Brokers Issue Forecasts for Equitable Holdings, Inc.’s FY2022 Earnings (NYSE:EQH)

Equitable Holdings, Inc. (NYSE:EQHGet Rating) – Equities researchers at Jefferies Financial Group dropped their FY2022 earnings per share estimates for Equitable in a report released on Tuesday, January 17th. Jefferies Financial Group analyst S. Kamath now forecasts that the company will post earnings of $5.14 per share for the year, down from their previous estimate of $5.25. Jefferies Financial Group currently has a “Hold” rating and a $34.00 target price on the stock. The consensus estimate for Equitable’s current full-year earnings is $5.28 per share. Jefferies Financial Group also issued estimates for Equitable’s Q1 2023 earnings at $1.37 EPS, Q2 2023 earnings at $1.41 EPS, Q3 2023 earnings at $1.50 EPS, Q4 2023 earnings at $1.58 EPS and FY2023 earnings at $5.85 EPS.

Equitable (NYSE:EQHGet Rating) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.15. The business had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.21 billion.

A number of other equities research analysts also recently weighed in on EQH. Citigroup upped their target price on Equitable from $37.00 to $38.00 in a research report on Wednesday, November 16th. Morgan Stanley upped their target price on Equitable from $44.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 10th. Truist Financial cut their target price on Equitable from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, October 19th. Royal Bank of Canada downgraded Equitable from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $34.00 to $33.00 in a research report on Tuesday, December 6th. Finally, Wells Fargo & Company cut their target price on Equitable from $39.00 to $36.00 and set an “overweight” rating for the company in a research report on Wednesday. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Equitable has an average rating of “Moderate Buy” and an average price target of $37.56.

Equitable Price Performance

EQH opened at $30.28 on Friday. The company has a market capitalization of $11.20 billion, a price-to-earnings ratio of 4.23 and a beta of 1.43. Equitable has a 1-year low of $24.61 and a 1-year high of $37.13. The business has a 50 day moving average price of $30.04 and a two-hundred day moving average price of $29.14.

Equitable Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 5th. Shareholders of record on Monday, November 28th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, November 25th. This represents a $0.80 annualized dividend and a dividend yield of 2.64%. Equitable’s dividend payout ratio is currently 11.19%.

Insider Buying and Selling at Equitable

In other Equitable news, CEO Mark Pearson sold 30,000 shares of the business’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $30.19, for a total transaction of $905,700.00. Following the sale, the chief executive officer now directly owns 425,307 shares of the company’s stock, valued at approximately $12,840,018.33. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.98% of the stock is owned by corporate insiders.

Institutional Trading of Equitable

Large investors have recently added to or reduced their stakes in the company. CWM LLC raised its stake in Equitable by 29.6% during the 3rd quarter. CWM LLC now owns 1,501 shares of the company’s stock valued at $40,000 after purchasing an additional 343 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Equitable by 80.9% in the third quarter. EverSource Wealth Advisors LLC now owns 1,588 shares of the company’s stock worth $43,000 after acquiring an additional 710 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of Equitable by 1,608.8% in the second quarter. Fifth Third Bancorp now owns 1,743 shares of the company’s stock worth $45,000 after acquiring an additional 1,641 shares during the last quarter. Romano Brothers AND Company acquired a new position in shares of Equitable in the fourth quarter worth $79,000. Finally, American International Group Inc. increased its stake in shares of Equitable by 9.3% in the second quarter. American International Group Inc. now owns 4,007 shares of the company’s stock worth $104,000 after acquiring an additional 342 shares during the last quarter. 93.17% of the stock is owned by institutional investors and hedge funds.

About Equitable

(Get Rating)

Equitable Holdings, Inc, together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through four segments: Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions. The Individual Retirement segment offers a suite of variable annuity products primarily to affluent and high net worth individuals.

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Earnings History and Estimates for Equitable (NYSE:EQH)

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