Equifax, Inc. to Issue Quarterly Dividend of $0.39 (NYSE:EFX)
Equifax, Inc. (NYSE:EFX) declared a quarterly dividend on Friday, August 4th, RTT News reports. Stockholders of record on Friday, August 25th will be paid a dividend of 0.39 per share by the credit services provider on Friday, September 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.08%.
Equifax has raised its dividend by an average of 14.5% per year over the last three years and has increased its dividend annually for the last 5 consecutive years. Equifax has a payout ratio of 25.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Equifax to earn $6.73 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 23.2%.
Shares of Equifax (NYSE EFX) traded up 0.2631% on Friday, hitting $145.3214. The stock had a trading volume of 193,878 shares. The company has a market capitalization of $17.49 billion, a PE ratio of 30.7819 and a beta of 0.91. Equifax has a 1-year low of $110.87 and a 1-year high of $147.02. The firm has a 50-day moving average of $140.92 and a 200 day moving average of $134.52.
Equifax (NYSE:EFX) last announced its earnings results on Wednesday, July 26th. The credit services provider reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.03. Equifax had a net margin of 17.44% and a return on equity of 24.88%. The company had revenue of $856.70 million during the quarter, compared to analyst estimates of $860.48 million. During the same period in the previous year, the business earned $1.43 earnings per share. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, equities analysts anticipate that Equifax will post $6.08 earnings per share for the current fiscal year.
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In other news, insider Rodolfo O. Ploder sold 1,719 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $145.70, for a total transaction of $250,458.30. Following the completion of the transaction, the insider now directly owns 43,648 shares of the company’s stock, valued at $6,359,513.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO John W. Gamble, Jr. sold 14,000 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $136.44, for a total transaction of $1,910,160.00. Following the transaction, the chief financial officer now directly owns 48,578 shares of the company’s stock, valued at $6,627,982.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,219 shares of company stock valued at $3,691,098. Insiders own 1.29% of the company’s stock.
Several analysts have weighed in on the stock. Cowen and Company reissued a “buy” rating and issued a $151.00 price target on shares of Equifax in a research note on Friday, July 28th. Deutsche Bank AG reissued a “buy” rating and issued a $160.00 price target (up from $140.00) on shares of Equifax in a research note on Thursday, July 27th. BidaskClub raised shares of Equifax from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Morgan Stanley reissued an “equal weight” rating and issued a $144.00 price target (up from $142.00) on shares of Equifax in a research note on Tuesday, July 18th. Finally, Zacks Investment Research downgraded shares of Equifax from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $144.25.
Equifax Company Profile
Equifax Inc is a global provider of information solutions and human resources business process outsourcing services for businesses, governments and consumers. The Company operates in four segments: U.S. Information Solutions (USIS), International, Workforce Solutions and Global Consumer Solutions. Its products and services are based on databases of consumer and business information derived from various sources, including credit, financial assets, telecommunications and utility payments, employment, income, demographic and marketing data.
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