Equifax (NYSE:EFX – Get Rating) issued an update on its fourth quarter 2022 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.45-$1.55 for the period, compared to the consensus estimate of $1.65. The company issued revenue guidance of $1.17 billion-$1.19 billion, compared to the consensus revenue estimate of $1.20 billion. Equifax also updated its FY 2022 guidance to $7.49-$7.59 EPS.
Equifax Price Performance
Equifax stock opened at $164.99 on Thursday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $20.20 billion, a PE ratio of 28.64, a P/E/G ratio of 1.59 and a beta of 1.48. Equifax has a 12 month low of $145.98 and a 12 month high of $300.11. The stock has a 50-day moving average price of $181.32 and a two-hundred day moving average price of $192.64.
Equifax (NYSE:EFX – Get Rating) last issued its quarterly earnings data on Wednesday, October 19th. The credit services provider reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.10. Equifax had a return on equity of 25.88% and a net margin of 13.72%. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period last year, the company earned $1.85 earnings per share. The firm’s revenue was up 1.7% compared to the same quarter last year. Analysts expect that Equifax will post 7.53 EPS for the current year.
Equifax Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Tuesday, September 6th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, September 2nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.95%. Equifax’s dividend payout ratio (DPR) is 27.08%.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on the company. Barclays lowered their price objective on Equifax from $230.00 to $225.00 and set an overweight rating for the company in a research report on Tuesday, October 4th. Truist Financial decreased their target price on Equifax from $250.00 to $230.00 and set a buy rating for the company in a research note on Friday, July 22nd. Needham & Company LLC decreased their target price on Equifax from $250.00 to $190.00 and set a buy rating for the company in a research note on Thursday, October 20th. Deutsche Bank Aktiengesellschaft decreased their target price on Equifax from $221.00 to $185.00 and set a hold rating for the company in a research note on Tuesday, October 18th. Finally, StockNews.com raised Equifax from a sell rating to a hold rating in a research note on Tuesday, October 18th. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $209.33.
Insider Buying and Selling
In other Equifax news, Director Melissa D. Smith purchased 672 shares of the company’s stock in a transaction that occurred on Friday, October 21st. The shares were acquired at an average cost of $148.69 per share, for a total transaction of $99,919.68. Following the completion of the acquisition, the director now owns 3,474 shares of the company’s stock, valued at approximately $516,549.06. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.57% of the stock is currently owned by corporate insiders.
Institutional Trading of Equifax
A number of hedge funds have recently bought and sold shares of the business. Eagle Bay Advisors LLC bought a new stake in shares of Equifax in the second quarter valued at $29,000. Parkside Financial Bank & Trust raised its stake in shares of Equifax by 91.4% in the first quarter. Parkside Financial Bank & Trust now owns 310 shares of the credit services provider’s stock valued at $74,000 after buying an additional 148 shares during the period. Covestor Ltd raised its stake in shares of Equifax by 59.0% in the first quarter. Covestor Ltd now owns 337 shares of the credit services provider’s stock valued at $80,000 after buying an additional 125 shares during the period. Fund Management at Engine No. 1 LLC bought a new stake in shares of Equifax in the first quarter valued at $245,000. Finally, Quantamental Technologies LLC bought a new stake in shares of Equifax in the first quarter valued at $289,000. 91.81% of the stock is currently owned by institutional investors.
About Equifax
Equifax Inc provides information solutions and human resources business process automation outsourcing services for businesses, governments, and consumers. The company operates through three segments: Workforce Solutions, U.S. Information Solutions (USIS), and International. The Workforce Solutions segment offers employment, income, criminal history, and social security number verification services, as well as payroll-based transaction, employment tax management, and identity theft protection products.
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