EQB Inc. (TSE:EQB - Free Report) - Research analysts at Desjardins lowered their FY2025 earnings estimates for EQB in a research report issued to clients and investors on Thursday, May 29th. Desjardins analyst D. Young now anticipates that the company will post earnings per share of $10.75 for the year, down from their prior forecast of $11.10. Desjardins has a "Buy" rating and a $126.00 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 Q4 2025 earnings at $2.76 EPS.
Other analysts have also issued reports about the company. 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. Jefferies Financial Group reduced their target price on shares of EQB from C$126.00 to C$107.00 in a report on Monday, April 21st. Scotiabank dropped their price target on shares of EQB from C$130.00 to C$119.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. National Bankshares reduced 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 research note on Thursday, May 22nd. Finally, CIBC lowered their target price on EQB from C$130.00 to C$126.00 in a research report on Thursday, May 22nd. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of C$119.60.
Check Out Our Latest Stock Analysis on EQB
EQB Trading Down 3.5%
EQB stock traded down C$3.28 during mid-day trading on Monday, reaching C$91.36. The company had a trading volume of 175,445 shares, compared to its average volume of 83,717. EQB has a fifty-two week low of C$85.14 and a fifty-two week high of C$114.22. The company has a market cap of C$3.53 billion, a P/E ratio of 14.24, a P/E/G ratio of 0.34 and a beta of 1.59. The business has a fifty day simple moving average of C$94.26 and a 200 day simple moving average of C$100.47.
EQB Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 30th will be paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Friday, June 13th. This is an increase from EQB's previous quarterly dividend of $0.51. EQB's dividend payout ratio (DPR) is currently 29.31%.
About EQB
(
Get Free Report)
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.
See Also
Before you consider EQB, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and EQB wasn't on the list.
While EQB currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
