Zacks: Brokerages Expect Equifax Inc. (EFX) Will Post Quarterly Sales of $886.13 Million

Analysts expect that Equifax Inc. (NYSE:EFX) will report $886.13 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Equifax’s earnings. The lowest sales estimate is $882.50 million and the highest is $889.00 million. Equifax reported sales of $856.70 million during the same quarter last year, which indicates a positive year over year growth rate of 3.4%. The company is expected to issue its next quarterly earnings report on Wednesday, July 25th.

On average, analysts expect that Equifax will report full-year sales of $3.50 billion for the current fiscal year, with estimates ranging from $3.48 billion to $3.51 billion. For the next year, analysts anticipate that the company will report sales of $3.70 billion per share, with estimates ranging from $3.65 billion to $3.75 billion. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for Equifax.

Equifax (NYSE:EFX) last announced its quarterly earnings data on Wednesday, April 25th. The credit services provider reported $1.43 EPS for the quarter, topping the consensus estimate of $1.37 by $0.06. The business had revenue of $865.70 million for the quarter, compared to analyst estimates of $854.89 million. Equifax had a net margin of 15.46% and a return on equity of 22.55%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.44 earnings per share.

Several analysts have commented on the stock. Royal Bank of Canada lowered their price objective on shares of Equifax to $121.00 and set a “sector perform” rating on the stock in a research report on Monday, March 5th. Bank of America initiated coverage on shares of Equifax in a research note on Tuesday, April 10th. They issued an “underperform” rating and a $115.00 target price for the company. William Blair reiterated an “outperform” rating on shares of Equifax in a research note on Thursday, March 1st. Wells Fargo & Co reiterated a “buy” rating and issued a $132.00 target price (up previously from $127.00) on shares of Equifax in a research note on Monday, March 5th. Finally, Morgan Stanley lifted their target price on shares of Equifax from $112.00 to $119.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company’s stock. Equifax currently has a consensus rating of “Hold” and a consensus target price of $127.40.

EFX stock traded up $0.11 during mid-day trading on Friday, hitting $115.75. The company had a trading volume of 552,463 shares, compared to its average volume of 1,098,959. The firm has a market cap of $14.01 billion, a price-to-earnings ratio of 19.39, a P/E/G ratio of 2.45 and a beta of 0.94. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.60 and a current ratio of 0.60. Equifax has a 12 month low of $89.59 and a 12 month high of $147.02.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, May 25th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Thursday, May 24th. This represents a $1.56 annualized dividend and a dividend yield of 1.35%. Equifax’s payout ratio is 26.13%.

A number of large investors have recently modified their holdings of the stock. Brown Advisory Inc. grew its stake in Equifax by 2.4% during the fourth quarter. Brown Advisory Inc. now owns 18,448 shares of the credit services provider’s stock valued at $2,176,000 after acquiring an additional 440 shares in the last quarter. Atria Investments LLC grew its stake in Equifax by 10.7% during the first quarter. Atria Investments LLC now owns 5,780 shares of the credit services provider’s stock valued at $681,000 after acquiring an additional 560 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in Equifax by 3.8% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 16,371 shares of the credit services provider’s stock valued at $1,930,000 after acquiring an additional 600 shares in the last quarter. Xact Kapitalforvaltning AB grew its stake in Equifax by 2.8% during the first quarter. Xact Kapitalforvaltning AB now owns 23,393 shares of the credit services provider’s stock valued at $2,756,000 after acquiring an additional 632 shares in the last quarter. Finally, Flinton Capital Management LLC grew its stake in Equifax by 22.1% during the fourth quarter. Flinton Capital Management LLC now owns 3,536 shares of the credit services provider’s stock valued at $417,000 after acquiring an additional 640 shares in the last quarter. 86.81% of the stock is owned by institutional investors.

Equifax Company Profile

Equifax Inc provides information solutions and human resources business process outsourcing services for businesses, governments, and consumers. The company operates through four segments: U.S. Information Solutions (USIS), International, Workforce Solutions, and Global Consumer Solutions. The USIS segment offers consumer and commercial information services, such as credit information and credit scoring, credit modeling and portfolio analytics, locate, fraud detection and prevention, identity verification, and other consulting; mortgage loan origination information; financial marketing; and identity management services.

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Earnings History and Estimates for Equifax (NYSE:EFX)

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