Equitable Holdings, Inc. (EQH) To Go Ex-Dividend on August 3rd

Equitable Holdings, Inc. (NYSE:EQH) declared a quarterly dividend on Wednesday, July 22nd. Shareholders of record on Monday, August 3rd will be paid a dividend of 0.30 per share on Monday, August 10th. This represents a c) dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Monday, August 3rd.

Equitable has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Equitable has a dividend payout ratio of 14.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Equitable to earn $8.76 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 13.7%.

Equitable Price Performance

EQH opened at $47.45 on Friday. The firm has a 50-day moving average of $44.39 and a 200 day moving average of $42.93. The company has a debt-to-equity ratio of 8.75, a quick ratio of 0.11 and a current ratio of 0.11. Equitable has a fifty-two week low of $35.19 and a fifty-two week high of $55.24. The firm has a market cap of $12.95 billion, a P/E ratio of -16.71, a PEG ratio of 0.48 and a beta of 1.10.

Equitable (NYSE:EQH) last posted its quarterly earnings results on Monday, May 4th. The company reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.02. Equitable had a negative net margin of 7.26% and a positive return on equity of 232.29%. The company had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $3.95 billion. During the same quarter in the previous year, the firm posted $1.35 EPS. Equitable’s revenue was down 7.6% on a year-over-year basis. On average, research analysts expect that Equitable will post 7.13 EPS for the current year.

Analyst Ratings Changes

EQH has been the subject of a number of analyst reports. Zacks Research raised Equitable from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. UBS Group upped their price objective 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. Wells Fargo & Company raised their target price on shares of Equitable from $57.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Mizuho boosted their price target on shares of Equitable from $61.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, July 9th. Finally, Jefferies Financial Group increased their price target on shares of Equitable from $64.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Equitable presently has an average rating of “Moderate Buy” and a consensus target price of $60.08.

Equitable Company Profile

Equitable Holdings, Inc (NYSE: EQH) is a leading provider of life insurance, annuities and retirement plan services in the United States. Through its insurance subsidiary, AXA Equitable Life Insurance Company, the firm offers a broad range of permanent and term life insurance products designed to help individuals and families manage risk and build wealth. In addition, Equitable provides fixed, variable and indexed annuity solutions to support income planning in retirement, as well as a suite of group retirement and pension plan services for employers and plan sponsors.

The company also maintains an asset management arm that delivers investment strategies across equities, fixed income and alternative asset classes for both retail and institutional clients.