Equitable (EQH) Scheduled to Post Quarterly Earnings on Monday

Equitable (NYSE:EQH) is scheduled to be posting its quarterly earnings results after the market closes on Monday, November 4th. Analysts expect Equitable to post earnings of $1.54 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 posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.03. Equitable had a net margin of 7.87% and a return on equity of 87.49%. The firm had revenue of $3.51 billion during the quarter, compared to analyst estimates of $3.71 billion. During the same quarter last year, the business posted $1.17 EPS. The company’s revenue was up 47.7% on a year-over-year basis. On average, analysts expect Equitable to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Equitable Trading Down 1.7 %

NYSE EQH opened at $44.97 on Monday. Equitable has a twelve month low of $24.65 and a twelve month high of $46.30. The company has a debt-to-equity ratio of 3.06, a quick ratio of 0.12 and a current ratio of 0.12. The stock has a market cap of $14.25 billion, a price-to-earnings ratio of 18.74 and a beta of 1.41. The firm’s 50 day moving average price is $42.26 and its two-hundred day moving average price is $40.80.

Analysts Set New Price Targets

Several research firms have weighed in on EQH. JPMorgan Chase & Co. lifted their price objective on shares of Equitable from $36.00 to $45.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 2nd. Keefe, Bruyette & Woods lifted their price objective on shares of Equitable from $43.00 to $44.00 and gave the stock a “market perform” rating in a research report on Monday, July 8th. Truist Financial lifted their price objective on shares of Equitable from $44.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Morgan Stanley decreased their target price on shares of Equitable from $48.00 to $46.00 and set an “overweight” rating for the company in a research note on Monday, August 19th. Finally, Barclays lifted their target price on shares of Equitable from $59.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Equitable currently has a consensus rating of “Moderate Buy” and an average price target of $48.70.

Insider Activity at Equitable

In related news, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction on Monday, September 16th. The shares were sold at an average price of $40.78, for a total value of $1,223,400.00. Following the completion of the sale, the chief executive officer now owns 668,555 shares of the company’s stock, valued at approximately $27,263,672.90. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO William James Iv Eckert sold 3,500 shares of Equitable stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $42.42, for a total value of $148,470.00. Following the completion of the sale, the chief accounting officer now owns 19,321 shares of the company’s stock, valued at approximately $819,596.82. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $40.78, for a total transaction of $1,223,400.00. Following the transaction, the chief executive officer now directly owns 668,555 shares of the company’s stock, valued at approximately $27,263,672.90. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 93,500 shares of company stock valued at $3,969,870. Insiders own 1.10% of the company’s stock.

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.