Equifax, Inc. (NYSE:EFX) – Stock analysts at SunTrust Banks lowered their Q3 2017 earnings per share (EPS) estimates for shares of Equifax in a research note issued to investors on Thursday. SunTrust Banks analyst A. Jeffrey now forecasts that the credit services provider will post earnings per share of $1.51 for the quarter, down from their previous estimate of $1.53. SunTrust Banks also issued estimates for Equifax’s Q4 2017 earnings at $1.50 EPS.
Equifax (NYSE:EFX) last posted its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $1.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.03. The company had revenue of $856.70 million for the quarter, compared to the consensus estimate of $860.48 million. Equifax had a return on equity of 24.88% and a net margin of 17.44%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.43 EPS. COPYRIGHT VIOLATION WARNING: This report was originally published by BNB Daily and is the property of of BNB Daily. If you are accessing this report on another website, it was copied illegally and republished in violation of U.S. and international copyright and trademark law. The original version of this report can be accessed at https://www.baseball-news-blog.com/2017/08/19/q3-2017-eps-estimates-for-equifax-inc-lowered-by-suntrust-banks-efx-updated-updated.html.
Several other analysts have also recently weighed in on EFX. Cowen and Company reissued a “buy” rating and issued a $151.00 price objective on shares of Equifax in a research note on Friday. Deutsche Bank AG restated a “buy” rating and issued a $160.00 target price (up previously from $140.00) on shares of Equifax in a report on Thursday, July 27th. Zacks Investment Research lowered shares of Equifax from a “buy” rating to a “hold” rating in a report on Monday, July 17th. BidaskClub lowered shares of Equifax from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $144.00 target price (up previously from $142.00) on shares of Equifax in a report on Tuesday, July 18th. One investment 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’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $144.25.
Equifax (NYSE EFX) opened at 145.44 on Monday. Equifax has a 1-year low of $110.87 and a 1-year high of $147.02. The firm has a market cap of $17.51 billion, a P/E ratio of 30.81 and a beta of 0.90. The stock has a 50 day moving average price of $140.65 and a 200-day moving average price of $134.33.
In other news, 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 owns 48,578 shares in the company, valued at $6,627,982.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.29% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc raised its position in shares of Equifax by 24.6% in the second quarter. IFP Advisors Inc now owns 928 shares of the credit services provider’s stock valued at $128,000 after buying an additional 183 shares in the last quarter. Korea Investment CORP raised its position in shares of Equifax by 4,596.9% in the second quarter. Korea Investment CORP now owns 21,512 shares of the credit services provider’s stock valued at $2,956,000 after buying an additional 21,054 shares in the last quarter. Stratos Wealth Partners LTD. raised its position in shares of Equifax by 25.7% in the second quarter. Stratos Wealth Partners LTD. now owns 2,647 shares of the credit services provider’s stock valued at $364,000 after buying an additional 542 shares in the last quarter. Parsec Financial Management Inc. raised its position in shares of Equifax by 2.8% in the second quarter. Parsec Financial Management Inc. now owns 131,391 shares of the credit services provider’s stock valued at $18,056,000 after buying an additional 3,622 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its position in shares of Equifax by 13.2% in the second quarter. Daiwa Securities Group Inc. now owns 23,256 shares of the credit services provider’s stock valued at $3,196,000 after buying an additional 2,720 shares in the last quarter. Hedge funds and other institutional investors own 89.56% of the company’s stock.
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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