Equifax Inc. (NYSE:EFX) to Issue Quarterly Dividend of $0.39

Equifax Inc. (NYSE:EFX) declared a quarterly dividend on Thursday, May 2nd, RTT News reports. Shareholders of record on Friday, May 24th will be paid a dividend of 0.39 per share by the credit services provider on Wednesday, June 19th. This represents a $1.56 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Thursday, May 23rd.

Equifax has a dividend payout ratio of 16.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Equifax to earn $9.60 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 16.3%.

Equifax Stock Up 1.2 %

Shares of NYSE:EFX opened at $227.16 on Friday. Equifax has a 1 year low of $159.95 and a 1 year high of $275.10. The business has a 50 day simple moving average of $251.77 and a two-hundred day simple moving average of $233.78. The firm has a market capitalization of $28.08 billion, a PE ratio of 50.59, a price-to-earnings-growth ratio of 1.90 and a beta of 1.54. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.73 and a quick ratio of 0.73.

Equifax (NYSE:EFX) last announced its 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. Equifax had a return on equity of 19.08% and a net margin of 10.42%. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the previous year, the business earned $1.43 earnings per share. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. On average, equities analysts predict that Equifax will post 7.36 EPS for the current year.

Insider Buying and Selling

In related news, CEO Mark W. Begor sold 58,300 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $225.45, for a total value of $13,143,735.00. Following the completion of the transaction, the chief executive officer now owns 109,220 shares of the company’s stock, valued at $24,623,649. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Rodolfo O. Ploder sold 14,097 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $225.45, for a total transaction of $3,178,168.65. Following the transaction, the executive vice president now directly owns 75,964 shares of the company’s stock, valued at $17,126,083.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Mark W. Begor sold 58,300 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $225.45, for a total value of $13,143,735.00. Following the transaction, the chief executive officer now directly owns 109,220 shares in the company, valued at $24,623,649. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EFX. Robert W. Baird dropped their target price on Equifax from $275.00 to $260.00 and set an “outperform” rating for the company in a research report on Friday, April 19th. The Goldman Sachs Group decreased their price target on shares of Equifax from $276.00 to $241.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. Bank of America decreased their price target on shares of Equifax from $300.00 to $255.00 and set a “buy” rating for the company in a research note on Friday, April 19th. Redburn Atlantic downgraded shares of Equifax from a “buy” rating to a “neutral” rating and set a $272.00 price target for the company. in a research note on Thursday, January 11th. Finally, Truist Financial lifted their price target on shares of Equifax from $270.00 to $285.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Equifax presently has an average rating of “Moderate Buy” and a consensus target price of $270.19.

Equifax Company Profile

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.