Equitable (NYSE:EQH - Get Free Report) will likely be issuing its Q1 2025 quarterly earnings data after the market closes on Tuesday, April 29th. Analysts expect the company to announce earnings of $1.61 per share and revenue of $4.05 billion for the quarter.
Equitable (NYSE:EQH - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $1.57 EPS for the quarter, missing analysts' consensus estimates of $1.65 by ($0.08). Equitable had a net margin of 10.51% and a return on equity of 85.70%. On average, analysts expect Equitable to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.
Equitable Stock Performance
EQH stock traded down $0.38 during trading hours on Friday, reaching $49.67. The stock had a trading volume of 1,553,511 shares, compared to its average volume of 2,627,671. The stock has a market capitalization of $15.24 billion, a PE ratio of 13.00 and a beta of 1.23. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.07 and a quick ratio of 0.12. The stock has a 50-day simple moving average of $50.49 and a 200 day simple moving average of $49.36. Equitable has a fifty-two week low of $36.46 and a fifty-two week high of $56.00.
Equitable Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Wednesday, March 5th. Equitable's dividend payout ratio is currently 25.13%.
Insider Buying and Selling
In related news, insider Nick Lane sold 5,000 shares of the firm's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $47.57, for a total transaction of $237,850.00. Following the transaction, the insider now directly owns 139,073 shares of the company's stock, valued at approximately $6,615,702.61. This trade represents a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jeffrey J. Hurd sold 6,666 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $55.38, for a total transaction of $369,163.08. Following the transaction, the chief operating officer now directly owns 104,298 shares in the company, valued at approximately $5,776,023.24. This represents a 6.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 83,332 shares of company stock valued at $4,141,315. 1.10% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
EQH has been the subject of a number of recent analyst reports. BMO Capital Markets increased their price target on shares of Equitable from $69.00 to $72.00 and gave the company an "outperform" rating in a research note on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft upgraded shares of Equitable from a "hold" rating to a "buy" rating and raised their target price for the stock from $47.00 to $58.00 in a research note on Friday, January 10th. Barclays raised their target price on shares of Equitable from $60.00 to $61.00 and gave the stock an "overweight" rating in a research note on Monday, January 6th. Truist Financial raised their target price on shares of Equitable from $52.00 to $60.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. raised their target price on shares of Equitable from $53.00 to $55.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 2nd. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $60.91.
Check Out Our Latest Stock Analysis on Equitable
About Equitable
(
Get Free Report)
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.
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