Equifax Inc. (NYSE:EFX) to Post Q2 2024 Earnings of $1.71 Per Share, Zacks Research Forecasts

Equifax Inc. (NYSE:EFX) – Investment analysts at Zacks Research dropped their Q2 2024 earnings per share (EPS) estimates for shares of Equifax in a report issued on Monday, April 22nd. Zacks Research analyst S. Goswami now expects that the credit services provider will post earnings of $1.71 per share for the quarter, down from their prior forecast of $1.74. The consensus estimate for Equifax’s current full-year earnings is $7.36 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 issued its quarterly earnings results on Thursday, April 18th. The credit services provider reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.06. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.40 billion. Equifax had a return on equity of 19.08% and a net margin of 10.42%. The company’s revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.43 earnings per share.

EFX has been the subject of several other reports. JPMorgan Chase & Co. decreased their price target on shares of Equifax from $290.00 to $273.00 and set an “overweight” rating for the company in a research note on Friday, April 19th. Oppenheimer dropped their price target on Equifax from $291.00 to $272.00 and set an “outperform” rating on the stock in a research note on Friday, April 19th. Robert W. Baird cut their price target on Equifax from $275.00 to $260.00 and set an “outperform” rating on the stock in a report on Friday, April 19th. Bank of America decreased their price objective on Equifax from $300.00 to $255.00 and set a “buy” rating for the company in a report on Friday, April 19th. Finally, Needham & Company LLC restated a “buy” rating and issued a $305.00 target price on shares of Equifax in a report on Thursday, April 18th. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Equifax currently has an average rating of “Moderate Buy” and an average price target of $270.19.

Equifax Stock Up 0.6 %

Equifax stock opened at $225.77 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $28.05 billion, a PE ratio of 50.28, a PEG ratio of 1.84 and a beta of 1.51. The firm’s fifty day moving average is $256.09 and its 200 day moving average is $232.46. Equifax has a 12-month low of $159.95 and a 12-month high of $275.10.

Institutional Investors Weigh In On Equifax

A number of hedge funds and other institutional investors have recently bought and sold shares of EFX. Vanguard Group Inc. raised its stake in shares of Equifax by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 13,895,487 shares of the credit services provider’s stock valued at $3,436,215,000 after purchasing an additional 204,481 shares during the period. Capital International Investors lifted its holdings in shares of Equifax by 0.3% in the fourth quarter. Capital International Investors now owns 13,703,228 shares of the credit services provider’s stock worth $3,388,695,000 after buying an additional 40,642 shares in the last quarter. Generation Investment Management LLP boosted its position in shares of Equifax by 8.4% in the fourth quarter. Generation Investment Management LLP now owns 3,856,248 shares of the credit services provider’s stock valued at $953,612,000 after acquiring an additional 298,846 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its stake in Equifax by 2.7% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,505,338 shares of the credit services provider’s stock valued at $458,928,000 after acquiring an additional 65,620 shares in the last quarter. Finally, Parnassus Investments LLC increased its holdings in Equifax by 1,740.8% during the 4th quarter. Parnassus Investments LLC now owns 2,085,879 shares of the credit services provider’s stock worth $515,817,000 after acquiring an additional 1,972,564 shares during the period. Institutional investors own 96.20% of the company’s stock.

Equifax Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 23rd were paid a $0.39 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.56 annualized dividend and a dividend yield of 0.69%. Equifax’s payout ratio is 34.74%.

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.