Equitable (NYSE:EQH) Releases Earnings Results

Equitable (NYSE:EQH) announced its quarterly earnings results on Monday. The company reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.27, FiscalAI reports. Equitable had a negative net margin of 8.72% and a positive return on equity of 511.35%. The company had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.75 billion.

Equitable Trading Up 0.7%

EQH traded up $0.36 during trading on Monday, reaching $54.21. 2,418,678 shares of the company’s stock were exchanged, compared to its average volume of 3,473,336. Equitable has a one year low of $35.19 and a one year high of $55.67. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 8.75. The stock has a market capitalization of $14.80 billion, a PE ratio of -16.38, a price-to-earnings-growth ratio of 0.53 and a beta of 1.10. The firm has a fifty day moving average price of $52.68 and a two-hundred day moving average price of $45.91.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EQH. Weiss Ratings raised Equitable from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. Raymond James Financial restated a “strong-buy” rating and set a $65.00 price objective on shares of Equitable in a research report on Friday, October 9th. Keefe, Bruyette & Woods upped their target price on Equitable from $62.00 to $67.00 and gave the stock an “outperform” rating in a report on Tuesday, August 11th. Barclays increased their target price on Equitable from $52.00 to $61.00 and gave the company an “overweight” rating in a research report on Wednesday, October 7th. Finally, Wolfe Research lowered Equitable from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $63.18.

Insider Transactions at Equitable

In other news, Director Charles Stonehill sold 7,500 shares of the firm’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $51.54, for a total transaction of $386,550.00. Following the completion of the transaction, the director directly owned 34,357 shares in the company, valued at $1,770,759.78. This trade represents a 17.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nick Lane sold 14,923 shares of the firm’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $53.24, for a total value of $794,500.52. Following the transaction, the insider owned 110,007 shares of the company’s stock, valued at $5,856,772.68. This trade represents a 11.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 32,816 shares of company stock worth $1,731,591. 1.00% of the stock is currently owned by insiders.

Equitable Company Profile

Equitable Holdings, Inc (NYSE: EQH) is a financial services company that provides retirement, protection and wealth management solutions to individuals, families and institutions. Its businesses offer life insurance, annuities, investment products, retirement planning and financial advice.

Through Equitable, the company provides life insurance and retirement products, while Equitable Advisors offers financial planning, investment advisory and insurance services through a network of financial professionals.