Gold prices bounce off 3-week lows; demand likely longer term
AXA Equitable Holdings Inc (NYSE:EQH) stock reached an all-time high of $56.01, marking a significant milestone for the $17 billion market cap company. With a solid P/E ratio of 14.7 and an impressive revenue growth of 45% last year, the company’s fundamentals support this achievement. InvestingPro analysis suggests the stock still has room to grow, with multiple analysts maintaining positive outlooks. Over the past year, EQH has experienced a robust growth trajectory, with its stock price increasing by 37%. This impressive performance reflects strong investor confidence and favorable market conditions for the company. Management has been actively buying back shares, and the company has maintained seven consecutive years of dividend increases. The achievement of an all-time high, combined with a "GOOD" financial health score from InvestingPro, underscores EQH’s resilience and potential for continued growth in the financial sector. For deeper insights into EQH’s valuation and growth prospects, check out the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Equitable Holdings reported its first-quarter 2025 earnings, showcasing a mixed financial performance. The company posted an adjusted earnings per share (EPS) of $1.35, which did not meet the forecasted $1.60. However, Equitable Holdings achieved strong revenue of $4.58 billion, surpassing expectations of $3.93 billion. The company also announced dividends on its common and preferred stock, with a quarterly cash dividend of $0.27 per share of common stock. In terms of corporate developments, Equitable appointed Greg Boosin as Chief Marketing Officer, bringing over 25 years of marketing experience from his previous role at Mastercard (NYSE:MA). Additionally, Equitable Holdings increased its ownership stake in AllianceBernstein (NYSE:AB) to 69%, reflecting strategic moves for long-term growth. The company’s recent declaration of dividends and strategic appointments highlight its ongoing commitment to shareholder value and business expansion. Despite the earnings miss, Equitable Holdings remains focused on leveraging its strong market position in various financial products and services.
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