Equifax (NYSE:EFX) Releases Quarterly Earnings Results

Equifax (NYSE:EFX) posted its quarterly earnings data on Wednesday. The credit services provider reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.01, Briefing.com reports. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.44 billion. Equifax had a return on equity of 18.88% and a net margin of 10.67%. The company’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.76 earnings per share.

Equifax Stock Down 3.3 %

Shares of NYSE:EFX opened at $280.30 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a market cap of $34.65 billion, a P/E ratio of 62.43, a P/E/G ratio of 2.00 and a beta of 1.58. Equifax has a 1-year low of $159.95 and a 1-year high of $309.63. The firm has a fifty day moving average price of $294.88 and a 200 day moving average price of $262.80.

Equifax Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, September 3rd were given a $0.39 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $1.56 annualized dividend and a yield of 0.56%. Equifax’s dividend payout ratio (DPR) is 34.74%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on EFX shares. Citigroup upped their price target on Equifax from $263.00 to $304.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Wells Fargo & Company raised their target price on shares of Equifax from $340.00 to $375.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Bank of America lifted their price target on shares of Equifax from $255.00 to $286.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Wolfe Research assumed coverage on shares of Equifax in a research report on Tuesday, July 9th. They issued an “outperform” rating and a $275.00 price objective on the stock. Finally, Oppenheimer lifted their price objective on shares of Equifax from $300.00 to $315.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Four 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 currently has a consensus rating of “Moderate Buy” and an average target price of $307.74.

Insider Buying and Selling at Equifax

In related news, EVP Carla Chaney sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $281.85, for a total transaction of $845,550.00. Following the transaction, the executive vice president now owns 10,875 shares of the company’s stock, valued at $3,065,118.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.57% of the stock is currently owned by company insiders.

About Equifax

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.