Equitable (EQH) Scheduled to Post Earnings on Monday

Equitable (NYSE:EQH) is set to announce its earnings results after the market closes on Monday, November 4th. Analysts expect the company to announce 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 released its quarterly earnings data on Tuesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.03. Equitable had a return on equity of 87.49% and a net margin of 7.87%. The company had revenue of $3.51 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same period in the previous year, the company posted $1.17 EPS. The firm’s revenue for the quarter was up 47.7% 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 Down 0.5 %

Shares of EQH opened at $45.13 on Friday. The business’s 50-day moving average price is $42.75 and its 200-day moving average price is $41.06. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 3.06. Equitable has a twelve month low of $25.42 and a twelve month high of $46.48. The stock has a market cap of $14.30 billion, a PE ratio of 18.80 and a beta of 1.41.

Analysts Set New Price Targets

EQH has been the subject of several analyst reports. Truist Financial raised their price target on shares of Equitable from $44.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Morgan Stanley decreased their target price on Equitable from $48.00 to $46.00 and set an “overweight” rating on the stock in a research note on Monday, August 19th. Keefe, Bruyette & Woods lifted their price target on Equitable from $43.00 to $44.00 and gave the company a “market perform” rating in a research report on Monday, July 8th. Barclays upped their price objective on shares of Equitable from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Finally, Citigroup raised their target price on shares of Equitable from $41.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $48.70.

Insider Transactions at Equitable

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 transaction, the chief accounting officer now owns 19,321 shares in the company, valued at $819,596.82. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO William James Iv Eckert sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $42.42, for a total transaction of $148,470.00. Following the transaction, the chief accounting officer now directly owns 19,321 shares in the company, valued at $819,596.82. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction that occurred 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 $27,263,672.90. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 93,500 shares of company stock worth $3,969,870. 1.10% of the stock is currently owned by 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.