Brokers Set Expectations for EQB's FY2025 Earnings (TSE:EQB)

EQB Inc. (TSE:EQB - Free Report) - Stock analysts at Cormark lowered their FY2025 earnings estimates for EQB in a report issued on Thursday, May 29th. Cormark analyst L. Persaud now anticipates that the company will post earnings per share of $10.96 for the year, down from their prior forecast of $11.83. The consensus estimate for EQB's current full-year earnings is $12.60 per share. Cormark also issued estimates for EQB's FY2026 earnings at $12.63 EPS.

Other research analysts have also recently issued reports about the stock. CIBC reduced their price objective on shares of EQB from C$130.00 to C$126.00 in a report on Thursday, May 22nd. National Bankshares cut their price target on shares of EQB from C$117.00 to C$111.00 and set a "sector perform" rating on the stock in a report on Thursday, May 22nd. Desjardins cut their price target on shares of EQB from C$130.00 to C$126.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Jefferies Financial Group cut their price target on shares of EQB from C$126.00 to C$107.00 in a report on Monday, April 21st. Finally, Scotiabank cut their price target on shares of EQB from C$130.00 to C$119.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$119.60.

EQB Price Performance

Shares of TSE EQB traded down C$3.28 during mid-day trading on Monday, reaching C$91.36. 175,445 shares of the company's stock traded hands, compared to its average volume of 83,717. The stock has a market cap of C$3.53 billion, a P/E ratio of 14.24, a PEG ratio of 0.34 and a beta of 1.59. The business has a 50-day simple moving average of C$94.26 and a 200 day simple moving average of C$100.47. EQB has a 1-year low of C$85.14 and a 1-year high of C$114.22.

EQB Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 30th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 2.32%. This is a boost from EQB's previous quarterly dividend of $0.51. The ex-dividend date is Friday, June 13th. EQB's payout ratio is presently 29.31%.

EQB Company Profile

EQB Inc formerly Equitable Group Inc trades on the Toronto Stock Exchange TSX: EQB and EQB.PR.C and serves over 360000 Canadians through its wholly owned subsidiary Equitable Bank Canadas Challenger Bank. Equitable Bank has grown to become the countrys eighth largest independent Schedule I bank with a clear mandate to drive real change in Canadian banking to enrich peoples lives.