Equitable Holdings Inc (EQH): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Recently, Yahoo Finance discussed the stock, revealing that Equitable Holdings Announces New Leadership Appointments.

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Stocks Info

This NYSE-listed company operates within the Insurance – Diversified industry segment, falling under the Financial sector. At the end of the last regular session, the stock closed at $34.65 and fluctuated between $34.69 as its day high and $33.91 as its day low. The current market capitalization of Equitable Holdings Inc is $11.42B. A total of 2.3 million shares were traded on the day, compared to an average of 3.81M shares.

In the most recent transaction, Pearson Mark sold 60,000 shares of EQH for 33.77 per share on Mar 01 ’24. After the transaction, the President and CEO now owns 703,254 company shares. In a previous transaction on Feb 29 ’24, HURD JEFFREY J sold 9,969 shares at 34.28 per share. EQH shares that Chief Operating Officer owns now total 160,622.

Among the insiders who sold shares, Stonehill Charles G.T. disposed of 5,000 shares on Feb 21 ’24 at a per-share price of $34.02. This resulted in the Director holding 29,758 shares of EQH after the transaction. In another insider transaction, Lane Nick sold 20,000 shares at $34.27 per share on Feb 15 ’24. Company shares held by the now total 166,095.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Equitable Holdings Inc pays an annual dividend of $0.88, resulting in a dividend yield of 2.54%, and it has a price to earnings (P/E) ratio of 10.26. EQH’s most recent ex-dividend date was 2/23/2024 when it declared a $0.22 quarterly dividend that was paid in cash on 3/4/2024. Previously, the company paid the dividend on 12/4/2023 with an ex-dividend date of 11/24/2023. The EQH stock dividend was $0.22 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, EQH has a high of $35.34 and a low of $21.89.

As of this writing, EQH has an earnings estimate of $1.39 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $1.45 per share and a lower estimate of $1.31. The company reported an EPS of $1.15 in the last quarter, which was -13.50% lower than expectations of $1.33.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. EQH’s latest balance sheet shows that the firm has $83.40B in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $3.26, while its Total Shareholder’s Equity was $13.56B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for EQH is Buy with a score of 4.25.

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