Equifax (EFX) Scheduled to Post Earnings on Wednesday

Equifax (NYSE:EFX) is scheduled to post its quarterly earnings results after the market closes on Wednesday, April 17th. Analysts expect Equifax to post earnings of $1.42 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

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 the consensus estimate of $1.74 by $0.07. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. Equifax had a return on equity of 19.40% and a net margin of 10.36%. The company’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.52 earnings per share. On average, analysts expect Equifax to post $8 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Equifax Trading Down 0.9 %

Shares of Equifax stock opened at $246.99 on Monday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.04. The firm has a market cap of $30.68 billion, a price-to-earnings ratio of 56.13, a price-to-earnings-growth ratio of 1.94 and a beta of 1.51. The business has a fifty day simple moving average of $259.36 and a 200-day simple moving average of $230.19. Equifax has a fifty-two week low of $159.95 and a fifty-two week high of $275.10.

Equifax Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 23rd were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 0.63%. The ex-dividend date was Thursday, February 22nd. Equifax’s dividend payout ratio is 35.45%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Eagle Bay Advisors LLC acquired a new position in shares of Equifax during the 2nd quarter valued at about $29,000. Compass Wealth Management LLC acquired a new stake in Equifax in the 4th quarter valued at approximately $53,000. Parkside Financial Bank & Trust grew its holdings in Equifax by 91.4% in the 1st quarter. Parkside Financial Bank & Trust now owns 310 shares of the credit services provider’s stock valued at $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 1st quarter. Covestor Ltd now owns 337 shares of the credit services provider’s stock worth $80,000 after acquiring an additional 125 shares during the period. Finally, Advisory Services Network LLC bought a new stake in shares of Equifax in the 4th quarter worth approximately $94,000. Institutional investors and hedge funds own 96.20% of the company’s stock.

Analysts Set New Price Targets

EFX has been the subject of several analyst reports. Truist Financial upped their target price on Equifax from $270.00 to $285.00 and gave the company a “buy” rating in a report on Friday, February 9th. Evercore ISI raised Equifax from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $210.00 to $310.00 in a research note on Tuesday, February 13th. Oppenheimer increased their price objective on Equifax from $273.00 to $291.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. Needham & Company LLC reissued a “buy” rating and issued a $305.00 price objective on shares of Equifax in a research note on Friday, February 9th. Finally, TheStreet raised Equifax from a “c+” rating to a “b-” rating in a research note on Friday, December 29th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $267.00.

Equifax Company Profile

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.