Zacks: Analysts Anticipate Equifax Inc. (NYSE:EFX) Will Post Earnings of $1.44 Per Share
Brokerages forecast that Equifax Inc. (NYSE:EFX) will report $1.44 earnings per share for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Equifax’s earnings, with estimates ranging from $1.43 to $1.46. Equifax posted earnings per share of $1.41 in the same quarter last year, which would suggest a positive year over year growth rate of 2.1%. The business is expected to report its next earnings report on Wednesday, October 23rd.
According to Zacks, analysts expect that Equifax will report full-year earnings of $5.59 per share for the current year, with EPS estimates ranging from $5.57 to $5.62. For the next year, analysts expect that the company will report earnings of $6.02 per share, with EPS estimates ranging from $5.81 to $6.31. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Equifax.
Equifax (NYSE:EFX) last issued its quarterly earnings results on Wednesday, July 24th. The credit services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.04. The business had revenue of $880.00 million for the quarter, compared to analyst estimates of $873.74 million. Equifax had a negative net margin of 12.52% and a positive return on equity of 22.63%. The business’s revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.56 earnings per share.
A number of institutional investors have recently bought and sold shares of EFX. Vanguard Group Inc. raised its stake in shares of Equifax by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 12,795,401 shares of the credit services provider’s stock worth $1,730,450,000 after buying an additional 210,155 shares during the last quarter. BlackRock Inc. increased its holdings in Equifax by 2.0% during the 2nd quarter. BlackRock Inc. now owns 7,634,530 shares of the credit services provider’s stock valued at $1,032,491,000 after acquiring an additional 146,497 shares in the last quarter. Generation Investment Management LLP increased its holdings in Equifax by 26.6% during the 2nd quarter. Generation Investment Management LLP now owns 3,240,423 shares of the credit services provider’s stock valued at $438,235,000 after acquiring an additional 680,935 shares in the last quarter. Invesco Ltd. raised its position in Equifax by 330.9% during the second quarter. Invesco Ltd. now owns 2,233,499 shares of the credit services provider’s stock worth $302,059,000 after acquiring an additional 1,715,222 shares during the last quarter. Finally, OppenheimerFunds Inc. raised its position in Equifax by 0.9% during the first quarter. OppenheimerFunds Inc. now owns 1,737,528 shares of the credit services provider’s stock worth $205,897,000 after acquiring an additional 15,617 shares during the last quarter. 97.02% of the stock is currently owned by institutional investors.
Shares of EFX stock traded up $1.14 during trading hours on Friday, reaching $141.14. 683,288 shares of the company’s stock were exchanged, compared to its average volume of 902,488. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.54 and a quick ratio of 0.54. The company’s 50 day moving average is $142.58 and its two-hundred day moving average is $128.50. The company has a market cap of $17.47 billion, a P/E ratio of 24.38, a price-to-earnings-growth ratio of 2.96 and a beta of 1.24. Equifax has a 1 year low of $88.68 and a 1 year high of $148.59.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 23rd will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, August 22nd. Equifax’s dividend payout ratio is currently 26.94%.
Equifax Company Profile
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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