Equifax (NYSE:EFX) Updates FY24 Earnings Guidance

Equifax (NYSE:EFX) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided EPS guidance of $7.25-7.35 for the period, compared to the consensus EPS 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.

Equifax Stock Performance

Shares of EFX opened at $282.05 on Friday. The company’s 50 day moving average price is $294.95 and its 200 day moving average price is $262.95. The company has a market capitalization of $34.86 billion, a PE ratio of 62.82, a PEG ratio of 2.00 and a beta of 1.58. Equifax has a 52 week low of $159.95 and a 52 week high of $309.63. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.79 and a current ratio of 0.79.

Equifax (NYSE:EFX) last announced its quarterly earnings data on Wednesday, October 16th. The credit services provider reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.01. Equifax had a return on equity of 18.88% and a net margin of 10.67%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the company earned $1.76 earnings per share. Equifax’s quarterly revenue was up 9.3% compared to the same quarter last year. Research analysts expect that Equifax will post 7.36 EPS for the current fiscal year.

Equifax Announces Dividend

The company 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 of this dividend was Tuesday, September 3rd. This represents a $1.56 annualized dividend and a dividend yield of 0.55%. Equifax’s dividend payout ratio is 34.74%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on EFX shares. Wells Fargo & Company reaffirmed a “buy” rating on shares of Equifax in a research report on Friday. Bank of America raised their price target on shares of Equifax from $255.00 to $286.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Needham & Company LLC reaffirmed a “buy” rating and issued a $350.00 price objective on shares of Equifax in a research note on Friday. UBS Group initiated coverage on shares of Equifax in a research report on Tuesday, October 1st. They set a “buy” rating and a $360.00 target price on the stock. Finally, Barclays boosted 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. Four investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $310.47.

Insider Transactions at Equifax

In related news, EVP Carla Chaney sold 3,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were 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 directly owns 10,875 shares in the company, valued at $3,065,118.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.57% of the stock is currently owned by corporate 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.