Equitable (EQH) Set to Announce Earnings on Monday

Equitable (NYSE:EQH - Get Free Report) is scheduled to be announcing 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. Parties that wish to listen to the company's conference call can do so using this link.

Equitable (NYSE:EQH - Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates of $1.40 by $0.03. The company had revenue of $3.51 billion during the quarter, compared to analysts' expectations of $3.71 billion. Equitable had a return on equity of 87.49% and a net margin of 7.87%. Equitable's quarterly revenue was up 47.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.17 EPS. 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

NYSE EQH traded up $0.87 during trading hours on Monday, reaching $45.84. The company's stock had a trading volume of 1,792,769 shares, compared to its average volume of 2,483,367. The firm has a market capitalization of $14.53 billion, a price-to-earnings ratio of 19.10 and a beta of 1.41. Equitable has a 1-year low of $24.65 and a 1-year high of $46.30. The company has a debt-to-equity ratio of 3.06, a current ratio of 0.12 and a quick ratio of 0.12. The company's 50-day moving average is $42.36 and its two-hundred day moving average is $40.86.

Analyst Ratings Changes

EQH has been the subject of a number of analyst reports. Citigroup upped their price target on Equitable from $41.00 to $53.00 and gave the stock a "buy" rating in a report on Tuesday, July 23rd. Wells Fargo & Company boosted their price objective on Equitable from $43.00 to $47.00 and gave the stock an "overweight" rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. boosted their price objective on Equitable from $36.00 to $45.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 2nd. Barclays boosted their price objective on Equitable from $59.00 to $60.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 8th. Finally, Truist Financial boosted their price objective on Equitable from $44.00 to $52.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $48.70.

Insider Buying and Selling

In related news, CAO William James Iv Eckert sold 3,500 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $42.42, for a total value of $148,470.00. Following the completion of the transaction, the chief accounting officer now directly owns 19,321 shares in the company, valued at approximately $819,596.82. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Equitable news, CAO William James Iv Eckert sold 3,500 shares of the company's stock in a transaction 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 represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark Pearson sold 30,000 shares of the company's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $40.78, for a total value of $1,223,400.00. Following the transaction, the chief executive officer now owns 668,555 shares in the company, valued at $27,263,672.90. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 93,500 shares of company stock worth $3,969,870. Company insiders own 1.10% of the company's stock.

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.