Stock market today: S&P 500 hits fresh record close on stronger economic growth
Equifax Inc . (NYSE:EFX) Executive Vice President, Chief Financial Officer, and Chief Operating Officer John W. Gamble Jr. sold 3,500 shares of the company’s common stock on February 28, 2025. The shares were sold at an average price of $242.31, totaling approximately $848,085. According to InvestingPro data, the stock is currently trading at a P/E ratio of 50x, significantly above market averages, with the company maintaining an impressive gross profit margin of 56.6%. Following this transaction, Gamble holds 67,153 shares of Equifax, including accrued dividend equivalent units reinvested in restricted stock units.
The sales were conducted under a pre-established Rule 10b5-1 trading plan, which was adopted by Gamble on November 25, 2024. This type of plan allows insiders to set up a predetermined schedule for selling stocks to avoid potential conflicts of interest.
In other recent news, Equifax Inc. reported its Q4 2024 earnings, showing a slight beat in earnings per share (EPS) but a miss in revenue expectations. The company reported an EPS of $2.12, just above the forecasted $2.11, while revenue reached $1.42 billion, falling short of the anticipated $1.44 billion. Despite the EPS beat, the revenue miss led to a negative market reaction. Equifax’s leverage ratio improved from the previous year, and the company announced a 50% increase in its dividend, with considerations for share buybacks. The company remains focused on expanding its contract compression fleet and enhancing its energy infrastructure efforts. Analysts from firms such as TD Cowen and ATB Capital Markets have been inquiring about the company’s strategic plans and market conditions. Equifax has expressed optimism about its future, with a focus on generating sustainable free cash flow and improving balance sheet health. The company plans capital expenditures of $110-$130 million for 2025, indicating a commitment to maintaining its market leadership and financial stability.
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