Economy

Equifax Inc. (NYSE:EFX) Drops into Oversold RSI Range

Equifax, Inc. (EFX) reported earning per shares for the quarter ending Oct 25 AMC at 1.6, whereas, 14 number of analysts estimated the mean EPS at 1.51.

EFX has been the subject of several other reports. J P Morgan Chase & Co reissued a buy rating on shares of Equifax in a research note on Friday, September 8th. Oversold is a condition that occurs when prices are considered too low and the stock may be poised to move up. Cowen and Company reaffirmed a "buy" rating and issued a $151.00 target price on shares of Equifax in a report on Friday, July 28th. Lastly, Zacks Lowered stocks of Equifax from a buy recommendation to a hold recommendation in a study report on early Mon, Jul 17th. Morgan Stanley reaffirmed an equal weight recommendation and fixed a $144.00 target price (up from $142.00) on stocks of Equifax in a study report on early Tue, Jul 18th.

Equifax (NYSE:EFX) traded down 0.42% during trading on Friday, reaching $92.59. Equifax has a 12 month low of $89.59 and a 12 month high of $147.02.

Beta is also an important valuation ratio for analyzing the stock of the company, EFX has its industry and Sector's beta remains at 0.87 and 0.78 respectively. The company's 50-day moving average is $136.38 and its 200-day moving average is $137.03.

Equifax (NYSE:EFX) last posted its earnings results on Wednesday, July 26th. The credit services provider reported $1.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.57 by $0.03. Net profit margin of the company was recorded at 17.4 percent, operating profit margin was 27.2 percent, while gross profit margin stands at 64.5 percent. The business had revenue of $856.70 million during the quarter, compared to analyst estimates of $860.48 million. Over the past month the firm's stock is -34.98%, -34.79% for the last quarter, -31.69% for the past six-months and -30.79% for the previous year. Analysts expect next quarter's EPS will be $1.47 with next year's EPS projected to be $6.47. Equities analysts anticipate that Equifax, Inc. will post $6.06 earnings per share for the current year.

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Most recently the business also announced a periodic dividend, to be paid on early Fri, Sep 15th. The ex-dividend date was Wednesday, August 23rd. This represents a $1.56 annualized dividend and a dividend yield of 1.68%. Equifax's payout ratio is 33.05%. The shares were purchased at an average price of $146.02. Following the completion of the sale, the insider now owns 42,723 shares in the company, valued at approximately $6,238,412.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Pres USIS, Loughran Joseph Michael Iii, sold 4,000 common shares of Equifax Inc. The shares were sold at an average price of $145.70, for a total value of $250,458.30. The disclosure for this sale can be found here. Muddy Waters founder and noted short seller Carson Block is now suing Equifax, and USA prosecutors have reportedly opened a criminal probe into possible insider trading, after a handful of government bigwigs took aim at the company, including one senator comparing the firm to Enron.

Many other brokerage firm analysts also weighed in on the share. IFP Advisors Inc now owns 928 shares of the credit services provider's stock valued at $128,000 after purchasing an additional 183 shares during the last quarter. Sun Life Financial INC now owns 884 shares of the credit services provider's stock valued at $121,000 after acquiring an additional 875 shares during the period. Teachers Advisors LLC increased its position in Equifax by 18.5% in the 2nd quarter. Finally, SNS Financial Group LLC acquired a new position in Equifax in the second quarter valued at about $200,000. In light of the many issues surrounding this company, we thought it was a good time to take a close look at the numbers in order to form a realistic perspective on the fundamental picture for this stock. 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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