Equifax (NYSE:EFX) Issues FY 2024 Earnings Guidance

Equifax (NYSE:EFX) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 7.200-7.500 for the period, compared to the consensus EPS estimate of 7.640. The company issued revenue guidance of $5.7 billion-$5.8 billion, compared to the consensus revenue estimate of $5.8 billion. Equifax also updated its FY24 guidance to $7.20-7.50 EPS.

Equifax Stock Performance

Shares of Equifax stock traded down $0.89 during trading on Wednesday, reaching $237.68. The company’s stock had a trading volume of 1,566,536 shares, compared to its average volume of 787,436. 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 business’s fifty day moving average price is $259.23 and its 200-day moving average price is $231.00. The firm has a market cap of $29.53 billion, a price-to-earnings ratio of 54.02, a price-to-earnings-growth ratio of 1.91 and a beta of 1.51. Equifax has a one year low of $159.95 and a one year high of $275.10.

Equifax (NYSE:EFX) last posted its quarterly earnings data on Wednesday, April 17th. The credit services provider reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.06. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.40 billion. Equifax had a return on equity of 19.40% and a net margin of 10.36%. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.43 earnings per share. As a group, equities research analysts predict that Equifax will post 7.53 earnings per share for the current year.

Equifax Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 23rd were paid a $0.39 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.66%. Equifax’s payout ratio is presently 35.45%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on EFX shares. Bank of America upgraded Equifax from an underperform rating to a buy rating and lifted their price objective for the stock from $164.00 to $300.00 in a research note on Monday, January 8th. Evercore ISI raised Equifax from an in-line rating to an outperform rating and lifted their target price for the stock from $210.00 to $310.00 in a research report on Tuesday, February 13th. Redburn Atlantic downgraded Equifax from a buy rating to a neutral rating and set a $272.00 target price on the stock. in a research report on Thursday, January 11th. TheStreet raised Equifax from a c+ rating to a b- rating in a research report on Friday, December 29th. Finally, Stifel Nicolaus lifted their target price on Equifax from $208.00 to $289.00 and gave the stock a buy rating in a research report on Tuesday, January 9th. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Equifax presently has a consensus rating of Moderate Buy and an average price target of $267.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of EFX. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Equifax by 29.5% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 3,516 shares of the credit services provider’s stock worth $834,000 after acquiring an additional 801 shares in the last quarter. American Century Companies Inc. raised its position in Equifax by 9.9% in the 1st quarter. American Century Companies Inc. now owns 4,944 shares of the credit services provider’s stock worth $1,172,000 after purchasing an additional 444 shares during the last quarter. Private Advisor Group LLC raised its position in Equifax by 14.1% in the 1st quarter. Private Advisor Group LLC now owns 1,830 shares of the credit services provider’s stock worth $434,000 after purchasing an additional 226 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Equifax by 2.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 439,028 shares of the credit services provider’s stock worth $104,100,000 after purchasing an additional 8,662 shares during the last quarter. Finally, Sei Investments Co. raised its position in Equifax by 0.8% in the 1st quarter. Sei Investments Co. now owns 17,409 shares of the credit services provider’s stock worth $4,141,000 after purchasing an additional 134 shares during the last quarter. 96.20% of the stock is owned by institutional investors and hedge funds.

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.