FY2024 Earnings Forecast for Equifax Issued By William Blair

Equifax Inc. (NYSE:EFX) – Investment analysts at William Blair dropped their FY2024 earnings estimates for shares of Equifax in a report released on Tuesday, January 21st. William Blair analyst A. Nicholas now anticipates that the credit services provider will earn $7.25 per share for the year, down from their prior forecast of $7.29. The consensus estimate for Equifax’s current full-year earnings is $7.27 per share. William Blair also issued estimates for Equifax’s FY2025 earnings at $8.38 EPS.

Several other research analysts have also issued reports on EFX. UBS Group began coverage on shares of Equifax in a research note on Tuesday, October 1st. They issued a “buy” rating and a $360.00 price target for the company. Wolfe Research lowered shares of Equifax from an “outperform” rating to a “peer perform” rating in a report on Thursday, December 12th. Stifel Nicolaus cut their price target on Equifax from $305.00 to $284.00 and set a “buy” rating on the stock in a research note on Wednesday, November 20th. Jefferies Financial Group lowered their price objective on Equifax from $340.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. Finally, Wells Fargo & Company cut their target price on Equifax from $325.00 to $321.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, Equifax has an average rating of “Moderate Buy” and a consensus price target of $311.12.

Equifax Stock Performance

Equifax stock opened at $271.69 on Thursday. Equifax has a fifty-two week low of $213.02 and a fifty-two week high of $309.63. The stock has a market cap of $33.68 billion, a price-to-earnings ratio of 60.37, a PEG ratio of 2.79 and a beta of 1.57. The stock’s 50 day simple moving average is $258.12 and its two-hundred day simple moving average is $273.86. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88.

Equifax Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 22nd were issued a $0.39 dividend. The ex-dividend date was Friday, November 22nd. This represents a $1.56 annualized dividend and a yield of 0.57%. Equifax’s dividend payout ratio (DPR) is presently 34.67%.

Insiders Place Their Bets

In related news, EVP John J. Kelley III sold 1,000 shares of the business’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $272.92, for a total value of $272,920.00. Following the completion of the transaction, the executive vice president now directly owns 11,269 shares in the company, valued at $3,075,535.48. The trade was a 8.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Lisa M. Nelson sold 551 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $260.39, for a total transaction of $143,474.89. Following the sale, the executive vice president now directly owns 11,697 shares in the company, valued at $3,045,781.83. This trade represents a 4.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 59,855 shares of company stock valued at $16,187,044. 1.57% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Equifax during the 2nd quarter valued at about $15,646,000. Barclays PLC boosted its position in Equifax by 2.8% during the third quarter. Barclays PLC now owns 184,890 shares of the credit services provider’s stock worth $54,329,000 after purchasing an additional 5,097 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Equifax by 3.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 6,397 shares of the credit services provider’s stock valued at $1,880,000 after purchasing an additional 231 shares during the period. Intech Investment Management LLC increased its position in shares of Equifax by 84.1% in the third quarter. Intech Investment Management LLC now owns 6,861 shares of the credit services provider’s stock valued at $2,016,000 after buying an additional 3,135 shares in the last quarter. Finally, NS Partners Ltd raised its stake in shares of Equifax by 2.3% during the 3rd quarter. NS Partners Ltd now owns 95,010 shares of the credit services provider’s stock worth $27,920,000 after buying an additional 2,094 shares during the period. Institutional investors and hedge funds own 96.20% of the company’s stock.

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.