Equitable Holdings, Inc. (NYSE:EQH) traded at $34.84 at last check on Monday, May 03, made an upward move of 1.78% on its previous day’s price.
Looking at the stock we see that its previous close was $34.23 and the beta (5Y monthly) reads 0 with the day’s price range being $34.24 – 34.94. The company has a trailing 12-month PE ratio of 0. In terms of its 52-week price range, EQH has a high of $35.18 and a low of $14.53. The company’s stock has gained about 4.94% over that past 30 days.
Equitable Holdings, Inc. has a market cap of $14.89 Billion and is expected to release its quarterly earnings report on May 05, 2021. With its Forward Dividend at 0.68 and a yield of 1.99%, the company’s investors could be anxious for the EQH stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $1.27, with the EPS growth for the year raised at $5.4 for 2021 and $6.12 for next year. These figures represent 0.08% and 0.13% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $3.58 Billion, with a low of $3.52 Billion and a high of $3.69 Billion. The median projection represents growth adding up to -6.6% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2021 is expected to hit $14.23 Billion, or +5.3% up from figures reported last year.
There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the EQH stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Based on estimates by 11 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the Equitable Holdings, Inc. (EQH) stock as a Hold, while 10 rate it as a Buy. None analyst(s) rate it as outperform while none of them rated it as underperform, whereas none suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the EQH stock currently stands at 0, and the most recent price level today is 3.51% off its SMA20 and 8.2% from its 50-day simple moving average. The RSI (14) is pointing at 64.39 while the volatility over the past week is 1.53% and jumps to 1.98% over the past one month. The beta value is 0, while the average true range (ATR) is currently pointing at 0.76. The average price target for the stock over the next 12 months is $39.36, with the estimates having a low of $32 and a high of $44. These price ends are -8.15% and +26.29% off the today’s price level respectively, although investors could be excited at the prospect of a +11.94% if the EQH share price touches on the median price of $39.
Let’s briefly compare Equitable Holdings, Inc. (EQH) stock to its peers. We find that today’s price change of +1.78% and +86.84% over the past 12 months for EQH betters that of American Express Company (AXP), which has seen its stock price rise 1.45% in the latest trading session and is +68.05% over the last one year. Another of its peers Moody's Corp (MCO) has climbed 0.99% today, and was +33.95% up over the past year, while Royalty Pharma Plc Cl A (RPRX) is also up 1.78% yet, while its price remains in the green at 86.84% over the same period. Equitable Holdings, Inc. has a P/E ratio of 0 compared to American Express Company’s 25.16 and Moody's Corp’s 30.47. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.36% and 0.83%, respectively, in early deals.
Coming back to Equitable Holdings, Inc. (NYSE:EQH), we note that the average 3-month trading volume was 3.62 Million, while that of the preceding 10-day period stands at 3.51 Million. Current shares outstanding are 428.23 Million.
According to data from Thomson Reuters, insiders hold 10.67% of the company’s shares while institutions hold 99.53%. The data shows that short shares as of April 14, 2021, stood at 20.28 Million at a short ratio of 6.27. This represents a 4.74% short interest in shares outstanding on April 14, 2021. Shares short rose in April from the previous month at 17.7 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +33.76% up in year-to-date price movement.