Equifax Inc. (NYSE:EFX – Get Rating) – Equities research analysts at Needham & Company LLC lowered their Q2 2022 EPS estimates for Equifax in a report issued on Thursday, April 21st. Needham & Company LLC analyst K. Peterson now forecasts that the credit services provider will post earnings of $2.01 per share for the quarter, down from their previous forecast of $2.10. Needham & Company LLC has a “Buy” rating and a $275.00 price objective on the stock. Needham & Company LLC also issued estimates for Equifax’s FY2022 earnings at $8.15 EPS.
A number of other equities research analysts have also issued reports on EFX. Barclays dropped their price objective on shares of Equifax from $300.00 to $250.00 and set an “overweight” rating for the company in a report on Friday. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Equifax from $265.00 to $225.00 and set a “hold” rating on the stock in a research report on Friday. Truist Financial raised shares of Equifax from a “hold” rating to a “buy” rating and set a $280.00 target price on the stock in a research report on Thursday, January 27th. Credit Suisse Group decreased their target price on shares of Equifax from $285.00 to $250.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Royal Bank of Canada decreased their target price on shares of Equifax from $300.00 to $244.00 and set an “outperform” rating on the stock in a research report on Thursday. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Equifax has an average rating of “Buy” and a consensus target price of $260.54.
Equifax (NYSE:EFX – Get Rating) last released its earnings results on Wednesday, April 20th. The credit services provider reported $2.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.14 by $0.08. Equifax had a net margin of 15.06% and a return on equity of 26.93%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the firm earned $1.97 earnings per share. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year.
A number of institutional investors have recently made changes to their positions in EFX. Kovitz Investment Group Partners LLC purchased a new position in shares of Equifax during the first quarter worth approximately $1,375,000. Truist Financial Corp increased its position in Equifax by 16.9% during the 1st quarter. Truist Financial Corp now owns 62,009 shares of the credit services provider’s stock worth $14,701,000 after purchasing an additional 8,953 shares in the last quarter. CVA Family Office LLC increased its position in Equifax by 88.0% during the 1st quarter. CVA Family Office LLC now owns 235 shares of the credit services provider’s stock worth $56,000 after purchasing an additional 110 shares in the last quarter. Louisiana State Employees Retirement System increased its position in Equifax by 1.3% during the 1st quarter. Louisiana State Employees Retirement System now owns 7,700 shares of the credit services provider’s stock worth $1,705,000 after purchasing an additional 100 shares in the last quarter. Finally, Empirical Finance LLC grew its holdings in Equifax by 11.8% in the 1st quarter. Empirical Finance LLC now owns 2,336 shares of the credit services provider’s stock valued at $554,000 after buying an additional 246 shares during the period. Institutional investors own 91.48% of the company’s stock.
In other Equifax news, insider Sid Singh sold 19,222 shares of the stock in a transaction that occurred on Friday, February 25th. The shares were sold at an average price of $215.93, for a total value of $4,150,606.46. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.57% of the stock is owned by company insiders.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 15th. Investors of record on Tuesday, February 22nd were issued a $0.39 dividend. The ex-dividend date was Friday, February 18th. This represents a $1.56 annualized dividend and a yield of 0.77%. Equifax’s dividend payout ratio (DPR) is 25.20%.
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.
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