What is Scotiabank's Estimate for EQB FY2026 Earnings?

Key Points

• Scotiabank raised its FY2026 EPS estimate for EQB to C$9.21, up from C$9.07, while maintaining a “Sector Perform” rating and C$125 price target. This remains below the broader consensus estimate of C$12.60 per share.
• EQB reported quarterly EPS of C$2.03 on C$302.36 million in revenue, with a 6.61% net margin and 6.16% return on equity.
• Analyst sentiment is broadly positive, with six Buy ratings and five Holds, producing a “Moderate Buy” consensus rating and average target price of C$138.10. EQB also increased its quarterly dividend to C$0.61, or C$2.44 annually.

EQB Inc. (TSE:EQB - Free Report) - Scotiabank boosted their FY2026 earnings estimates for shares of EQB in a report issued on Wednesday, August 19th. Scotiabank analyst M. Saric now expects that the company will post earnings per share of $9.21 for the year, up from their previous estimate of $9.07. Scotiabank has a "Sector Perform" rating and a $125.00 price objective on the stock. The consensus estimate for EQB's current full-year earnings is $12.60 per share.

EQB (TSE:EQB - Get Free Report) last released its quarterly earnings results on Wednesday, May 27th. The company reported C$2.03 EPS for the quarter. The company had revenue of C$302.36 million for the quarter. EQB had a net margin of 6.61% and a return on equity of 6.16%.

A number of other equities research analysts also recently weighed in on the company. Canadian Imperial Bank of Commerce upped their target price on EQB from C$151.00 to C$165.00 and gave the stock an "outperformer" rating in a research report on Wednesday, August 19th. Desjardins lifted their price target on EQB from C$132.00 to C$155.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Raymond James Financial boosted their price objective on EQB from C$123.00 to C$136.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 13th. TD upped their price objective on EQB from C$123.00 to C$154.00 and gave the company a "buy" rating in a report on Friday, August 14th. Finally, Jefferies Financial Group raised their target price on EQB from C$122.00 to C$129.00 and gave the company a "hold" rating in a research note on Thursday, August 13th. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$138.10.

EQB Price Performance

EQB stock opened at C$133.42 on Monday. EQB has a 12-month low of C$83.93 and a 12-month high of C$150.32. The stock has a market capitalization of C$4.73 billion, a PE ratio of 26.21, a price-to-earnings-growth ratio of 0.34 and a beta of 0.92. The firm has a 50 day simple moving average of C$136.02 and a 200-day simple moving average of C$122.98.

EQB Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Monday, June 15th. This is a positive change from EQB's previous quarterly dividend of $0.59. EQB's payout ratio is presently 44.01%.

Insider Transactions at EQB

In related news, Director Darren Lorimer sold 750 shares of the stock in a transaction on Thursday, July 16th. The stock was sold at an average price of C$149.24, for a total value of C$111,930.00. Following the completion of the transaction, the director owned 6,988 shares in the company, valued at C$1,042,889.12. This trade represents a 9.69% decrease in their position. Also, insider Gavin Stanley sold 900 shares of EQB stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of C$137.37, for a total value of C$123,633.00. Following the completion of the transaction, the insider directly owned 2,238 shares in the company, valued at C$307,434.06. This represents a 28.68% decrease in their position. Over the last three months, insiders have purchased 46,100 shares of company stock valued at $6,479,348 and have sold 7,484 shares valued at $1,069,719. 29.02% of the stock is owned by insiders.

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. At Equitable Bank we are as invested in our employees as we are in our business. Thats why we are consistently recognized as one of Canadas Top Employers a rating that comes from our 1300+ employees.

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