Equifax (EFX) Scheduled to Post Earnings on Wednesday

Posted by on Apr 12th, 2023

Equifax (NYSE:EFX – Get Rating) will release its earnings data after the market closes on Wednesday, April 19th. Analysts expect Equifax to post earnings of $1.34 per share for the quarter. Equifax has set its Q1 guidance at $1.30-$1.40 EPS and its FY23 guidance at $7.05-$7.35 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Equifax (NYSE:EFX – Get Rating) last announced its quarterly earnings data on Wednesday, February 8th. The credit services provider reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.03. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. Equifax had a return on equity of 24.19% and a net margin of 13.59%. The firm’s revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.84 EPS. On average, analysts expect Equifax to post $7 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Equifax Trading Up 1.4 %

Shares of NYSE:EFX opened at $200.58 on Wednesday. The stock has a 50 day moving average of $204.84 and a 200 day moving average of $194.96. The company has a market cap of $24.72 billion, a PE ratio of 35.50, a price-to-earnings-growth ratio of 1.89 and a beta of 1.46. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.21. Equifax has a 12-month low of $145.98 and a 12-month high of $234.14.

Equifax Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Wednesday, February 22nd were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Tuesday, February 21st. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.78%. Equifax’s dividend payout ratio (DPR) is presently 27.61%.

Institutional Trading of Equifax

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. raised its holdings in Equifax by 5.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,041 shares of the credit services provider’s stock valued at $202,000 after buying an additional 57 shares during the period. B. Riley Wealth Advisors Inc. raised its holdings in Equifax by 13.8% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 2,344 shares of the credit services provider’s stock valued at $456,000 after buying an additional 284 shares during the period. Compass Wealth Management LLC purchased a new stake in Equifax during the 4th quarter valued at $53,000. Axxcess Wealth Management LLC raised its holdings in Equifax by 14.4% during the 4th quarter. Axxcess Wealth Management LLC now owns 1,361 shares of the credit services provider’s stock valued at $264,000 after buying an additional 171 shares during the period. Finally, American Trust purchased a new stake in Equifax in the fourth quarter worth $216,000. Hedge funds and other institutional investors own 93.84% of the company’s stock.

Wall Street Analysts Forecast Growth

EFX has been the subject of several recent analyst reports. Royal Bank of Canada upped their price target on Equifax from $185.00 to $205.00 and gave the stock a “sector perform” rating in a research note on Friday, February 10th. Deutsche Bank Aktiengesellschaft upped their price target on Equifax from $160.00 to $175.00 in a research note on Tuesday, December 20th. BNP Paribas initiated coverage on Equifax in a research note on Friday, January 6th. They issued an “underperform” rating and a $150.00 price target for the company. Morgan Stanley dropped their price target on Equifax from $194.00 to $190.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 22nd. Finally, Robert W. Baird upped their price target on Equifax from $223.00 to $237.00 and gave the stock an “outperform” rating in a research note on Friday, February 10th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Equifax has an average rating of “Hold” and an average target price of $212.07.

Equifax Company Profile

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Equifax, Inc engages in the provision of information solutions and human resources business process outsourcing services. It operates through the following business segments: U.S. Information Solutions, Workforce Solutions and International. The U.S. Information Solutions segment includes consumer and commercial information services, mortgage loan origination information, financial marketing services, and identity management.

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Earnings History for Equifax (NYSE:EFX)

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