DOWLING & PARTN Forecasts Weaker Earnings for Equitable

Equitable Holdings, Inc. (NYSE:EQH) – Equities researchers at DOWLING & PARTN decreased their FY2027 earnings per share estimates for Equitable in a report released on Tuesday, October 13th. DOWLING & PARTN analyst J. Hurwitz now anticipates that the company will earn $8.70 per share for the year, down from their prior forecast of $8.80. The consensus estimate for Equitable’s current full-year earnings is $7.20 per share. DOWLING & PARTN also issued estimates for Equitable’s FY2028 earnings at $10.15 EPS.

Several other analysts have also issued reports on the stock. UBS Group raised their price target on shares of Equitable from $63.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $65.00 price objective on shares of Equitable in a research report on Friday, October 9th. Barclays increased their target price on shares of Equitable from $52.00 to $61.00 and gave the company an “overweight” rating in a research note on Wednesday, October 7th. Wolfe Research cut shares of Equitable from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 9th. Finally, Evercore restated an “outperform” rating and set a $66.00 price target on shares of Equitable in a research note on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $63.18.

Equitable Stock Down 0.6%

EQH opened at $52.82 on Thursday. Equitable has a 1-year low of $35.19 and a 1-year high of $55.22. The business has a 50 day moving average of $52.11 and a 200-day moving average of $46.42. The stock has a market capitalization of $14.42 billion, a price-to-earnings ratio of -15.96, a P/E/G ratio of 0.52 and a beta of 1.10. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 8.75.

Equitable (NYSE:EQH) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.65 by $0.05. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $3.84 billion. Equitable had a positive return on equity of 511.35% and a negative net margin of 8.72%. The company’s revenue for the quarter was down 29.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.10 earnings per share.

Hedge Funds Weigh In On Equitable

A number of hedge funds and other institutional investors have recently made changes to their positions in EQH. BlackRock Inc. bought a new stake in Equitable in the second quarter valued at about $1,136,305,000. Canada Pension Plan Investment Board acquired a new position in Equitable in the second quarter worth about $399,576,000. Wellington Management Group LLP raised its position in Equitable by 6.3% in the second quarter. Wellington Management Group LLP now owns 8,784,986 shares of the company’s stock worth $385,485,000 after purchasing an additional 523,638 shares in the last quarter. Pzena Investment Management LLC bought a new position in Equitable during the second quarter worth about $244,052,000. Finally, Thornburg Investment Management Inc. lifted its stake in Equitable by 3.0% during the second quarter. Thornburg Investment Management Inc. now owns 5,142,337 shares of the company’s stock worth $225,646,000 after purchasing an additional 148,132 shares during the period. 92.70% of the stock is owned by institutional investors.

Insider Transactions at Equitable

In other Equitable news, Director Craig MacKay sold 2,200 shares of Equitable stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $51.37, for a total transaction of $113,014.00. Following the sale, the director owned 18,999 shares in the company, valued at $975,978.63. The trade was a 10.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Mark Pearson sold 39,700 shares of the business’s stock in a transaction on Monday, July 20th. The shares were sold at an average price of $48.54, for a total transaction of $1,927,038.00. Following the completion of the sale, the chief executive officer directly owned 753,403 shares in the company, valued at $36,570,181.62. This trade represents a 5.01% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 72,516 shares of company stock valued at $3,658,629 over the last 90 days. Corporate insiders own 1.00% of the company’s stock.

Equitable Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Monday, August 3rd were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Monday, August 3rd. Equitable’s dividend payout ratio (DPR) is -36.25%.

Equitable Company Profile

Equitable Holdings, Inc is a financial services company that provides retirement, protection and investment management solutions to individuals, businesses and institutions. Its businesses operate primarily in the United States and serve clients through financial professionals, employer-sponsored retirement plans and institutional relationships.

Through its Equitable business, the company offers life insurance, annuities, individual retirement products and employee benefits. Its offerings are designed to help customers accumulate and protect assets, generate retirement income and address long-term financial planning needs.