Equitable Holdings Inc (EQH) Is A Bargain Stock You Should Check Out

Equitable Holdings Inc (NYSE:EQH) has a beta value of 1.39 and has seen 1.53 million shares traded in the recent trading session. The company, currently valued at $12.31B, closed the recent trade at $37.57 per share which meant it gained $0.66 on the day or 1.78% during that session. The EQH stock price is -2.32% off its 52-week high price of $38.44 and 41.74% above the 52-week low of $21.89. The 3-month trading volume is 2.62 million shares.

Equitable Holdings Inc (NYSE:EQH) trade information

Sporting 1.78% in the green today, the stock has traded in the red over the last five days, when the EQH stock price touched $37.57 or saw a rise of 2.11%. Year-to-date, Equitable Holdings Inc shares have moved 12.82%, while the 5-day performance has seen it change -1.32%. Over the past 30 days, the shares of Equitable Holdings Inc (NYSE:EQH) have changed 0.85%.

Equitable Holdings Inc (EQH) estimates and forecasts

Figures show that Equitable Holdings Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 42.95% over the past 6 months, with this year growth rate of 30.94%, compared to 9.50% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 27.40% and 39.10% for the next quarter. Revenue growth from the last financial year stood is estimated to be 47.80%.

5 analysts offering their estimates for the company have set an average revenue estimate of $3.8 billion for the current quarter. 5 have an estimated revenue figure of $3.86 billion for the next quarter concluding in Sep 2024. Year-ago sales stood $2.96 billion and $3.62 billion respectively for this quarter and the next, and analysts expect sales will grow by 28.50% for the current quarter and 6.50% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 1.22% over the past 5 years. Earnings growth for 2024 is a modest 32.62% while over the next 5 years, the company’s earnings are expected to increase by 19.00%.

EQH Dividends

Equitable Holdings Inc is expected to release its next earnings report in June this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.88 at a share yield of 2.34%. The company’s dividend yield has gone up over the past 12 months.