Equifax, Inc. (NYSE:EFX) declared a quarterly dividend on Friday, August 4th, RTT News reports. Stockholders of record on Friday, August 25th will be paid a dividend of 0.39 per share by the credit services provider on Friday, September 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Wednesday, August 23rd.
Equifax has raised its dividend payment by an average of 14.5% annually over the last three years and has raised its dividend annually for the last 5 consecutive years. Equifax has a payout ratio of 25.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Equifax to earn $6.73 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 23.2%.
Equifax (EFX) opened at 140.63 on Friday. Equifax has a 52 week low of $110.87 and a 52 week high of $147.02. The stock has a 50 day moving average price of $142.00 and a 200-day moving average price of $136.27. The company has a market capitalization of $16.93 billion, a PE ratio of 29.79 and a beta of 0.91.
Equifax (NYSE:EFX) last announced its earnings results on Wednesday, July 26th. The credit services provider reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.03. Equifax had a net margin of 17.44% and a return on equity of 24.88%. The company had revenue of $856.70 million during the quarter, compared to analyst estimates of $860.48 million. During the same period in the previous year, the business earned $1.43 earnings per share. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, equities analysts predict that Equifax will post $6.08 earnings per share for the current fiscal year.
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In other Equifax news, CFO John W. Gamble, Jr. sold 6,500 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $145.60, for a total value of $946,400.00. Following the completion of the sale, the chief financial officer now directly owns 42,078 shares of the company’s stock, valued at $6,126,556.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Rodolfo O. Ploder sold 1,719 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $145.70, for a total transaction of $250,458.30. Following the completion of the sale, the insider now directly owns 43,648 shares of the company’s stock, valued at $6,359,513.60. The disclosure for this sale can be found here. Insiders sold 26,219 shares of company stock valued at $3,691,098 over the last three months. 1.29% of the stock is currently owned by insiders.
Several research analysts recently issued reports on EFX shares. Deutsche Bank AG reiterated a “buy” rating and issued a $160.00 target price (up from $140.00) on shares of Equifax in a research report on Thursday, July 27th. BidaskClub lowered shares of Equifax from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Argus started coverage on shares of Equifax in a research report on Tuesday, June 13th. They issued a “buy” rating and a $166.00 target price for the company. Stephens lowered shares of Equifax from an “overweight” rating to an “equal weight” rating in a research report on Friday, April 28th. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Equifax in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $145.45.
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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