Equitable (EQH) Expected to Announce Earnings on Wednesday

Equitable (NYSE:EQH - Get Free Report) is expected to be announcing its earnings results 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. Investors interested in listening to the company's conference call can do so using this link.

Equitable (NYSE:EQH - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported $1.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.53. The firm had revenue of $3.08 billion during the quarter, compared to analysts' expectations of $3.78 billion. Equitable had a negative net margin of 2.64% and a positive return on equity of 76.47%. The company's revenue was down 15.1% on a year-over-year basis. During the same period in the prior year, the company posted $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 Trading Down 0.0 %

NYSE EQH traded down $0.01 on Wednesday, reaching $53.68. The company had a trading volume of 1,489,545 shares, compared to its average volume of 2,679,471. The firm has a market cap of $16.82 billion, a price-to-earnings ratio of -49.41 and a beta of 1.39. Equitable has a fifty-two week low of $31.76 and a fifty-two week high of $54.62. The business has a 50 day moving average of $48.58 and a two-hundred day moving average of $44.79. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.12 and a quick ratio of 0.12.

Equitable Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 26th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.79%. Equitable's dividend payout ratio (DPR) is -88.07%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on EQH shares. 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 raised their target price for the stock from $47.00 to $58.00 in a research note on Friday, January 10th. Keefe, Bruyette & Woods raised Equitable from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $54.00 to $58.00 in a research note on Monday, December 9th. Barclays lifted their price objective on shares of Equitable from $60.00 to $61.00 and gave the company an "overweight" rating in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. increased their target price on shares of Equitable from $45.00 to $53.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $53.67.

Insider Activity at Equitable

In other Equitable news, COO Jeffrey J. Hurd sold 6,666 shares of the firm's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $47.53, for a total transaction of $316,834.98. Following the transaction, the chief operating officer now directly owns 105,246 shares in the company, valued at approximately $5,002,342.38. This trade represents a 5.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO William James Iv Eckert sold 1,700 shares of the company's stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $46.68, for a total transaction of $79,356.00. Following the completion of the sale, the chief accounting officer now owns 17,677 shares of the company's stock, valued at approximately $825,162.36. The trade was a 8.77 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 161,698 shares of company stock valued at $7,904,806. 1.10% of the stock is owned by corporate insiders.

About Equitable

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.