Equifax (NYSE:EFX) Issues FY24 Earnings Guidance

Equifax (NYSE:EFX) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided EPS guidance of $7.20-7.50 for the period, compared to the consensus EPS estimate of $7.63. The company issued revenue guidance of $5.67-5.77 billion, compared to the consensus revenue estimate of $5.78 billion. Equifax also updated its FY 2024 guidance to 7.200-7.500 EPS.

Equifax Trading Down 0.4 %

Shares of Equifax stock opened at $237.68 on Thursday. The stock has a market cap of $29.53 billion, a P/E ratio of 54.02, a P/E/G ratio of 1.88 and a beta of 1.51. The stock’s 50 day simple moving average is $259.14 and its 200-day simple moving average is $231.05. Equifax has a 1-year low of $159.95 and a 1-year high of $275.10. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.67 and a quick ratio of 0.67.

Equifax (NYSE:EFX) last released its quarterly earnings results on Wednesday, April 17th. The credit services provider reported $1.50 EPS for the quarter, beating the consensus estimate of $1.44 by $0.06. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.40 billion. Equifax had a net margin of 10.36% and a return on equity of 19.40%. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.43 EPS. Analysts predict that Equifax will post 7.53 EPS for the current fiscal year.

Equifax Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 23rd were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend was Thursday, February 22nd. Equifax’s payout ratio is 35.45%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Bank of America raised Equifax from an underperform rating to a buy rating and upped their price objective for the stock from $164.00 to $300.00 in a research report on Monday, January 8th. Evercore ISI raised Equifax from an in-line rating to an outperform rating and upped their price objective for the stock from $210.00 to $310.00 in a research report on Tuesday, February 13th. Redburn Atlantic lowered Equifax from a buy rating to a neutral rating and set a $272.00 price objective on the stock. in a research report on Thursday, January 11th. Stifel Nicolaus boosted their target price on shares of Equifax from $208.00 to $289.00 and gave the stock a buy rating in a research note on Tuesday, January 9th. Finally, Truist Financial boosted their target price on shares of Equifax from $270.00 to $285.00 and gave the stock a buy rating in a research note on Friday, February 9th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $267.00.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in EFX. Raymond James Financial Services Advisors Inc. raised its holdings in Equifax by 29.5% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 3,516 shares of the credit services provider’s stock worth $834,000 after purchasing an additional 801 shares in the last quarter. American Century Companies Inc. raised its holdings in Equifax by 9.9% during the first quarter. American Century Companies Inc. now owns 4,944 shares of the credit services provider’s stock worth $1,172,000 after purchasing an additional 444 shares in the last quarter. Private Advisor Group LLC raised its holdings in Equifax by 14.1% during the first quarter. Private Advisor Group LLC now owns 1,830 shares of the credit services provider’s stock worth $434,000 after purchasing an additional 226 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Equifax by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 439,028 shares of the credit services provider’s stock valued at $104,100,000 after buying an additional 8,662 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in Equifax by 0.8% in the first quarter. Sei Investments Co. now owns 17,409 shares of the credit services provider’s stock valued at $4,141,000 after buying an additional 134 shares in the last quarter. 96.20% of the stock is owned by hedge funds and other institutional investors.

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.