Desjardins Has Negative Estimate for EQB FY2025 Earnings

Key Points

• Desjardins has lowered its FY2025 earnings per share estimate for EQB Inc. to $10.15, down from $10.75, while maintaining a "Buy" rating with a price target of $110.00.
• Other analysts have also recently adjusted their price targets for EQB, with BMO Capital Markets downgrading to "hold" and lowering their target to C$111.00.
• EQB has announced an increase in its quarterly dividend to $0.53 per share, reflecting a 2.1% yield and a payout ratio of 29.31%.

EQB Inc. (TSE:EQB - Free Report) - Analysts at Desjardins lowered their FY2025 EPS estimates for shares of EQB in a research note issued on Tuesday, August 12th. Desjardins analyst D. Young now expects that the company will post earnings per share of $10.15 for the year, down from their previous estimate of $10.75. Desjardins has a "Buy" rating and a $110.00 price objective on the stock. The consensus estimate for EQB's current full-year earnings is $12.60 per share. Desjardins also issued estimates for EQB's FY2026 earnings at $12.20 EPS.

A number of other equities analysts also recently issued reports on the stock. BMO Capital Markets downgraded shares of EQB from a "strong-buy" rating to a "hold" rating and cut their price objective for the stock from C$115.00 to C$111.00 in a report on Tuesday. CIBC cut 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 objective 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. Finally, Jefferies Financial Group lifted their price objective on shares of EQB from C$107.00 to C$119.00 in a report on Wednesday. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of C$118.40.

EQB Stock Up 0.8%

Shares of EQB stock opened at C$101.69 on Thursday. The company has a market cap of C$3.93 billion, a price-to-earnings ratio of 15.85, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59. EQB has a 52 week low of C$85.14 and a 52 week high of C$114.22. The firm has a 50 day moving average of C$99.70 and a 200-day moving average of C$98.40.

EQB Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 30th were issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Friday, June 13th. This is a boost from EQB's previous quarterly dividend of $0.51. 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.

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