Equifax (EFX) Releases Earnings Results, Beats Expectations By $0.07 EPS

Equifax (EFX) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $1.43 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $1.36. The company posted revenue of $811.30 million in the period, compared to analysts expectations of $802.76 million. The company’s revenue was up 19.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.15 EPS.

Many Wall Street Analysts have commented on Equifax. Equifax was Initiated by Jefferies to “Hold” on May 9, 2016. Company shares were Reiterated by Barclays on Apr 29, 2016 to “Overweight”, Firm has raised the Price Target to $ 135 from a previous price target of $125 .

Equifax closed down -1.89 points or -1.40% at $133.49 with 15,55,076 shares getting traded on Thursday. Post opening the session at $134.38, the shares hit an intraday low of $131.87 and an intraday high of $135.44 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Jun 1, 2016, Paulino R Barros (Pres-USIS) sold 5,050 shares at $125.55 per share price. According to the SEC, on May 12, 2016, Richard F Smith (Chairman and CEO) sold 190,000 shares at $122.99 per share price. On May 9, 2016, Mark B Templeton (director) purchased 2,000 shares at $119.67 per share price, according to the Form-4 filing with the securities and exchange commission.

Equifax Inc. is a global provider of information solutions and human resources business process outsourcing services for businesses governments and consumers. The Company’s products and services are based on databases of consumer and business information derived from numerous types of credit financial assets telecommunications and utility payment employment income public record demographic and marketing data. It provides information technology and services to support debt collections and recovery management. In addition it is also a provider of payroll-related and human resource management business process outsourcing services in the United States of America. The Company’s clients include financial institutions corporations governments and individuals. The Company has four operating segments which include U.S. Information Solutions (USIS) International Workforce Solutions and North America Personal Solutions.


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