a consensus target price of $267.00.

Institutional Trading of Equifax

Several hedge funds and other institutional investors have recently modified their holdings of EFX. Eagle Bay Advisors LLC acquired a new stake in Equifax during the second quarter valued at $29,000. Compass Wealth Management LLC acquired a new stake in shares of Equifax in the fourth quarter worth about $53,000. Parkside Financial Bank & Trust lifted its position in shares of Equifax by 91.4% in the first quarter. Parkside Financial Bank & Trust now owns 310 shares of the credit services provider’s stock worth $74,000 after buying an additional 148 shares during the last quarter. Covestor Ltd lifted its position in shares of Equifax by 59.0% in the first quarter. Covestor Ltd now owns 337 shares of the credit services provider’s stock worth $80,000 after buying an additional 125 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of Equifax in the fourth quarter worth about $94,000. 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.