Brokers Issue Forecasts for Equitable Holdings, Inc.’s FY2022 Earnings (NYSE:EQH)

Equitable Holdings, Inc. (NYSE:EQHGet Rating) – Jefferies Financial Group lowered their FY2022 earnings per share (EPS) estimates for shares of Equitable in a research report issued on Tuesday, January 17th. Jefferies Financial Group analyst S. Kamath now anticipates that the company will post earnings per share of $5.14 for the year, down from their previous forecast of $5.25. Jefferies Financial Group has a “Hold” rating and a $34.00 price target on the stock. The consensus estimate for Equitable’s current full-year earnings is $5.28 per share. Jefferies Financial Group also issued estimates for Equitable’s Q1 2023 earnings at $1.37 EPS, Q2 2023 earnings at $1.41 EPS, Q3 2023 earnings at $1.50 EPS, Q4 2023 earnings at $1.58 EPS and FY2023 earnings at $5.85 EPS.

Equitable (NYSE:EQHGet Rating) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.15. The firm had revenue of $3.46 billion during the quarter, compared to analysts’ expectations of $3.21 billion.

Several other research firms also recently weighed in on EQH. Citigroup raised their price target on Equitable from $37.00 to $38.00 in a research report on Wednesday, November 16th. Wells Fargo & Company dropped their price target on Equitable from $39.00 to $36.00 and set an “overweight” rating for the company in a research report on Wednesday. Morgan Stanley raised their price target on Equitable from $44.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 10th. Royal Bank of Canada downgraded Equitable from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $34.00 to $33.00 in a research report on Tuesday, December 6th. Finally, Truist Financial dropped their price target on Equitable from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, October 19th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Equitable has an average rating of “Moderate Buy” and a consensus price target of $37.56.

Equitable Price Performance

NYSE EQH opened at $30.28 on Friday. Equitable has a 1-year low of $24.61 and a 1-year high of $37.13. The company has a market capitalization of $11.20 billion, a P/E ratio of 4.23 and a beta of 1.43. The business has a 50 day moving average price of $30.04 and a 200 day moving average price of $29.14.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American International Group Inc. boosted its holdings in Equitable by 9.3% in the second quarter. American International Group Inc. now owns 4,007 shares of the company’s stock valued at $104,000 after acquiring an additional 342 shares during the last quarter. CWM LLC lifted its stake in shares of Equitable by 29.6% during the third quarter. CWM LLC now owns 1,501 shares of the company’s stock worth $40,000 after purchasing an additional 343 shares in the last quarter. Ethic Inc. lifted its stake in shares of Equitable by 3.9% during the first quarter. Ethic Inc. now owns 10,458 shares of the company’s stock worth $323,000 after purchasing an additional 396 shares in the last quarter. US Bancorp DE lifted its stake in shares of Equitable by 4.2% during the second quarter. US Bancorp DE now owns 10,730 shares of the company’s stock worth $279,000 after purchasing an additional 437 shares in the last quarter. Finally, M&T Bank Corp lifted its stake in shares of Equitable by 3.8% during the third quarter. M&T Bank Corp now owns 14,184 shares of the company’s stock worth $372,000 after purchasing an additional 514 shares in the last quarter. Institutional investors and hedge funds own 93.17% of the company’s stock.

Insider Activity at Equitable

In related news, CEO Mark Pearson sold 30,000 shares of Equitable stock in a transaction on Thursday, October 27th. The stock was sold at an average price of $30.05, for a total value of $901,500.00. Following the transaction, the chief executive officer now owns 435,307 shares in the company, valued at $13,080,975.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.98% of the stock is owned by insiders.

Equitable Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 5th. Investors of record on Monday, November 28th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend was Friday, November 25th. Equitable’s payout ratio is currently 11.19%.

About Equitable

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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.

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Earnings History and Estimates for Equitable (NYSE:EQH)

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