Equifax (NYSE:EFX) Releases FY 2024 Earnings Guidance

Equifax (NYSE:EFX) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 7.250-7.350 for the period, compared to the consensus earnings per share estimate of 7.360. The company issued revenue guidance of $5.7 billion-$5.7 billion, compared to the consensus revenue estimate of $5.7 billion. Equifax also updated its FY24 guidance to $7.25-7.35 EPS.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their price target on Equifax from $273.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Oppenheimer raised their price target on Equifax from $300.00 to $315.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Wells Fargo & Company raised their price target on Equifax from $340.00 to $375.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Bank of America raised their price target on Equifax from $255.00 to $286.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Finally, The Goldman Sachs Group raised their price objective on Equifax from $277.00 to $307.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $307.74.

Equifax Stock Performance

Shares of NYSE:EFX traded down $0.17 during trading on Wednesday, hitting $289.96. 1,153,537 shares of the stock were exchanged, compared to its average volume of 840,413. Equifax has a 1-year low of $159.95 and a 1-year high of $309.63. The company has a market capitalization of $35.84 billion, a price-to-earnings ratio of 64.62, a price-to-earnings-growth ratio of 2.00 and a beta of 1.58. The company’s fifty day simple moving average is $294.61 and its 200-day simple moving average is $262.48. 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 results on Wednesday, July 17th. The credit services provider reported $1.82 EPS for the quarter, beating the consensus estimate of $1.73 by $0.09. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.42 billion. Equifax had a return on equity of 18.88% and a net margin of 10.67%. Equifax’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.71 EPS. Sell-side analysts expect that Equifax will post 7.36 EPS for the current fiscal year.

Equifax Dividend Announcement

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

Insider Transactions at Equifax

In other news, EVP Carla Chaney sold 3,000 shares of the business’s stock in a transaction on 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 sale, the executive vice president now owns 10,875 shares in the company, valued at $3,065,118.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.57% of the stock is currently owned by corporate insiders.

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.