Equifax (NYSE:EFX) Releases FY24 Earnings Guidance

Equifax (NYSE:EFX) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $7.25-7.35 for the period, compared to the consensus earnings per share estimate of $7.36. The company issued revenue guidance of $5.70-5.72 billion, compared to the consensus revenue estimate of $5.73 billion. Equifax also updated its FY 2024 guidance to 7.250-7.350 EPS.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on EFX shares. Barclays increased their price target on Equifax from $300.00 to $380.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. UBS Group assumed coverage on shares of Equifax in a research note on Tuesday, October 1st. They issued a “buy” rating and a $360.00 price objective on the stock. BNP Paribas raised Equifax from an “underperform” rating to a “neutral” rating and set a $310.00 target price for the company in a research report on Thursday, September 19th. Needham & Company LLC boosted their price target on shares of Equifax from $305.00 to $320.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Finally, Wells Fargo & Company boosted their target price on shares of Equifax from $340.00 to $375.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Four analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Equifax currently has an average rating of “Moderate Buy” and an average price target of $307.74.

Equifax Price Performance

Shares of NYSE:EFX opened at $289.95 on Thursday. The company has a 50 day moving average of $294.89 and a 200 day moving average of $262.68. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.01. The stock has a market cap of $35.84 billion, a P/E ratio of 64.58, a P/E/G ratio of 2.00 and a beta of 1.58. Equifax has a 12 month low of $159.95 and a 12 month high of $309.63.

Equifax (NYSE:EFX) last released its quarterly earnings results on Wednesday, July 17th. The credit services provider reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.09. Equifax had a net margin of 10.67% and a return on equity of 18.88%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the business earned $1.71 EPS. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, sell-side analysts forecast that Equifax will post 7.36 EPS for the current fiscal year.

Equifax Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, September 3rd were paid a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 0.54%. Equifax’s dividend payout ratio is currently 34.74%.

Insider Buying and Selling at Equifax

In other news, EVP Carla Chaney sold 3,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $281.85, for a total transaction of $845,550.00. Following the completion of the transaction, the executive vice president now owns 10,875 shares of the company’s stock, valued at approximately $3,065,118.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.57% 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.