Q3 2017 EPS Estimates for Equifax, Inc. (EFX) Cut by SunTrust Banks
Equifax, Inc. (NYSE:EFX) – SunTrust Banks lowered their Q3 2017 EPS estimates for shares of Equifax in a research note issued on Friday. SunTrust Banks analyst A. Jeffrey now forecasts that the credit services provider will post earnings of $1.47 per share for the quarter, down from their prior estimate of $1.51. SunTrust Banks has a “Buy” rating on the stock. SunTrust Banks also issued estimates for Equifax’s Q4 2017 earnings at $1.39 EPS and FY2017 earnings at $5.90 EPS.
EFX has been the subject of several other research reports. Robert W. Baird reissued a “buy” rating and set a $141.00 target price on shares of Equifax in a report on Tuesday, September 12th. Royal Bank Of Canada reduced their target price on shares of Equifax from $154.00 to $113.00 and set an “outperform” rating for the company in a report on Tuesday, September 19th. Evercore ISI reaffirmed an “outperform” rating and issued a $110.00 price objective (down previously from $174.00) on shares of Equifax in a report on Saturday, September 16th. Morgan Stanley cut their price objective on shares of Equifax from $144.00 to $140.00 and set an “equal weight” rating for the company in a report on Friday, September 8th. Finally, J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Equifax in a report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. Equifax currently has a consensus rating of “Buy” and a consensus price target of $130.27.
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Shares of Equifax (NYSE:EFX) opened at 108.58 on Monday. Equifax has a 12 month low of $89.59 and a 12 month high of $147.02. The stock’s 50 day moving average is $114.72 and its 200-day moving average is $133.05. The company has a market cap of $13.07 billion, a P/E ratio of 23.00 and a beta of 0.87.
Equifax (NYSE:EFX) last issued its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.03. Equifax had a net margin of 17.44% and a return on equity of 24.88%. The firm had revenue of $856.70 million during the quarter, compared to the consensus estimate of $860.48 million. During the same quarter in the previous year, the firm posted $1.43 EPS. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year.
In related news, insider Rodolfo O. Ploder sold 1,719 shares of the business’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 transaction, the insider now directly owns 43,648 shares in the company, valued at $6,359,513.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph Michael Loughran III sold 4,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $146.02, for a total transaction of $584,080.00. Following the transaction, the insider now owns 42,723 shares in the company, valued at $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 90 days. 1.29% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in Equifax by 1,540.8% in the 1st quarter. BlackRock Inc. now owns 9,280,680 shares of the credit services provider’s stock valued at $1,269,041,000 after purchasing an additional 8,715,062 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Equifax by 11,042.5% in the 2nd quarter. Janus Henderson Group PLC now owns 1,729,992 shares of the credit services provider’s stock valued at $237,735,000 after purchasing an additional 1,714,466 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Equifax by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 11,433,584 shares of the credit services provider’s stock valued at $1,563,429,000 after purchasing an additional 373,774 shares during the last quarter. FMR LLC boosted its holdings in Equifax by 5.8% in the 2nd quarter. FMR LLC now owns 6,046,517 shares of the credit services provider’s stock valued at $830,912,000 after purchasing an additional 329,481 shares during the last quarter. Finally, MARSHALL WACE ASIA Ltd acquired a new position in Equifax in the 1st quarter valued at about $39,675,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.
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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