Equifax, Inc. (NYSE:EFX) posted its quarterly earnings results on Wednesday. The credit services provider reported $1.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.03, Bloomberg Earnings reports. The firm had revenue of $856.70 million for the quarter, compared to analyst estimates of $860.48 million. Equifax had a net margin of 16.62% and a return on equity of 25.20%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.43 earnings per share. Equifax updated its Q3 guidance to $1.50-1.54 EPS and its FY17 guidance to $6.02-6.10 EPS.
Equifax (NYSE EFX) traded up 1.59% during mid-day trading on Friday, hitting $144.95. 449,744 shares of the stock traded hands. Equifax has a 1-year low of $110.87 and a 1-year high of $147.02. The company has a 50-day moving average of $140.09 and a 200 day moving average of $133.77. The firm has a market capitalization of $17.42 billion, a P/E ratio of 32.57 and a beta of 0.90.
A number of equities research analysts have recently weighed in on the stock. Stephens downgraded shares of Equifax from an “overweight” rating to an “equal weight” rating in a research note on Friday, April 28th. Deutsche Bank AG reiterated a “buy” rating and set a $160.00 target price (up from $140.00) on shares of Equifax in a research report on Thursday. Royal Bank Of Canada reiterated a “buy” rating and set a $144.00 target price on shares of Equifax in a research report on Thursday, March 30th. BidaskClub upgraded shares of Equifax from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Finally, Argus assumed coverage on shares of Equifax in a research report on Tuesday, June 13th. They set a “buy” rating and a $166.00 target price on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $145.08.
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In related news, CFO John W. Gamble, Jr. sold 14,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $136.44, for a total transaction of $1,910,160.00. Following the completion of the transaction, the chief financial officer now owns 48,578 shares in the company, valued at $6,627,982.32. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.29% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. Quadrature Capital Ltd increased its position in shares of Equifax by 366.1% in the fourth quarter. Quadrature Capital Ltd now owns 49,625 shares of the credit services provider’s stock worth $5,866,000 after buying an additional 38,978 shares in the last quarter. Kentucky Retirement Systems acquired a new position in shares of Equifax during the fourth quarter worth approximately $1,027,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Equifax during the fourth quarter worth approximately $458,000. Macquarie Group Ltd. increased its position in shares of Equifax by 58.2% in the fourth quarter. Macquarie Group Ltd. now owns 65,232 shares of the credit services provider’s stock worth $7,712,000 after buying an additional 24,011 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. increased its position in shares of Equifax by 3.0% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 104,416 shares of the credit services provider’s stock worth $14,278,000 after buying an additional 3,020 shares in the last quarter. Institutional investors own 89.78% of the company’s stock.
About Equifax
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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