What is Scotiabank's Forecast for EQB FY2026 Earnings?

Key Points

• Scotiabank lowered its FY2026 EPS forecast for EQB to C$8.88 from C$9.21, well below the current consensus estimate of C$12.60. The bank forecasts FY2027 EPS of C$11.61.
• EQB reported quarterly EPS of C$2.12 and revenue of C$393.04 million, while analyst sentiment remains mixed: the stock has a consensus “Hold” rating and an average price target of C$139.10.
• EQB increased its quarterly dividend to C$0.63 per share, equivalent to C$2.52 annually and a 2.0% yield; insiders have also been net buyers over the past quarter.

EQB Inc. (TSE:EQB - Free Report) - Investment analysts at Scotiabank cut their FY2026 EPS estimates for EQB in a report issued on Thursday, September 10th. Scotiabank analyst M. Saric now forecasts that the company will post earnings per share of $8.88 for the year, down from their prior estimate of $9.21. The consensus estimate for EQB's current full-year earnings is $12.60 per share. Scotiabank also issued estimates for EQB's FY2027 earnings at $11.61 EPS.

EQB (TSE:EQB - Get Free Report) last issued its earnings results on Wednesday, August 26th. The company reported C$2.12 earnings per share (EPS) for the quarter. EQB had a negative net margin of 0.08% and a negative return on equity of 0.07%. The company had revenue of C$393.04 million for the quarter.

A number of other equities analysts also recently commented on the stock. Canadian Imperial Bank of Commerce reduced their price objective on shares of EQB from C$165.00 to C$154.00 and set an "outperformer" rating for the company in a research note on Friday, August 28th. Desjardins cut their price target on EQB from C$155.00 to C$150.00 and set a "buy" rating on the stock in a report on Friday, August 28th. National Bank Financial boosted their price target on EQB from C$120.00 to C$143.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 13th. Jefferies Financial Group decreased their price objective on EQB from C$128.00 to C$127.00 in a research note on Thursday, September 3rd. Finally, Raymond James Financial lowered EQB from a "hold" rating to a "strong sell" rating and cut their target price for the company from C$136.00 to C$120.00 in a research note on Friday, August 28th. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, EQB presently has a consensus rating of "Hold" and a consensus target price of C$139.10.

EQB Stock Performance

Shares of EQB opened at C$128.93 on Tuesday. The company has a 50 day moving average price of C$136.57 and a 200-day moving average price of C$124.57. EQB has a fifty-two week low of C$83.93 and a fifty-two week high of C$150.32. The stock has a market capitalization of C$4.72 billion, a PE ratio of -460.46, a PEG ratio of 0.34 and a beta of 0.83.

EQB Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.52 dividend on an annualized basis and a yield of 2.0%. This is an increase from EQB's previous quarterly dividend of $0.61. EQB's payout ratio is presently -828.57%.

Insider Buying and Selling at EQB

In other news, insider Loblaw Companies Limited bought 16,000 shares of the firm's stock in a transaction that occurred on Thursday, August 27th. The stock was purchased at an average price of C$124.91 per share, with a total value of C$1,998,560.00. Following the completion of the acquisition, the insider directly owned 1,474,100 shares of the company's stock, valued at C$184,129,831. This trade represents a 1.10% increase in their position. Over the last quarter, insiders bought 150,100 shares of company stock valued at $19,914,708 and sold 7,484 shares valued at $1,069,719. Corporate insiders own 29.02% of the company's stock.

EQB Company Profile

EQB Inc TSX: EQB is a leading Canadian financial services company with approximately $151 billion in combined assets under management and administration. It is the parent company of Equitable Bank, the country's seventh largest Schedule I bank by assets, which operates EQ Bank, Canada's Challenger Bank. Our purpose is to remake banking so every Canadian gets ahead, every day. Since 1970, we have built thoughtful financial solutions that serve more than 4 million customers, turning everyday moments into meaningful progress.

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