Equities Analysts Issue Forecasts for EQB FY2025 Earnings

Key Points

• National Bank Financial has decreased its FY2025 earnings estimate for EQB from $10.50 to $8.96 per share, reflecting a significant adjustment in expectations.
• Multiple analysts have lowered their price targets for EQB, with National Bankshares setting a new target of C$89.00, down from C$104.00, indicating a cautious outlook on the stock.
• EQB has increased its quarterly dividend to $0.53 per share, resulting in an annualized yield of 2.3%, showcasing financial stability despite recent earnings forecast adjustments.

EQB Inc. (TSE:EQB - Free Report) - Equities research analysts at National Bank Financial dropped their FY2025 earnings per share (EPS) estimates for EQB in a research note issued on Wednesday, August 27th. National Bank Financial analyst G. Dechaine now forecasts that the company will post earnings of $8.96 per share for the year, down from their previous estimate of $10.50. The consensus estimate for EQB's current full-year earnings is $12.60 per share. National Bank Financial also issued estimates for EQB's Q4 2025 earnings at $2.08 EPS and FY2026 earnings at $9.96 EPS.

Other analysts have also issued reports about the company. Jefferies Financial Group lowered EQB from a "buy" rating to a "hold" rating and cut their price target for the company from C$119.00 to C$107.00 in a report on Friday, August 29th. Raymond James Financial lowered EQB from a "moderate buy" rating to a "hold" rating and cut their price target for the company from C$108.00 to C$93.00 in a report on Thursday, August 28th. National Bankshares cut their price target on EQB from C$104.00 to C$89.00 and set a "sector perform" rating on the stock in a report on Thursday, August 28th. CIBC cut their price target on EQB from C$126.00 to C$116.00 and set a "hold" rating on the stock in a report on Friday, August 29th. Finally, Royal Bank Of Canada reduced their price target on EQB from C$124.00 to C$112.00 and set an "outperform" rating for the company in a report on Friday, August 29th. Two analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat, EQB has an average rating of "Hold" and a consensus price target of C$102.40.

EQB Stock Performance

EQB stock traded up C$0.17 during midday trading on Monday, hitting C$91.68. 71,396 shares of the company's stock were exchanged, compared to its average volume of 97,837. The stock's fifty day moving average price is C$100.97 and its 200-day moving average price is C$97.33. The company has a market cap of C$3.51 billion, a PE ratio of 10.39, a price-to-earnings-growth ratio of 0.34 and a beta of 1.42. EQB has a one year low of C$85.14 and a one year high of C$114.22.

EQB Increases Dividend

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

About EQB

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.