Equitable (EQH) Set to Announce Earnings on Tuesday

Equitable (NYSE:EQH) will be posting its quarterly earnings results after the market closes on Tuesday, April 30th. Analysts expect Equitable to post earnings of $1.37 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Equitable (NYSE:EQH) last announced its earnings results on Tuesday, February 6th. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.16. The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.50 billion. On average, analysts expect Equitable to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Equitable Stock Up 1.3 %

Shares of NYSE:EQH opened at $37.03 on Tuesday. The firm has a market cap of $12.13 billion, a P/E ratio of 10.96 and a beta of 1.42. Equitable has a 12-month low of $21.89 and a 12-month high of $38.44. The business has a fifty day simple moving average of $35.63 and a 200 day simple moving average of $32.41.

Equitable Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Monday, February 26th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend was Friday, February 23rd. Equitable’s dividend payout ratio is currently 26.04%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Keefe, Bruyette & Woods increased their price target on Equitable from $39.00 to $41.00 and gave the stock a “market perform” rating in a report on Wednesday, April 10th. UBS Group increased their price target on Equitable from $34.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. Morgan Stanley increased their price target on Equitable from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. JPMorgan Chase & Co. downgraded Equitable from an “overweight” rating to a “neutral” rating and increased their price target for the stock from $35.00 to $36.00 in a report on Wednesday, January 3rd. Finally, Jefferies Financial Group increased their price target on Equitable from $42.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, March 22nd. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $39.67.

Insiders Place Their Bets

In other Equitable news, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $37.66, for a total transaction of $1,129,800.00. Following the transaction, the chief executive officer now owns 695,025 shares of the company’s stock, valued at approximately $26,174,641.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Nick Lane sold 20,000 shares of Equitable stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $34.02, for a total value of $680,400.00. Following the completion of the transaction, the insider now directly owns 144,132 shares in the company, valued at approximately $4,903,370.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $37.66, for a total transaction of $1,129,800.00. Following the completion of the transaction, the chief executive officer now owns 695,025 shares of the company’s stock, valued at $26,174,641.50. The disclosure for this sale can be found here. Insiders have sold a total of 241,907 shares of company stock valued at $8,338,649 in the last 90 days. 1.02% of the stock is currently owned by corporate insiders.

Equitable Company Profile

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.