Equifax Inc Stock Price, News & Analysis

Equifax (NYSE: EFX) announced a conference call scheduled for September 8, 2020, at 4:30 PM ET, where CEO Mark Begor and CFO John Gamble will discuss market and business revenue trends. Investors can access related presentation materials at investor.equifax.com prior to the call. The call will be available for replay on the same site the following day, providing insights into the company's financial landscape.

Equifax (NYSE: EFX) has launched the B2bConnect business marketing suite, aimed at assisting enterprises in navigating the current economic landscape. This suite offers insights into over 150 million global companies, including 53 million U.S. businesses and 80 million B2B contacts. Key features include the DigitalConnect purchase intent tool, enabling targeted marketing campaigns. The suite assists in creating target personas, managing customer relationships with a comprehensive view, and retaining clients through personalized experiences. B2bConnect is now available for enterprises seeking to enhance their marketing efficiency.

Equifax Canada's latest report shows that total consumer debt reached $1.991 trillion in Q2 2020, marking a 2.8% increase from Q2 2019. Average debt per person rose to $73,532, a 2.2% year-over-year gain. Strong mortgage activity, driven by a recovery in the housing market and refinancing efforts, contributed significantly. However, non-mortgage debt decreased, reflecting economic impacts from COVID-19. The 90+ day delinquency rate for non-mortgage debt was 1.24%, up 10.6%% from last year. Payment deferrals were widely utilized, with notable usage among the 35–44 age group.

Equifax (NYSE: EFX) has appointed Dorian Hare as Senior Vice President of Corporate Investor Relations, effective September 8. He replaces Trevor Burns, who transitions to Senior Financial Officer for Global Consumer Solutions. Hare joins from Moody's, where he was SVP of Investor Relations, bringing extensive experience in financial planning. CEO Mark W. Begor emphasized Hare's expertise in communicating corporate strategies, especially regarding Equifax's cloud transformation. Hare holds a B.S. from the University of Southern California and an M.B.A. from the Wharton School.

Equifax is hosting Ignite LIVE 2020, a free virtual conference on September 15-16, 2020, aimed at helping attendees navigate economic uncertainty. The event will feature data scientists and analytics experts who will discuss strategies for managing risk and business growth. Key topics include leveraging alternative data for credit decisions and insights into changing consumer behaviors. Attendees will learn about enhanced analytics, including explainable AI and digital access to commercial data, to enhance their decision-making abilities.

Equifax (NYSE: EFX) has launched a new Response RECOVERY solution suite aimed at helping consumers and businesses during the COVID-19 economy. This suite utilizes advanced analytics and data to assist lenders in providing better support to customers in need. Key features include enhanced consumer credit access, trend analysis through the Equifax Ignite Market Intelligence Sandbox, and cloud-based Smart Alerts for real-time decision-making. The suite is now available and aims to bolster the financial services sector while supporting small businesses.

Equifax (NYSE: EFX) strengthens its commercial credit data solutions by acquiring Ansonia Credit Data, a leading provider of business credit and accounts receivable data. This strategic move integrates Ansonia's data into PayNet, enhancing Equifax's offerings, particularly in the transportation and logistics sectors. Ansonia boasts over $1.3 trillion in accounts receivable data from seven million businesses across more than 140 industries. The acquisition aims to provide lenders with deeper insights, improving credit decisions for small and medium-sized enterprises.

Equifax (NYSE: EFX) reported strong financial results for Q2 2020, with revenue reaching $982.8 million, a 12% increase year-over-year. Net income soared 44% to $95.9 million, resulting in diluted EPS of $0.78, up from $0.55 in 2019. The Workforce Solutions segment experienced 53% revenue growth to $352.9 million, while International revenue fell 21% to $180.5 million. The company maintains strong liquidity, with $1.3 billion in cash and access to additional credit. This performance highlights Equifax's resilience amid the pandemic.

Equifax (NYSE: EFX) announced a quarterly dividend of $0.39 per share, payable on September 15, 2020, to shareholders of record by August 25, 2020. This marks over 100 consecutive years of cash dividend payments. The company's consistent policy reflects its confidence in long-term financial stability and commitment to shareholder returns. Based in Atlanta, Equifax operates in 24 countries globally, emphasizing data, analytics, and technology.