Equitable (EQH) to Release Quarterly Earnings on Wednesday

Equitable (NYSE:EQH) is expected to be issuing its quarterly earnings data after the market closes on Wednesday, February 5th. Analysts expect the company to announce earnings of $1.65 per share and revenue of $3.98 billion for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Equitable (NYSE:EQH) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.53. Equitable had a negative net margin of 2.64% and a positive return on equity of 76.47%. The business had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter last year, the firm earned $1.15 earnings per share. The firm’s quarterly revenue was down 15.1% compared to the same quarter last year. On average, analysts expect Equitable to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Equitable Trading Up 1.2 %

Shares of NYSE EQH opened at $53.74 on Wednesday. Equitable has a fifty-two week low of $31.76 and a fifty-two week high of $54.62. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.12 and a current ratio of 0.12. The company has a market cap of $16.84 billion, a price-to-earnings ratio of -49.30 and a beta of 1.39. The business’s 50 day moving average price is $48.58 and its 200-day moving average price is $44.79.

Equitable Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 26th were paid a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $0.96 dividend on an annualized basis and a yield of 1.79%. Equitable’s payout ratio is -88.07%.

Insiders Place Their Bets

In other news, CEO Mark Pearson sold 30,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $47.43, for a total value of $1,422,900.00. Following the completion of the sale, the chief executive officer now directly owns 648,555 shares in the company, valued at $30,760,963.65. This represents a 4.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO William James Iv Eckert sold 1,700 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $46.68, for a total transaction of $79,356.00. Following the transaction, the chief accounting officer now owns 17,677 shares in the company, valued at $825,162.36. The trade was a 8.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 161,698 shares of company stock worth $7,904,806. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EQH. Wells Fargo & Company decreased their price objective on shares of Equitable from $54.00 to $53.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. BMO Capital Markets assumed coverage on Equitable in a research report on Thursday, January 23rd. They set an “outperform” rating and a $70.00 price objective on the stock. JPMorgan Chase & Co. lifted their price target on shares of Equitable from $45.00 to $53.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Equitable from a “hold” rating to a “buy” rating and upped their price objective for the company from $47.00 to $58.00 in a report on Friday, January 10th. Finally, Keefe, Bruyette & Woods upgraded Equitable from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $54.00 to $58.00 in a research note on Monday, December 9th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $53.67.

About Equitable

Equitable Holdings, Inc, together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through six segments: Individual Retirement, Group Retirement, Investment Management and Research, Protection Solutions, Wealth Management, and Legacy.