Equifax (NYSE:EFX) Issues FY22 Earnings Guidance

Equifax (NYSE:EFXGet Rating) updated its FY22 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $8.00-$8.30 for the period, compared to the Thomson Reuters consensus estimate of $8.63. The company issued revenue guidance of $5.15-$5.25 billion, compared to the consensus revenue estimate of $5.30 billion.Equifax also updated its FY 2022 guidance to $8.000-$8.300 EPS.

EFX has been the topic of several research reports. Robert W. Baird raised shares of Equifax from a neutral rating to an outperform rating and decreased their price target for the stock from $290.00 to $281.00 in a research note on Monday, January 24th. TheStreet cut shares of Equifax from a b rating to a c+ rating in a report on Friday, February 11th. Morgan Stanley cut their price target on shares of Equifax from $296.00 to $274.00 and set an overweight rating on the stock in a report on Wednesday, March 16th. Barclays cut their price target on shares of Equifax from $330.00 to $300.00 and set an overweight rating on the stock in a report on Thursday, March 17th. Finally, Zacks Investment Research upgraded shares of Equifax from a sell rating to a hold rating and set a $246.00 price target on the stock in a report on Friday, February 11th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Buy and a consensus target price of $284.42.

Shares of Equifax stock traded up $2.98 during trading hours on Wednesday, reaching $221.41. 1,322,310 shares of the stock traded hands, compared to its average volume of 1,092,351. The company has a 50 day moving average price of $225.45 and a 200 day moving average price of $253.82. The firm has a market capitalization of $27.21 billion, a price-to-earnings ratio of 36.72, a P/E/G ratio of 1.64 and a beta of 1.50. Equifax has a one year low of $191.70 and a one year high of $300.11. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.24.

Equifax (NYSE:EFXGet Rating) last released its quarterly earnings results on Wednesday, April 20th. The credit services provider reported $2.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.14 by $0.08. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.32 billion. Equifax had a return on equity of 26.95% and a net margin of 15.11%. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.97 EPS. Sell-side analysts anticipate that Equifax will post 8.74 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 15th. Shareholders of record on Tuesday, February 22nd were paid a dividend of $0.39 per share. The ex-dividend date was Friday, February 18th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.70%. Equifax’s dividend payout ratio is currently 25.87%.

In related news, insider Sid Singh sold 19,222 shares of the business’s stock in a transaction that occurred on Friday, February 25th. The stock was sold at an average price of $215.93, for a total transaction of $4,150,606.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.57% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Vident Investment Advisory LLC grew its stake in shares of Equifax by 108.2% during the 4th quarter. Vident Investment Advisory LLC now owns 4,254 shares of the credit services provider’s stock valued at $1,246,000 after acquiring an additional 2,211 shares during the period. Comerica Bank boosted its stake in Equifax by 32.2% in the 4th quarter. Comerica Bank now owns 19,782 shares of the credit services provider’s stock worth $4,472,000 after purchasing an additional 4,820 shares during the period. Toroso Investments LLC boosted its stake in Equifax by 18.3% in the 4th quarter. Toroso Investments LLC now owns 1,715 shares of the credit services provider’s stock worth $502,000 after purchasing an additional 265 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Equifax by 3.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 237,169 shares of the credit services provider’s stock worth $69,429,000 after purchasing an additional 7,254 shares during the period. Finally, California State Teachers Retirement System boosted its stake in Equifax by 1.7% in the 4th quarter. California State Teachers Retirement System now owns 222,605 shares of the credit services provider’s stock worth $65,177,000 after purchasing an additional 3,701 shares during the period. Institutional investors own 91.48% of the company’s stock.

About Equifax (Get Rating)

Equifax Inc provides information solutions and human resources business process automation outsourcing services for businesses, governments, and consumers. The company operates through three segments: Workforce Solutions, U.S. Information Solutions (USIS), and International. The Workforce Solutions segment offers employment, income, criminal history, and social security number verification services, as well as payroll-based transaction, employment tax management, and identity theft protection products.

Further Reading

Earnings History and Estimates for Equifax (NYSE:EFX)

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