Equitable Holdings, Inc. (NYSE:EQH) to Post Q1 2022 Earnings of $1.50 Per Share, Jefferies Financial Group Forecasts

Equitable Holdings, Inc. (NYSE:EQHGet Rating) – Equities researchers at Jefferies Financial Group dropped their Q1 2022 earnings per share (EPS) estimates for shares of Equitable in a research report issued to clients and investors on Sunday, April 10th. Jefferies Financial Group analyst S. Kamath now expects that the company will earn $1.50 per share for the quarter, down from their prior forecast of $1.53. Jefferies Financial Group has a “Buy” rating and a $44.00 price objective on the stock. Jefferies Financial Group also issued estimates for Equitable’s Q2 2022 earnings at $1.54 EPS, Q3 2022 earnings at $1.63 EPS, Q4 2022 earnings at $1.69 EPS, FY2022 earnings at $6.35 EPS, Q1 2023 earnings at $1.73 EPS, Q2 2023 earnings at $1.76 EPS, Q3 2023 earnings at $1.87 EPS, Q4 2023 earnings at $1.95 EPS, FY2023 earnings at $7.30 EPS, FY2024 earnings at $8.25 EPS, FY2025 earnings at $9.40 EPS and FY2026 earnings at $10.75 EPS.

EQH has been the subject of several other research reports. TheStreet lowered shares of Equitable from a “b-” rating to a “c+” rating in a research report on Monday, March 14th. Royal Bank of Canada raised shares of Equitable to an “outperform” rating in a research report on Tuesday, January 4th. Barclays increased their price objective on Equitable from $42.00 to $43.00 and gave the stock an “overweight” rating in a report on Tuesday. JPMorgan Chase & Co. increased their price objective on Equitable from $34.00 to $36.00 in a report on Tuesday, January 4th. Finally, Wells Fargo & Company dropped their price target on shares of Equitable from $46.00 to $45.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 4th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $44.09.

Shares of EQH opened at $31.01 on Tuesday. The firm has a 50-day moving average price of $32.01 and a 200 day moving average price of $32.72. The firm has a market capitalization of $11.92 billion, a PE ratio of 2.22 and a beta of 1.55. Equitable has a 52-week low of $27.53 and a 52-week high of $37.13.

Equitable (NYSE:EQHGet Rating) last issued its earnings results on Thursday, February 10th. The company reported $1.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.51 by $0.03. During the same quarter last year, the firm earned $1.65 EPS.

Several institutional investors have recently bought and sold shares of the stock. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new position in shares of Equitable in the first quarter worth approximately $1,295,000. Nordea Investment Management AB increased its holdings in shares of Equitable by 1,126.0% during the first quarter. Nordea Investment Management AB now owns 294,290 shares of the company’s stock valued at $9,370,000 after acquiring an additional 270,285 shares in the last quarter. DNB Asset Management AS boosted its position in shares of Equitable by 10.8% during the first quarter. DNB Asset Management AS now owns 61,655 shares of the company’s stock valued at $1,906,000 after buying an additional 6,009 shares during the last quarter. Norges Bank purchased a new position in shares of Equitable during the fourth quarter valued at approximately $773,363,000. Finally, Walleye Capital LLC boosted its position in shares of Equitable by 19.6% during the fourth quarter. Walleye Capital LLC now owns 10,488 shares of the company’s stock valued at $344,000 after buying an additional 1,722 shares during the last quarter. 91.04% of the stock is currently owned by institutional investors.

In other Equitable news, CEO Mark Pearson sold 30,000 shares of the stock in a transaction on Tuesday, February 15th. The stock was sold at an average price of $34.44, for a total transaction of $1,033,200.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Jeffrey J. Hurd sold 8,000 shares of the firm’s stock in a transaction on Monday, March 21st. The stock was sold at an average price of $31.74, for a total value of $253,920.00. The disclosure for this sale can be found here. In the last three months, insiders sold 123,725 shares of company stock valued at $4,073,472. 0.15% of the stock is currently owned by insiders.

The company also recently declared a quarterly dividend, which was paid on Monday, March 7th. Shareholders of record on Monday, February 28th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend was Friday, February 25th. Equitable’s dividend payout ratio (DPR) is currently 5.15%.

About Equitable (Get Rating)

Equitable Holdings, Inc, together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through four segments: Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions. The Individual Retirement segment offers a suite of variable annuity products primarily to affluent and high net worth individuals.

See Also

Earnings History and Estimates for Equitable (NYSE:EQH)

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