Equities Analysts Offer Predictions for EQB FY2025 Earnings

Key Points

• Raymond James Financial reduced EQB Inc.'s FY2025 EPS forecast to $9.32, down from $9.95, while maintaining a "Hold" rating and a price target of $93.00.
• Other analysts, including Desjardins and BMO Capital Markets, have also lowered their price targets for EQB, with the consensus rating currently being "Hold".
• EQB recently announced an increase in its quarterly dividend to $0.53, reflecting a 2.3% dividend yield and a payout ratio of 19.67%.

EQB Inc. (TSE:EQB - Free Report) - Equities research analysts at Raymond James Financial cut their FY2025 earnings per share estimates for shares of EQB in a report released on Thursday, August 28th. Raymond James Financial analyst S. Boland now anticipates that the company will earn $9.32 per share for the year, down from their prior estimate of $9.95. Raymond James Financial has a "Hold" rating and a $93.00 price target on the stock. The consensus estimate for EQB's current full-year earnings is $12.60 per share.

EQB has been the subject of several other reports. Scotiabank reduced their price objective on EQB from C$103.00 to C$94.00 and set a "sector perform" rating for the company in a report on Friday, August 29th. CIBC lowered their price target on EQB from C$126.00 to C$116.00 and set a "hold" rating on the stock in a research report on Friday, August 29th. Royal Bank Of Canada decreased their price objective on EQB from C$124.00 to C$112.00 and set an "outperform" rating on the stock in a report on Friday, August 29th. Jefferies Financial Group downgraded EQB from a "buy" rating to a "hold" rating and reduced their price target for the company from C$119.00 to C$107.00 in a report on Friday, August 29th. Finally, Desjardins reduced their target price on EQB from C$110.00 to C$103.00 and set a "buy" rating on the stock in a report on Friday, August 29th. Two investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of C$102.40.

EQB Stock Down 0.1%

EQB stock traded down C$0.11 during midday trading on Monday, hitting C$91.40. The company's stock had a trading volume of 152,891 shares, compared to its average volume of 98,353. The stock's 50-day moving average price is C$100.82 and its 200 day moving average price is C$97.23. EQB has a 1 year low of C$85.14 and a 1 year high of C$114.22. The stock has a market cap of C$3.50 billion, a price-to-earnings ratio of 10.36, a PEG ratio of 0.34 and a beta of 1.42.

EQB Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 30th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.4%. This is a positive change from EQB's previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Monday, September 15th. EQB's payout ratio is presently 22.68%.

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.