Equitable (EQH) Scheduled to Post Earnings on Monday

Equitable (NYSE:EQH) will post its quarterly earnings results after the market closes on Monday, November 4th. Analysts expect Equitable to post earnings of $1.54 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Equitable Price Performance

Shares of EQH stock opened at $45.13 on Friday. The firm’s 50-day moving average is $42.75 and its two-hundred day moving average is $41.06. Equitable has a 12 month low of $25.42 and a 12 month high of $46.48. 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 has a market capitalization of $14.30 billion, a PE ratio of 18.80 and a beta of 1.41.

Insider Buying and Selling

In other news, CEO Mark Pearson sold 30,000 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $44.40, for a total value of $1,332,000.00. Following the transaction, the chief executive officer now owns 658,555 shares in the company, valued at approximately $29,239,842. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Equitable news, CAO William James Iv Eckert sold 3,500 shares of Equitable stock in a transaction that occurred 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 owns 19,321 shares of the company’s stock, valued at $819,596.82. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Mark Pearson sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $44.40, for a total transaction of $1,332,000.00. Following the transaction, the chief executive officer now owns 658,555 shares in the company, valued at approximately $29,239,842. 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 ninety days, insiders have sold 93,500 shares of company stock worth $3,969,870. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on EQH shares. Citigroup increased their price objective on Equitable from $41.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Morgan Stanley reduced their price objective on shares of Equitable from $48.00 to $46.00 and set an “overweight” rating on the stock in a report on Monday, August 19th. Keefe, Bruyette & Woods increased their target price on shares of Equitable from $43.00 to $44.00 and gave the stock a “market perform” rating in a research note on Monday, July 8th. Barclays boosted their price target on shares of Equitable from $59.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Finally, Wells Fargo & Company boosted their target price on Equitable from $43.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.70.

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.