Equifax (NYSE: EFX) on Wednesday updated its earnings guidance for the fourth quarter of 2021. The company provided earnings per share (EPS) guidance of $ 1,720 to $ 1,820 for the period, compared to the estimate. Thomson Reuters consensus of $ 1,800. The company released a revenue forecast of $ 1.23 billion to $ 1.25 billion, compared to the consensus revenue estimate of $ 1.19 billion. Equifax also updated its forecast for fiscal 2021 to $ 7,520-7,620 EPS.
A number of equity analysts recently commented on the stock. Morgan Stanley raised its target price on Equifax shares from $ 241.00 to $ 253.00 and assigned the company an equal weight rating in a research note on Thursday, September 23. Evercore ISI assumed coverage of Equifax shares in a research note on Thursday, October 14. They issued an outperformance rating on the stock. Barclays raised its target price on Equifax shares from $ 285.00 to $ 330.00 and gave the company an overweight rating in a research note on Tuesday, August 17. Royal Bank of Canada raised its price target for Equifax shares from $ 259.00 to $ 270.00 and assigned the stock a sector performance rating in a research note on Thursday, July 22. Finally, Zacks Investment Research downgraded Equifax’s stock rating from a buy rating to a conservation rating and set a price target of $ 270.00 for the stock. in a research note on Monday, October 4. Six equity research analysts rated the stock with a conservation rating and six gave the stock a buy rating. Based on data from MarketBeat.com, the company currently has an average Buy rating and an average price target of $ 238.77.
EFX shares traded at $ 3.35 in the midday session on Wednesday, reaching $ 269.83. The company had a trading volume of 47,653 shares, compared to an average volume of 681,998. The company’s 50-day moving average price is $ 264.16 and its 200-day moving average price is $ 243.50. . The stock has a market cap of $ 32.88 billion, a price-to-earnings ratio of 46.44, a PEG ratio of 2.41 and a beta of 1.43. Equifax has a 52 week low of $ 135.98 and a 52 week high of $ 279.59. The company has a quick ratio of 0.71, a current ratio of 0.71, and a debt ratio of 0.94.
Equifax (NYSE: EFX) last released its results on Tuesday, July 20. The credit services provider reported earnings per share of $ 1.98 for the quarter, beating Thomson Reuters consensus estimate of $ 1.71 by $ 0.27. The company posted revenue of $ 1.23 billion in the quarter, compared to a consensus estimate of $ 1.16 billion. Equifax had a net margin of 15.44% and a return on equity of 29.57%. The company’s revenue increased 25.6% year-over-year. In the same quarter of the previous year, the company earned $ 1.60 per share. Stock analysts predict that Equifax will post 7.45 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 17. Shareholders of record on Tuesday, September 7 received a dividend of $ 0.39. This represents an annualized dividend of $ 1.56 and a dividend yield of 0.58%. The ex-dividend date of this dividend was Friday September 3. Equifax’s dividend payout ratio (PDR) is currently 22.38%.
In other news, insider Prasanna Dhore sold 2,001 shares of Equifax in a trade dated Wednesday, August 4. The shares were sold for an average price of $ 257.49, for a total value of $ 515,237.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available on the SEC website. Insiders own 1.03% of the shares of the company.
Equifax Company Profile
Equifax, Inc. is committed to providing information solutions and human resource business process outsourcing services. It operates through the following business segments: US Information Solutions, Workforce Solutions, International and Global Consumer Solutions. The Information Solutions segment in the United States includes business and commercial information services, mortgage origination information, financial marketing services and identity management.
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