other material
confidence high
sentiment positive
materiality 0.75
Equitable Holdings targets 12-15% annual Non-GAAP EPS growth through 2027; ~$2B cash generation by 2027
Equitable Holdings, Inc.
- Non-GAAP EPS annual growth guidance of 12-15% through 2027, off 2022 base of $4.97 per share.
- Expects ~$2 billion annual cash generation by 2027, a 50% increase from ~$1.3B in 2023.
- Payout ratio guidance increased to 60-70% of Non-GAAP operating earnings.
- $10 billion additional general account commitment to AB Private Markets, total $20B since 2020.
- AB Adjusted Operating Margin target of 350-500 bps improvement by 2027.