Equitable (EQH) Scheduled to Post Quarterly Earnings on Tuesday

Equitable (NYSE:EQH) will announce its earnings results after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $1.37 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Equitable (NYSE:EQH) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.16. The firm had revenue of $3.55 billion for the quarter, compared to analysts’ expectations 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 Price Performance

Shares of NYSE:EQH opened at $36.89 on Friday. Equitable has a 1-year low of $21.89 and a 1-year high of $38.44. The company has a market capitalization of $12.09 billion, a P/E ratio of 10.91 and a beta of 1.42. The firm’s 50 day simple moving average is $35.90 and its two-hundred day simple moving average is $32.62.

Equitable Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Monday, February 26th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.39%. The ex-dividend date was Friday, February 23rd. Equitable’s dividend payout ratio is currently 26.04%.

Analysts Set New Price Targets

Several research firms have recently issued reports on EQH. Morgan Stanley lifted their price objective on shares of Equitable from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Evercore ISI lifted their price objective on shares of Equitable from $42.00 to $46.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. UBS Group boosted their price target on shares of Equitable from $34.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. JPMorgan Chase & Co. cut shares of Equitable from an “overweight” rating to a “neutral” rating and boosted their price target for the stock from $35.00 to $36.00 in a research report on Wednesday, January 3rd. Finally, Jefferies Financial Group boosted their price target on shares of Equitable from $42.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $39.67.

Insider Activity

In other news, CEO Mark Pearson sold 60,000 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $32.38, for a total transaction of $1,942,800.00. Following the completion of the sale, the chief executive officer now directly owns 619,625 shares of the company’s stock, valued at $20,063,457.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Nick Lane sold 20,000 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 144,132 shares of the company’s stock, valued at $4,903,370.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Mark Pearson sold 60,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $32.38, for a total transaction of $1,942,800.00. Following the completion of the sale, the chief executive officer now directly owns 619,625 shares of the company’s stock, valued at $20,063,457.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 241,907 shares of company stock valued at $8,338,649. 1.02% of the stock is currently owned by company 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.