Equifax (NYSE:EFX) Updates Q4 2024 Earnings Guidance

Equifax (NYSE:EFX) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 2.080-2.180 for the period, compared to the consensus estimate of 1.830. The company issued revenue guidance of $1.4 billion-$1.5 billion, compared to the consensus revenue estimate of $1.4 billion. Equifax also updated its FY 2024 guidance to 7.250-7.350 EPS.

Equifax Stock Up 0.6 %

Equifax stock opened at $282.05 on Friday. The company has a market capitalization of $34.86 billion, a P/E ratio of 62.82, a P/E/G ratio of 2.00 and a beta of 1.58. The firm’s fifty day simple moving average is $294.95 and its 200-day simple moving average is $262.95. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.01. Equifax has a 1-year low of $159.95 and a 1-year high of $309.63.

Equifax (NYSE:EFX) last released its quarterly earnings results on Wednesday, October 16th. The credit services provider reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.01. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.44 billion. Equifax had a net margin of 10.67% and a return on equity of 18.88%. Equifax’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.76 EPS. Sell-side analysts forecast that Equifax will post 7.36 earnings per share for the current fiscal year.

Equifax Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.39 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.55%. Equifax’s dividend payout ratio is currently 34.74%.

Analyst Ratings Changes

EFX has been the topic of several recent analyst reports. Citigroup lifted their target price on shares of Equifax from $263.00 to $304.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. BNP Paribas upgraded shares of Equifax from an “underperform” rating to a “neutral” rating and set a $310.00 target price on the stock in a report on Thursday, September 19th. Barclays lifted their target price on shares of Equifax from $300.00 to $380.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Oppenheimer lifted their target price on shares of Equifax from $300.00 to $315.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Finally, Stifel Nicolaus lifted their target price on shares of Equifax from $265.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, Equifax has a consensus rating of “Moderate Buy” and a consensus target price of $310.47.

Insider Activity

In other news, EVP Carla Chaney sold 3,000 shares of Equifax stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $281.85, for a total transaction of $845,550.00. Following the sale, the executive vice president now directly owns 10,875 shares in the company, valued at approximately $3,065,118.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.57% of the stock is owned by company insiders.

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.