Q3 2022 EPS Estimates for Equifax Inc. (NYSE:EFX) Lowered by Jefferies Financial Group

Equifax Inc. (NYSE:EFX – Get Rating) – Equities research analysts at Jefferies Financial Group lowered their Q3 2022 earnings per share (EPS) estimates for Equifax in a research note issued to investors on Thursday, April 21st. Jefferies Financial Group analyst H. Mazari now expects that the credit services provider will post earnings of $1.88 per share for the quarter, down from their previous forecast of $2.15. Jefferies Financial Group also issued estimates for Equifax’s Q4 2022 earnings at $2.00 EPS, FY2022 earnings at $8.13 EPS, Q1 2023 earnings at $2.48 EPS, Q1 2024 earnings at $2.92 EPS and FY2024 earnings at $11.23 EPS.

Equifax (NYSE:EFX – Get Rating) last released its quarterly earnings results on Wednesday, April 20th. The credit services provider reported $2.22 earnings per share for the quarter, topping the 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 firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the firm earned $1.97 EPS. The company’s revenue for the quarter was up 12.4% on a year-over-year basis.

Other analysts have also recently issued reports about the company. Robert W. Baird upgraded Equifax from a “neutral” rating to an “outperform” rating and dropped their price target for the stock from $290.00 to $281.00 in a research report on Monday, January 24th. Bank of America began coverage on shares of Equifax in a research report on Friday, March 11th. They issued a “neutral” rating for the company. Credit Suisse Group lowered their price target on shares of Equifax from $285.00 to $250.00 and set an “outperform” rating on the stock in a research report on Friday. Needham & Company LLC cut their price objective on shares of Equifax from $335.00 to $275.00 and set a “buy” rating for the company in a report on Friday. Finally, Truist Financial upgraded Equifax from a “hold” rating to a “buy” rating and set a $280.00 target price on the stock in a report on Thursday, January 27th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Equifax currently has an average rating of “Buy” and a consensus target price of $260.54.

NYSE EFX opened at $203.60 on Monday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.54 and a quick ratio of 0.49. The stock’s 50 day simple moving average is $224.66 and its 200-day simple moving average is $253.07. The company has a market cap of $25.02 billion, a PE ratio of 32.89, a price-to-earnings-growth ratio of 1.57 and a beta of 1.50. Equifax has a 1-year low of $201.41 and a 1-year high of $300.11.

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 15th. Shareholders of record on Tuesday, February 22nd were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend was Friday, February 18th. Equifax’s dividend payout ratio is presently 25.20%.

In other news, insider Sid Singh sold 19,222 shares of the firm’s 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.57% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the stock. First Horizon Advisors Inc. lifted its stake in Equifax by 208.8% in the third quarter. First Horizon Advisors Inc. now owns 105 shares of the credit services provider’s stock worth $27,000 after acquiring an additional 71 shares during the last quarter. Equitec Proprietary Markets LLC acquired a new position in shares of Equifax in the 4th quarter valued at $29,000. Liberty Wealth Management LLC increased its holdings in shares of Equifax by 1,514.3% in the 3rd quarter. Liberty Wealth Management LLC now owns 113 shares of the credit services provider’s stock valued at $30,000 after acquiring an additional 106 shares during the period. Addison Advisors LLC acquired a new position in Equifax in the 4th quarter valued at $34,000. Finally, CVA Family Office LLC acquired a new position in Equifax in the 4th quarter valued at $37,000. Institutional investors own 91.48% of the company’s stock.

Equifax Company Profile (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.

See Also