Research Analysts Issue Forecasts for EQB FY2025 Earnings

EQB Inc. (TSE:EQB - Free Report) - Research analysts at Cormark reduced their FY2025 EPS estimates for EQB in a report issued on Tuesday, May 20th. Cormark analyst L. Persaud now anticipates that the company will earn $11.83 per share for the year, down from their prior estimate of $11.97. 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 $13.74 EPS.

A number of other brokerages have also commented on EQB. Royal Bank of Canada cut their price target on EQB from C$153.00 to C$147.00 and set an "outperform" rating on the stock in a research note on Thursday, February 27th. CIBC reduced their target price on shares of EQB from C$130.00 to C$126.00 in a report on Thursday, May 22nd. National Bankshares dropped their price target on shares of EQB from C$117.00 to C$111.00 and set a "sector perform" rating for the company in a research note 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. Finally, Jefferies Financial Group decreased their price objective on EQB from C$126.00 to C$107.00 in a report on Monday, April 21st. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$119.60.

EQB Price Performance

EQB stock traded up C$1.93 during midday trading on Friday, reaching C$99.18. 43,458 shares of the stock were exchanged, compared to its average volume of 74,537. EQB has a 52 week low of C$78.24 and a 52 week high of C$114.22. The company has a fifty day moving average price of C$94.37 and a 200 day moving average price of C$100.74. The stock has a market capitalization of C$3.84 billion, a PE ratio of 15.46, a P/E/G ratio of 0.34 and a beta of 1.59.

EQB Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were given a $0.51 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from EQB's previous quarterly dividend of $0.49. This represents a $2.04 annualized dividend and a dividend yield of 2.06%. EQB's dividend payout ratio (DPR) is 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.