An Evaluation Of Equitable Holdings Inc (NYSE: EQH) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Earlier, Yahoo Finance discussed this stock as it revealed Equitable Holdings Announces New Leadership Appointments.

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Stocks Info

EQH belongs to the Financial sector of the NYSE while operating in the Insurance – Diversified industry. At the end of the last regular session, the stock closed at $37.39 and fluctuated between $37.53 as its day high and $37.28 as its day low. The current market capitalization of Equitable Holdings Inc is $12.33B. A total of 1.91 million shares were traded on the day, compared to an average of 2.71M shares.

In the most recent transaction, SCOTT BERTRAM L sold 7,000 shares of EQH for 35.29 per share on Mar 18 ’24. After the transaction, the Director now owns 20,902 company shares. In a previous transaction on Mar 15 ’24, HURD JEFFREY J sold 9,969 shares at 35.32 per share. EQH shares that Chief Operating Officer owns now total 151,031.

Among the insiders who sold shares, Pearson Mark disposed of 60,000 shares on Mar 01 ’24 at a per-share price of $33.77. This resulted in the President and CEO holding 703,254 shares of EQH after the transaction. In another insider transaction, HURD JEFFREY J sold 9,969 shares at $34.28 per share on Feb 29 ’24. Company shares held by the Chief Operating Officer now total 160,622.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Equitable Holdings Inc pays an annual dividend of $0.88, resulting in a dividend yield of 2.35%, and it has a price to earnings (P/E) ratio of 11.07. 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.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, EQH has a high of $37.63 and a low of $21.89.

As of this writing, EQH has an earnings estimate of $1.38 per share for the current quarter. EPS was calculated based on a consensus of 10 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

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. 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

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. 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 4.18.

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