Zacks: Brokerages Expect AXA Equitable Holdings Inc (NYSE:EQH) Will Post Earnings of $1.07 Per Share

Brokerages predict that AXA Equitable Holdings Inc (NYSE:EQH) will announce earnings of $1.07 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for AXA Equitable’s earnings. The lowest EPS estimate is $1.03 and the highest is $1.10. AXA Equitable reported earnings of $1.23 per share during the same quarter last year, which would indicate a negative year over year growth rate of 13%. The business is expected to announce its next earnings results on Monday, November 11th.

On average, analysts expect that AXA Equitable will report full-year earnings of $4.23 per share for the current year, with EPS estimates ranging from $4.05 to $4.34. For the next fiscal year, analysts anticipate that the business will report earnings of $4.62 per share, with EPS estimates ranging from $4.45 to $4.75. Zacks’ EPS averages are a mean average based on a survey of research firms that cover AXA Equitable.

AXA Equitable (NYSE:EQH) last issued its earnings results on Thursday, August 8th. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.11. The firm had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.22 billion. During the same quarter in the previous year, the company posted $0.90 earnings per share. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year.

Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded AXA Equitable from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Wednesday. ValuEngine cut AXA Equitable from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Royal Bank of Canada set a $26.00 target price on AXA Equitable and gave the stock a “buy” rating in a report on Friday, August 9th. Evercore ISI set a $28.00 target price on AXA Equitable and gave the stock a “buy” rating in a report on Friday, August 9th. Finally, Wells Fargo & Co restated a “hold” rating and set a $22.00 target price on shares of AXA Equitable in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $24.00.

Shares of EQH stock traded up $0.45 during trading hours on Friday, hitting $20.30. 1,235,679 shares of the company’s stock were exchanged, compared to its average volume of 2,154,426. The stock’s 50-day moving average is $21.60 and its 200-day moving average is $20.98. The stock has a market cap of $10.19 billion, a price-to-earnings ratio of 5.22, a price-to-earnings-growth ratio of 0.64 and a beta of 1.33. AXA Equitable has a 52 week low of $14.72 and a 52 week high of $23.21.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Stockholders of record on Thursday, August 22nd will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $0.60 annualized dividend and a dividend yield of 2.96%. AXA Equitable’s dividend payout ratio is currently 15.42%.

In other AXA Equitable news, major shareholder Axa sold 40,000,000 shares of AXA Equitable stock in a transaction on Friday, June 7th. The stock was sold at an average price of $20.85, for a total value of $834,000,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Mark Pearson acquired 49,000 shares of the company’s stock in a transaction on Thursday, June 27th. The stock was bought at an average cost of $20.34 per share, with a total value of $996,660.00. The disclosure for this purchase can be found here. Insiders own 0.16% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in EQH. Invesco Ltd. raised its holdings in AXA Equitable by 160.9% in the 2nd quarter. Invesco Ltd. now owns 20,928,587 shares of the company’s stock valued at $437,408,000 after acquiring an additional 12,907,089 shares in the last quarter. Vanguard Group Inc. raised its holdings in AXA Equitable by 42.2% in the 2nd quarter. Vanguard Group Inc. now owns 29,462,606 shares of the company’s stock valued at $615,769,000 after acquiring an additional 8,745,196 shares in the last quarter. Viking Global Investors LP raised its holdings in AXA Equitable by 1,197.3% in the 2nd quarter. Viking Global Investors LP now owns 8,842,350 shares of the company’s stock valued at $184,805,000 after acquiring an additional 8,160,750 shares in the last quarter. BlackRock Inc. raised its holdings in AXA Equitable by 40.4% in the 1st quarter. BlackRock Inc. now owns 26,272,619 shares of the company’s stock valued at $529,130,000 after acquiring an additional 7,558,072 shares in the last quarter. Finally, Nuveen Asset Management LLC acquired a new position in AXA Equitable in the 2nd quarter valued at $67,908,000. 52.51% of the stock is owned by hedge funds and other institutional investors.

AXA Equitable Company Profile

AXA Equitable Holdings, Inc operates as a diversified financial services company worldwide. It operates through four segments: Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions. The Individual Retirement segment offers a suite of variable annuity products primarily to affluent and high net worth individuals.

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Earnings History and Estimates for AXA Equitable (NYSE:EQH)

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