Equifax Inc Stock Price, News & Analysis

Equifax (NYSE: EFX) will announce its third-quarter financial results for the period ending September 30, 2021, on October 20, after market close. A conference call hosted by senior management is scheduled for October 21 at 8:30 AM ET to discuss the quarterly results, with presentation materials to be available on their investor website on the same day at 6:30 AM ET. An audio replay of the call will be accessible starting October 22. Equifax operates globally, providing data, analytics, and technology to support critical decision-making across various sectors.

Equifax (NYSE: EFX) announced a new integration of The Work Number® with isolved™ to facilitate automated employment and income verification. This integration enhances the isolved People Cloud platform, improving the speed and accuracy of data transfer for credentialed verifiers. It aims to streamline processes for employers and provide employees with immediate verification, enhancing their privacy and reducing human error. This service will be available at no additional cost to isolved customers, promoting efficiency for HR departments and supporting employees during critical life milestones.

Equifax has completed its acquisition of Appriss Insights, enhancing its Workforce Solutions unit with advanced risk intelligence data. The transaction, announced on August 10, 2021, expands Equifax's verification capabilities and positions the company to penetrate the $5 billion U.S. talent acquisition market and the $2 billion U.S. government social services market. This strategic move is expected to support future growth by broadening data offerings and strengthening relationships with employers and government agencies.

Equifax (NYSE: EFX) announced a partnership with the National Association of Minority Mortgage Brokers of America (NAMMBA) on Sept. 29, 2021, aimed at addressing housing needs in underserved communities. This collaboration will help expand access to credit and enhance financial literacy, particularly for diverse borrower groups, as NAMMBA estimates 75% of first-time homebuyers over the next five years will be women, millennials, or people of color. Equifax aims to utilize its data services to support these initiatives and promote financial inclusion.

Equifax (NYSE: EFX) has launched a free, translated credit report in Spanish, catering to over 62 million Spanish-speaking consumers in the U.S. This initiative marks Equifax as the first credit bureau to provide online and mailed Spanish credit reports. The move aligns with Equifax's commitment to advancing financial inclusion and enhancing consumer understanding of credit. Equifax aims to empower historically underserved communities, ensuring individuals can access their credit profiles to make informed financial decisions.

Equifax has completed the acquisition of Teletrack, a leader in alternative credit data, from CoreLogic, announced on July 27, 2021. This acquisition will enhance Equifax's DataX business, creating a leading specialty consumer reporting agency with insights on over 80 million consumers. The transaction, part of Equifax's $3 billion acquisition strategy in 2021, is not expected to materially impact 2021 financial results. The integration, supported by Equifax's cloud infrastructure, aims to improve access to credit through alternative data insights, benefiting lenders and consumers alike.

Equifax (NYSE: EFX) has launched a new cloud-based Digital Identity Suite to meet the evolving needs of the multi-family property market amid rising rental demand due to shifting consumer migration patterns. This suite aims to protect renters and property owners from identity fraud, reduce application friction, and streamline tenant screening. With over 44 million households currently renting in the U.S., the service helps property managers make informed decisions using real-time identity verification. Industry experts predict a continued increase in rental demand over the next five years.

Equifax (NYSE: EFX) announced a quarterly dividend of $0.39 per share, payable on Sept. 17, 2021, to shareholders on record as of Sept. 7, 2021. This marks over 100 consecutive years of cash dividend payments, reflecting the company's stability and commitment to returning value to shareholders. Equifax operates in 24 countries and employs over 12,000 personnel globally, underscoring its significant role in the economic landscape by providing data and analytics to various sectors.