Equifax, Inc. (EFX) to Issue Quarterly Dividend of $0.39 on December 15th
Equifax, Inc. (NYSE:EFX) declared a quarterly dividend on Thursday, November 9th, RTT News reports. Shareholders of record on Friday, November 24th will be given a dividend of 0.39 per share by the credit services provider on Friday, December 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Wednesday, November 22nd.
Equifax has raised its dividend by an average of 14.5% per year over the last three years and has raised its dividend annually for the last 5 consecutive years. Equifax has a dividend payout ratio of 26.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Equifax to earn $5.94 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 26.3%.
Equifax (NYSE:EFX) opened at $109.58 on Friday. The firm has a market capitalization of $13,233.95, a PE ratio of 18.40, a price-to-earnings-growth ratio of 1.86 and a beta of 0.93. Equifax has a 52 week low of $89.59 and a 52 week high of $147.02. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.67 and a current ratio of 0.67.
Equifax (NYSE:EFX) last released its quarterly earnings data on Thursday, November 9th. The credit services provider reported $1.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.04. The business had revenue of $834.80 million during the quarter, compared to analyst estimates of $847.28 million. Equifax had a return on equity of 24.45% and a net margin of 16.18%. The company’s revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the business posted $1.44 EPS. equities research analysts expect that Equifax will post 5.93 earnings per share for the current fiscal year.
A number of equities analysts have weighed in on the company. Zacks Investment Research upgraded Equifax from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Royal Bank Of Canada lifted their price objective on Equifax from $113.00 to $114.00 and gave the company a “sector perform” rating in a research note on Monday. Stifel Nicolaus lowered Equifax from a “buy” rating to a “hold” rating and reduced their price objective for the company from $149.00 to $115.00 in a research note on Monday. The Goldman Sachs Group, Inc. assumed coverage on Equifax in a research note on Wednesday, November 8th. They set a “neutral” rating and a $116.00 price objective for the company. Finally, SunTrust Banks, Inc. reiterated a “buy” rating on shares of Equifax in a research note on Friday, October 13th. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Equifax currently has an average rating of “Buy” and a consensus target price of $128.07.
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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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