Zacks: Brokerages Anticipate Equifax Inc. (NYSE:EFX) Will Post Quarterly Sales of $1.16 Billion

Wall Street analysts predict that Equifax Inc. (NYSE:EFX) will post sales of $1.16 billion for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Equifax’s earnings, with the lowest sales estimate coming in at $1.15 billion and the highest estimate coming in at $1.18 billion. Equifax reported sales of $982.80 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 18%. The firm is scheduled to report its next earnings results on Wednesday, July 28th.

According to Zacks, analysts expect that Equifax will report full-year sales of $4.67 billion for the current financial year, with estimates ranging from $4.63 billion to $4.75 billion. For the next year, analysts expect that the firm will post sales of $4.94 billion, with estimates ranging from $4.79 billion to $5.03 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Equifax.

Equifax (NYSE:EFX) last announced its quarterly earnings results on Tuesday, April 20th. The credit services provider reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.45. Equifax had a net margin of 11.29% and a return on equity of 29.20%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the previous year, the firm posted $1.40 EPS. The firm’s revenue was up 26.6% on a year-over-year basis.

A number of brokerages have recently issued reports on EFX. CIBC began coverage on shares of Equifax in a research report on Tuesday, January 19th. They issued a “neutral” rating and a $8.50 price target on the stock. TheStreet upgraded shares of Equifax from a “c+” rating to a “b” rating in a research report on Wednesday, April 21st. Needham & Company LLC boosted their target price on shares of Equifax from $215.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday, April 28th. Barclays boosted their target price on shares of Equifax from $210.00 to $270.00 and gave the company an “overweight” rating in a research report on Tuesday, May 4th. Finally, Morgan Stanley boosted their target price on shares of Equifax from $201.00 to $220.00 and gave the company an “equal weight” rating in a research report on Thursday, April 29th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $194.25.

EFX opened at $239.41 on Friday. Equifax has a fifty-two week low of $135.98 and a fifty-two week high of $242.13. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market capitalization of $29.14 billion, a price-to-earnings ratio of 66.69, a PEG ratio of 2.23 and a beta of 1.32. The company’s 50 day moving average price is $206.44 and its two-hundred day moving average price is $182.14.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 15th. Investors of record on Tuesday, May 25th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend is Monday, May 24th. Equifax’s dividend payout ratio is currently 27.76%.

In related news, insider Sid Singh sold 9,186 shares of the firm’s stock in a transaction that occurred on Wednesday, May 5th. The shares were sold at an average price of $237.91, for a total value of $2,185,441.26. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.87% of the company’s stock.

Several institutional investors have recently modified their holdings of EFX. First Trust Advisors LP grew its holdings in shares of Equifax by 90.5% in the first quarter. First Trust Advisors LP now owns 52,098 shares of the credit services provider’s stock worth $6,174,000 after purchasing an additional 24,756 shares during the last quarter. Sei Investments Co. lifted its position in Equifax by 6.6% during the third quarter. Sei Investments Co. now owns 35,433 shares of the credit services provider’s stock valued at $5,578,000 after buying an additional 2,183 shares during the period. Louisiana State Employees Retirement System raised its position in shares of Equifax by 21.0% in the 4th quarter. Louisiana State Employees Retirement System now owns 7,500 shares of the credit services provider’s stock worth $1,446,000 after purchasing an additional 1,300 shares during the last quarter. Redpoint Investment Management Pty Ltd purchased a new position in Equifax in the 4th quarter worth about $501,000. Finally, IFM Investors Pty Ltd grew its stake in shares of Equifax by 14.3% during the 4th quarter. IFM Investors Pty Ltd now owns 11,679 shares of the credit services provider’s stock valued at $2,252,000 after purchasing an additional 1,461 shares during the period. Hedge funds and other institutional investors own 91.54% of the company’s stock.

About Equifax

Equifax Inc provides information solutions and human resources business process outsourcing services for businesses, governments, and consumers. The company operates through four segments: U.S. Information Solutions (USIS), Workforce Solutions, International, and Global Consumer Solutions. The USIS segment offers consumer and commercial information services, such as credit information and credit scoring, credit modeling and portfolio analytics, locate, fraud detection and prevention, identity verification, and other consulting; mortgage services; financial marketing; and identity management services.

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