Q2 2024 EPS Estimates for Equifax Inc. Cut by Analyst (NYSE:EFX)

Equifax Inc. (NYSE:EFX) – Zacks Research lowered their Q2 2024 earnings per share (EPS) estimates for shares of Equifax in a research report issued on Monday, April 22nd. Zacks Research analyst S. Goswami now anticipates that the credit services provider will post earnings per share of $1.71 for the quarter, down from their previous forecast of $1.74. The consensus estimate for Equifax’s current full-year earnings is $7.38 per share. Zacks Research also issued estimates for Equifax’s Q1 2025 earnings at $1.96 EPS, Q2 2025 earnings at $2.26 EPS, Q3 2025 earnings at $2.34 EPS, Q4 2025 earnings at $2.32 EPS, FY2025 earnings at $8.88 EPS, Q1 2026 earnings at $2.50 EPS and FY2026 earnings at $9.88 EPS.

Equifax (NYSE:EFX) last released its quarterly earnings results on Thursday, April 18th. The credit services provider reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.06. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.40 billion. Equifax had a return on equity of 19.08% and a net margin of 10.42%. Equifax’s revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.43 earnings per share.

Several other equities analysts also recently weighed in on EFX. JPMorgan Chase & Co. dropped their price target on Equifax from $290.00 to $273.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. TheStreet raised Equifax from a “c+” rating to a “b-” rating in a research report on Friday, December 29th. Robert W. Baird lowered their price objective on Equifax from $275.00 to $260.00 and set an “outperform” rating for the company in a research report on Friday, April 19th. Oppenheimer lowered their price objective on Equifax from $291.00 to $272.00 and set an “outperform” rating for the company in a research report on Friday, April 19th. Finally, The Goldman Sachs Group lowered their price objective on Equifax from $276.00 to $241.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $270.19.

Equifax Stock Performance

Equifax stock opened at $224.46 on Wednesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.67 and a current ratio of 0.73. The stock has a fifty day moving average of $256.58 and a two-hundred day moving average of $232.51. The company has a market capitalization of $27.88 billion, a price-to-earnings ratio of 49.99, a PEG ratio of 1.74 and a beta of 1.51. Equifax has a fifty-two week low of $159.95 and a fifty-two week high of $275.10.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Wesbanco Bank Inc. lifted its stake in shares of Equifax by 164.8% during the first quarter. Wesbanco Bank Inc. now owns 3,453 shares of the credit services provider’s stock worth $924,000 after purchasing an additional 2,149 shares in the last quarter. Compound Global Advisors LLC acquired a new position in shares of Equifax during the first quarter worth about $6,547,000. Rovin Capital UT ADV lifted its stake in shares of Equifax by 6.9% during the first quarter. Rovin Capital UT ADV now owns 2,658 shares of the credit services provider’s stock worth $711,000 after purchasing an additional 171 shares in the last quarter. Raymond James & Associates lifted its stake in shares of Equifax by 8.7% during the first quarter. Raymond James & Associates now owns 371,838 shares of the credit services provider’s stock worth $99,474,000 after purchasing an additional 29,896 shares in the last quarter. Finally, Maryland State Retirement & Pension System lifted its stake in shares of Equifax by 2.8% during the first quarter. Maryland State Retirement & Pension System now owns 9,562 shares of the credit services provider’s stock worth $2,558,000 after purchasing an additional 258 shares in the last quarter. Institutional investors and hedge funds own 96.20% of the company’s stock.

Equifax Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 23rd were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date was Thursday, February 22nd. Equifax’s payout ratio is currently 34.74%.

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.