Zacks Research Comments on Equifax Inc.'s Q3 2024 Earnings (NYSE:EFX)

Equifax Inc. (NYSE:EFX - Free Report) - Zacks Research dropped their Q3 2024 earnings estimates for shares of Equifax in a report released on Monday, April 22nd. Zacks Research analyst S. Goswami now expects that the credit services provider will post earnings per share of $1.96 for the quarter, down from their prior estimate 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.

Equifax (NYSE:EFX - Get Free Report) last posted its quarterly earnings data on Thursday, April 18th. The credit services provider reported $1.50 EPS for the quarter, topping analysts' consensus estimates of $1.44 by $0.06. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.40 billion. Equifax had a net margin of 10.42% and a return on equity of 19.08%. The company's revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the business posted $1.43 EPS.

EFX has been the subject of a number of other research reports. 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 research note on Tuesday, January 9th. Redburn Atlantic downgraded shares of Equifax from a "buy" rating to a "neutral" rating and set a $272.00 price target on the stock. in a report on Thursday, January 11th. Robert W. Baird cut their price target 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. TheStreet upgraded shares of Equifax from a "c+" rating to a "b-" rating in a report on Friday, December 29th. Finally, Bank of America cut their price target on shares of Equifax from $300.00 to $255.00 and set a "buy" rating on the stock in a report on Friday, April 19th. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $270.19.

Equifax Stock Up 0.2 %

Shares of NYSE:EFX traded up $0.53 during trading on Thursday, reaching $226.24. 1,193,863 shares of the company traded hands, compared to its average volume of 868,840. The firm has a fifty day simple moving average of $255.40 and a 200 day simple moving average of $232.42. The firm has a market cap of $27.96 billion, a P/E ratio of 50.39, a price-to-earnings-growth ratio of 1.94 and a beta of 1.51. Equifax has a 1-year low of $159.95 and a 1-year high of $275.10. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.04.

Institutional Trading of Equifax

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CWM LLC grew its stake in Equifax by 8.3% during the third quarter. CWM LLC now owns 904 shares of the credit services provider's stock worth $166,000 after buying an additional 69 shares during the last quarter. AE Wealth Management LLC grew its stake in Equifax by 9.7% during the third quarter. AE Wealth Management LLC now owns 4,405 shares of the credit services provider's stock worth $807,000 after buying an additional 389 shares during the last quarter. Impact Partnership Wealth LLC bought a new stake in Equifax during the third quarter worth about $44,000. DAVENPORT & Co LLC grew its stake in Equifax by 8.2% during the third quarter. DAVENPORT & Co LLC now owns 1,974 shares of the credit services provider's stock worth $362,000 after buying an additional 150 shares during the last quarter. Finally, Meridian Wealth Management LLC grew its stake in Equifax by 100.5% during the third quarter. Meridian Wealth Management LLC now owns 2,196 shares of the credit services provider's stock worth $402,000 after buying an additional 1,101 shares during the last quarter. Institutional investors own 96.20% of the company's stock.

Equifax Announces Dividend

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

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.