FTSE 100: Index falls as earnings results weigh; pound below $1.33, Bodycote soars
In a remarkable display of market confidence, AXA Equitable Holdings Inc (NYSE:EQH) stock has reached an all-time high, touching $54.95. The company, now valued at $16.7 billion, has demonstrated robust financial health, earning a "GOOD" rating from InvestingPro's comprehensive analysis. This milestone underscores a period of significant growth for the company, reflecting a bullish sentiment among investors. Over the past year, EQH has delivered an exceptional 62.8% return, supported by solid fundamentals including 18.3% revenue growth and a reasonable P/E ratio of 14.2. According to InvestingPro, the company has maintained a strong dividend policy, raising payouts for 7 consecutive years. This surge to record levels marks a key achievement for EQH, as it continues to expand its presence and solidify its position in the competitive financial landscape. InvestingPro analysis reveals 10+ additional key insights about EQH's financial outlook, available exclusively to subscribers through detailed Pro Research Reports.
In other recent news, Equitable Holdings Inc has been the focus of notable developments. Truist Securities has upgraded the company's price target to $60, maintaining a positive growth outlook. This adjustment is based on consistent growth in earnings per share (EPS) and cash flow, despite a slight reduction in the 2025 EPS forecast. Truist Securities has also initiated a 2026 EPS estimate of $8.00 for Equitable Holdings, reflecting confidence in the company's trajectory.
Equitable Holdings recently reported Q4 results, meeting earnings expectations while falling short on revenue projections. The company posted adjusted earnings per share of $1.65 and revenue of $3.62 billion. Despite this, Equitable's total assets under management and administration increased by 10% year-over-year to reach $1.02 trillion.
The company also reported record full-year net inflows in its Retirement and Wealth Management businesses. Looking ahead, Equitable expects its 2025 non-GAAP operating EPS growth to align with its 12-15% target and projects cash generation to increase to $1.6-1.7 billion in 2025. These recent developments underscore Equitable's ongoing growth momentum and strategic financial management.
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