AXA Equitable Holdings Inc (NYSE:EQH) – SunTrust Banks decreased their Q2 2019 earnings estimates for shares of AXA Equitable in a report issued on Tuesday, November 13th. SunTrust Banks analyst M. Hughes now forecasts that the company will earn $0.98 per share for the quarter, down from their prior estimate of $0.99. SunTrust Banks also issued estimates for AXA Equitable’s Q3 2019 earnings at $1.00 EPS, Q4 2019 earnings at $1.14 EPS, Q1 2020 earnings at $0.95 EPS and Q3 2020 earnings at $1.08 EPS.
Several other analysts also recently weighed in on EQH. Zacks Investment Research downgraded AXA Equitable from a “buy” rating to a “hold” rating in a research note on Thursday. Keefe, Bruyette & Woods restated a “buy” rating and issued a $28.00 price target on shares of AXA Equitable in a research note on Friday, August 17th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $25.25.
AXA Equitable (NYSE:EQH) last posted its quarterly earnings results on Tuesday, November 13th. The company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.32. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $3.16 billion.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Monday, November 26th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Friday, November 23rd. This represents a $0.52 annualized dividend and a dividend yield of 2.54%.
Institutional investors and hedge funds have recently modified their holdings of the business. Public Employees Retirement Association of Colorado purchased a new stake in AXA Equitable during the 2nd quarter valued at $105,000. Quantbot Technologies LP purchased a new stake in AXA Equitable during the 3rd quarter valued at $131,000. Itau Unibanco Holding S.A. purchased a new stake in AXA Equitable during the 2nd quarter valued at $146,000. Jane Street Group LLC purchased a new stake in AXA Equitable during the 3rd quarter valued at $225,000. Finally, People s United Financial Inc. purchased a new stake in AXA Equitable during the 3rd quarter valued at $251,000. Institutional investors and hedge funds own 29.34% of the company’s stock.
About AXA Equitable
AXA Equitable Holdings, Inc provides various financial services 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, which are primarily sold to affluent and high net worth individuals.
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