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Equitable Holdings, Inc. (EQH)

Financial Services | Asset Management | New York, United States | NYSE
50.20 USD +0.05 (0.100%) ⇧ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 49.68 -0.52 (-0.524%) ⇩ (Aug. 28, 2026, 7:30 p.m. EDT)

Short-term:★★⯪☆☆Long-term:★☆☆☆☆Dividends:★★⯪☆☆
Hot Take | Aug. 22, 2026, 1:44 a.m. EDT

The investment case here is fractured by a severe disconnect between the company's reported financial health and its actual operational reality. While the forward P/E looks attractive at 5.4x and analysts offer a 'strong buy' rating, these metrics are misleading because the company is currently burning cash, reporting negative operating margins of -26%, and showing a -29% decline in revenue. The balance sheet is equally concerning, with negative book value and a debt-to-equity ratio exceeding 500%. This suggests the business model is under significant stress, rendering the low valuation a reflection of distress rather than opportunity. Despite the bleak fundamentals, the stock has rallied significantly over the past seven years (+136%), driven by a massive surge in 2024 and 2025. However, the recent price action tells a different story: the stock has stalled near its highs, and the options market is screaming caution. The sheer volume of put open interest indicates that smart money expects a sharp correction. The dividend yield of 2.34% is insufficient to offset the risk of capital destruction given the negative free cash flow and deteriorating margins. Until the revenue decline halts and profitability returns, this remains a speculative hold with high downside risk.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.098134
AutoARIMA0.101093
AutoETS0.105377
AutoTheta0.106996

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 47%
H-stat 4.47
Ljung-Box p 0.000
Jarque-Bera p 0.632
Excess Kurtosis -0.01
Attribute Value
Sector Financial Services
Ex Dividend Date 2026-08-02
Last Dividend Date 2026-08-02
Debt to Equity Ratio 586.1
Revenue per Share 37.23
Market Cap 13,692,843,008
Forward P/E 5.57
Beta 1.09
Profit Margins -8.72%
Website https://ir.equitableholdings.com

As of Aug. 22, 2026, 1:44 a.m. EDT: Speculators are heavily positioning for downside protection, evidenced by massive open interest in out-of-the-money puts (over 1,100 contracts at the nearest expiry) compared to negligible call volume. While there is some new buying in lower-strike calls, the overwhelming sentiment is defensive, with traders locking in losses or hedging against a drop below the $40-$42 range.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.63% 2.63% 2.41% 2.52%
Dividend History
Date Dividend Yield %
2026-08-03 0.30 0.625000
2026-06-01 0.30 0.740192
2026-03-04 0.27 0.672646
2025-11-24 0.27 0.593016
2025-08-05 0.27 0.530139
2025-06-02 0.27 0.512334
2025-03-05 0.24 0.459506
2024-11-26 0.24 0.496792
2024-08-06 0.24 0.632244
2024-06-03 0.24 0.583800
2024-02-23 0.22 0.634371
2023-11-24 0.22 0.749574
2023-08-04 0.22 0.771118
2023-06-02 0.22 0.854369
2023-02-24 0.20 0.637959
2022-11-25 0.20 0.640820
2022-08-05 0.20 0.705965
2022-05-26 0.20 0.661157
2022-02-25 0.18 0.543971
2021-11-26 0.18 0.554700
2021-08-12 0.18 0.557276
2021-05-27 0.18 0.562324
2021-03-03 0.17 0.558476
2020-11-20 0.17 0.687146
2020-08-10 0.17 0.787402
2020-05-29 0.17 0.889587
2020-03-06 0.15 0.799574
2019-11-15 0.15 0.632911
2019-08-21 0.15 0.735655
2019-05-31 0.15 0.729927
2019-03-04 0.13 0.636008
2018-11-23 0.13 0.663604
2018-08-22 0.13 0.574205
Additional Data
dividendRate 1.14
dividendYield 2.27
exDividendDate 2026-08-03
trailingAnnualDividendRate 1.14
trailingAnnualDividendYield 0.022731803
lastDividendValue 0.3
lastDividendDate 2026-08-03
dividendDate 2026-08-10

Info Dump

Attribute Value
52 Week Change -0.049289107
Address1 1,345 Avenue Of The Americas
All Time High 56.61
All Time Low 9.89
Ask 50.5
Ask Size 1,100
Audit Risk 6
Average Analyst Rating 1.3 - Strong Buy
Average Daily Volume10 Day 1,941,780
Average Daily Volume3 Month 3,187,496
Average Volume 3,187,496
Average Volume10Days 1,941,780
Beta 1.092
Bid 49.67
Bid Size 200
Board Risk 1
Book Value -6.785
City New York
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 1
Country United States
Crypto Tradeable 0
Currency USD
Current Price 50.2
Current Ratio 2.03
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 50.84
Day Low 50.05
Debt To Equity 586.1
Display Name Equitable
Dividend Date 1,786,320,000
Dividend Rate 1.14
Dividend Yield 2.27
Earnings Call Timestamp End 1,785,931,200
Earnings Call Timestamp Start 1,785,931,200
Earnings Timestamp 1,785,873,600
Earnings Timestamp End 1,793,736,000
Earnings Timestamp Start 1,793,736,000
Ebitda 488,000,000
Ebitda Margins 0.04595
Enterprise To Ebitda 9.872
Enterprise To Revenue 0.454
Enterprise Value 4,817,364,992
Eps Current Year 7.16645
Eps Forward 9.01122
Eps Trailing Twelve Months -3.29
Esg Populated 0
Ex Dividend Date 1,785,715,200
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 48.2024
Fifty Day Average Change 1.9976006
Fifty Day Average Change Percent 0.041441932
Fifty Two Week Change Percent -4.9289107
Fifty Two Week High 55.15
Fifty Two Week High Change -4.950001
Fifty Two Week High Change Percent -0.08975522
Fifty Two Week Low 35.195
Fifty Two Week Low Change 15.005001
Fifty Two Week Low Change Percent 0.426339
Fifty Two Week Range 35.195 - 55.15
Financial Currency USD
First Trade Date Milliseconds 1,525,959,000,000
Five Year Avg Dividend Yield 2.39
Float Shares 252,945,230
Forward Eps 9.01122
Forward P E 5.5708327
Free Cashflow -8,824,250,368
Full Exchange Name NYSE
Full Time Employees 8,000
Fullday Change 0.0499992
Fullday Change Percent 0.0996994
Fullday Price 49.676
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,785,542,400
Gross Margins 0.12768
Gross Profits 1,356,000,000
Has Pre Post Market Data 1
Held Percent Insiders 0.00611
Held Percent Institutions 1.00943
Implied Shares Outstanding 272,765,787
Industry Asset Management
Industry Disp Asset Management
Industry Key asset-management
Is Earnings Date Estimate 1
Language en-US
Last Dividend Date 1,785,715,200
Last Dividend Value 0.3
Last Fiscal Year End 1,767,139,200
Long Business Summary Equitable Holdings, Inc., together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through six segments: Individual Retirement, Group Retirement, Asset Management, Protection Solutions, Wealth Management, and Legacy. The Individual Retirement variable annuity products, including structured capital strategies, retirement cornerstone, and investment edge primarily to affluent and high net worth individuals. The Group Retirement provides tax-deferred investment and retirement services or products to plans sponsored by educational entities, municipalities, and not-for-profit entities, as well as small and medium-sized businesses. It offers guaranteed and structured investment option, and personal income benefit variable annuity products and open architecture mutual fund platform. The Asset Management segment offers investment management and related services to various clients through institutions, retail, and private wealth management. The Protection Solutions segment provides life insurance products, such as VUL and COLI insurance, IUL insurance, and term life; and employee benefits business which includes group life, supplemental life, dental, vision, short-term disability, long-term disability, critical illness, accident and hospital indemnity insurance products to small and medium-sized businesses. The Wealth Management segment offers discretionary and non-discretionary investment advisory accounts, financial planning and advice, life insurance, and annuity products. The Legacy segment consists of the capital intensive fixed-rate GMxB business that includes ROP death benefits. The company was formerly known as AXA Equitable Holdings, Inc. and changed its name to Equitable Holdings, Inc. in January 2020. Equitable Holdings, Inc. was founded in 1859 and is based in New York, New York.
Long Name Equitable Holdings, Inc.
Market us_market
Market Cap 13,692,843,008
Market State CLOSED
Max Age 86,400
Message Board Id finmb_543641657
Most Recent Quarter 1,782,777,600
Net Income To Common -982,000,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 13,679,204,218
Number Of Analyst Opinions 11
Open 50.38
Operating Cashflow 1,356,999,936
Operating Margins -0.26357
Overall Risk 1
Payout Ratio 0.76739997
Phone 212 554 1234
Post Market Change -0.5240021
Post Market Change Percent -1.0438288
Post Market Price 49.676
Post Market Time 1,787,959,805
Previous Close 50.15
Price Eps Current Year 7.004863
Price Hint 2
Price To Book -7.398674
Price To Sales Trailing12 Months 1.2893449
Profit Margins -0.08719
Quick Ratio 1.713
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key strong_buy
Recommendation Mean 1.33333
Region US
Regular Market Change 0.0499992
Regular Market Change Percent 0.0996994
Regular Market Day High 50.84
Regular Market Day Low 50.05
Regular Market Day Range 50.05 - 50.84
Regular Market Open 50.38
Regular Market Previous Close 50.15
Regular Market Price 50.2
Regular Market Time 1,787,947,203
Regular Market Volume 1,243,005
Return On Assets -0.00074
Return On Equity -0.25131
Revenue Growth -0.298
Revenue Per Share 37.23
Sand P52 Week Change 0.20504117
Sector Financial Services
Sector Disp Financial Services
Sector Key financial-services
Share Holder Rights Risk 2
Shares Outstanding 272,765,787
Shares Percent Shares Out 0.0001
Shares Short 28,293
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 35,374
Short Name Equitable Holdings, Inc.
Short Percent Of Float 0.0001
Short Ratio 0.01
Source Interval 15
State NY
Symbol EQH
Target High Price 68.0
Target Low Price 52.0
Target Mean Price 62.0
Target Median Price 62.0
Total Cash 19,132,999,680
Total Cash Per Share 70.075
Total Debt 7,168,000,000
Total Revenue 10,620,000,256
Tradeable 0
Trailing Annual Dividend Rate 1.14
Trailing Annual Dividend Yield 0.022731803
Trailing Eps -3.29
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 44.4492
Two Hundred Day Average Change 5.750801
Two Hundred Day Average Change Percent 0.12937918
Type Disp Equity
Volume 1,243,005
Website https://ir.equitableholdings.com
Zip 10,105