Equitable (EQH) Expected to Announce Quarterly Earnings on Wednesday

Equitable (NYSE:EQH) is projected to issue 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. Individual interested in registering 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 for the quarter, hitting the consensus estimate of $1.53. The business had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.78 billion. Equitable had a positive return on equity of 76.47% and a negative net margin of 2.64%. Equitable’s revenue for the quarter was down 15.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.15 EPS. On average, analysts expect Equitable to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Equitable Stock Performance

NYSE EQH opened at $54.46 on Monday. The stock has a market cap of $17.06 billion, a PE ratio of -49.96 and a beta of 1.39. 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 firm’s fifty day moving average price is $49.02 and its two-hundred day moving average price is $45.04. Equitable has a fifty-two week low of $31.76 and a fifty-two week high of $54.82.

Equitable Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 26th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend was Tuesday, November 26th. Equitable’s dividend payout ratio (DPR) is currently -88.07%.

Insiders Place Their Bets

In related news, CAO William James Iv Eckert sold 1,700 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $46.68, for a total transaction of $79,356.00. Following the completion of the transaction, the chief accounting officer now owns 17,677 shares in the company, valued at approximately $825,162.36. This represents a 8.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nick Lane sold 25,000 shares of Equitable stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $51.65, for a total transaction of $1,291,250.00. Following the completion of the sale, the insider now directly owns 121,629 shares in the company, valued at approximately $6,282,137.85. This represents a 17.05 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 161,698 shares of company stock valued at $7,904,806. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on EQH shares. Keefe, Bruyette & Woods raised Equitable from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $54.00 to $58.00 in a report on Monday, December 9th. Wells Fargo & Company dropped their target price on shares of Equitable from $54.00 to $53.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft raised Equitable from a “hold” rating to a “buy” rating and boosted their price objective for the company from $47.00 to $58.00 in a research note on Friday, January 10th. JPMorgan Chase & Co. boosted their price target on Equitable from $45.00 to $53.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Finally, Barclays boosted their target price on shares of Equitable from $60.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $53.67.

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.