William Blair Comments on Equifax, Inc.’s Q3 2017 Earnings (EFX)
Equifax, Inc. (NYSE:EFX) – Research analysts at William Blair reduced their Q3 2017 earnings estimates for Equifax in a research note issued to investors on Thursday. William Blair analyst T. Mchugh now forecasts that the credit services provider will post earnings per share of $1.43 for the quarter, down from their prior forecast of $1.52. William Blair also issued estimates for Equifax’s Q4 2017 earnings at $1.37 EPS, FY2017 earnings at $5.83 EPS, Q1 2018 earnings at $1.45 EPS, Q2 2018 earnings at $1.54 EPS, Q3 2018 earnings at $1.47 EPS and Q4 2018 earnings at $1.46 EPS.
A number of other analysts have also issued reports on the company. Evercore ISI reaffirmed an “outperform” rating and issued a $110.00 price target on shares of Equifax in a research note on Tuesday, September 26th. Stifel Nicolaus reissued a “buy” rating and issued a $149.00 price objective on shares of Equifax in a research note on Tuesday, September 26th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $110.00 price objective on shares of Equifax in a research note on Tuesday, September 26th. Wells Fargo & Company upgraded Equifax from a “market perform” rating to an “outperform” rating and decreased their price objective for the company from $135.00 to $127.00 in a report on Friday, September 22nd. Finally, Deutsche Bank AG restated a “buy” rating and issued a $115.00 price objective on shares of Equifax in a report on Tuesday, September 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $130.50.
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Equifax (NYSE EFX) opened at 107.81 on Monday. Equifax has a 52 week low of $89.59 and a 52 week high of $147.02. The company has a market capitalization of $12.98 billion, a price-to-earnings ratio of 22.84 and a beta of 0.88. The company has a 50 day moving average of $123.22 and a 200 day moving average of $134.65.
Equifax (NYSE:EFX) last announced its earnings results on Wednesday, July 26th. The credit services provider reported $1.60 EPS for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.03. The firm had revenue of $856.70 million for the quarter, compared to analysts’ expectations of $860.48 million. Equifax had a net margin of 17.44% and a return on equity of 24.88%. The company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.43 EPS.
Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Equifax by 3.2% in the second quarter. Vanguard Group Inc. now owns 11,801,839 shares of the credit services provider’s stock worth $1,621,809,000 after acquiring an additional 368,255 shares during the period. BlackRock Inc. increased its stake in Equifax by 7.0% during the second quarter. BlackRock Inc. now owns 9,933,776 shares of the credit services provider’s stock worth $1,365,099,000 after acquiring an additional 653,096 shares during the last quarter. FMR LLC increased its stake in Equifax by 5.8% during the second quarter. FMR LLC now owns 6,046,517 shares of the credit services provider’s stock worth $830,912,000 after acquiring an additional 329,481 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Equifax by 3.7% during the first quarter. Massachusetts Financial Services Co. MA now owns 5,997,177 shares of the credit services provider’s stock worth $820,055,000 after acquiring an additional 212,392 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in Equifax by 2.6% during the first quarter. Wellington Management Group LLP now owns 5,351,242 shares of the credit services provider’s stock worth $731,730,000 after acquiring an additional 134,056 shares during the last quarter. 90.00% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CFO John W. Gamble, Jr. sold 6,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $145.60, for a total transaction of $946,400.00. Following the completion of the sale, the chief financial officer now owns 42,078 shares in the company, valued at approximately $6,126,556.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph Michael Loughran III sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $146.02, for a total transaction of $584,080.00. Following the sale, the insider now owns 42,723 shares of the company’s stock, valued at approximately $6,238,412.46. The disclosure for this sale can be found here. Insiders have sold 12,219 shares of company stock worth $1,780,938 over the last ninety days. 1.29% of the stock is owned by insiders.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date was Wednesday, August 23rd. Equifax’s dividend payout ratio (DPR) is presently 33.05%.
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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