Brokerages expect that Equifax Inc. (NYSE:EFX) will announce sales of $824.91 million for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Equifax’s earnings. The lowest sales estimate is $812.48 million and the highest is $828.89 million. Equifax posted sales of $801.10 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 3%. The company is expected to announce its next quarterly earnings report on Wednesday, February 28th.
According to Zacks, analysts expect that Equifax will report full-year sales of $824.91 million for the current financial year, with estimates ranging from $3.34 billion to $3.35 billion. For the next year, analysts expect that the firm will report sales of $3.43 billion per share, with estimates ranging from $3.34 billion to $3.49 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Equifax.
EFX has been the topic of several recent analyst reports. Royal Bank of Canada boosted their price target on Equifax to $126.00 and gave the stock a “sector perform” rating in a research report on Friday, January 19th. Robert W. Baird reiterated a “buy” rating and set a $137.00 target price on shares of Equifax in a research report on Tuesday, January 9th. Barclays downgraded Equifax from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $115.00 to $128.00 in a research report on Thursday, December 14th. Stifel Nicolaus downgraded Equifax from a “buy” rating to a “hold” rating and cut their target price for the company from $149.00 to $115.00 in a research report on Monday, November 13th. Finally, Zacks Investment Research upgraded Equifax from a “sell” rating to a “hold” rating in a research report on Tuesday, January 16th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $128.07.
Several hedge funds have recently made changes to their positions in EFX. Benjamin F. Edwards & Company Inc. bought a new position in Equifax in the fourth quarter valued at about $101,000. Valeo Financial Advisors LLC acquired a new stake in shares of Equifax in the third quarter valued at about $130,000. Meeder Asset Management Inc. acquired a new stake in shares of Equifax in the third quarter valued at about $134,000. Truewealth LLC acquired a new stake in shares of Equifax in the fourth quarter valued at about $164,000. Finally, Pinnacle Financial Partners Inc. acquired a new stake in shares of Equifax in the fourth quarter valued at about $201,000. Institutional investors and hedge funds own 89.68% of the company’s stock.
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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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