Raymond James Has Negative Forecast for EQB Q1 Earnings

EQB Inc. (TSE:EQB - Free Report) - Research analysts at Raymond James dropped their Q1 2025 earnings per share estimates for EQB in a research report issued on Tuesday, November 19th. Raymond James analyst S. Boland now anticipates that the company will post earnings of $2.96 per share for the quarter, down from their previous estimate of $3.01. The consensus estimate for EQB's current full-year earnings is $12.60 per share. Raymond James also issued estimates for EQB's FY2025 earnings at $12.40 EPS.

EQB (TSE:EQB - Get Free Report) last posted its quarterly earnings results on Wednesday, August 28th. The company reported C$2.96 earnings per share for the quarter, topping the consensus estimate of C$2.93 by C$0.03. EQB had a return on equity of 14.70% and a net margin of 39.67%. The company had revenue of C$327.24 million during the quarter, compared to the consensus estimate of C$325.00 million.

Several other research analysts have also recently issued reports on EQB. Cormark decreased their target price on shares of EQB from C$121.00 to C$111.00 and set a "buy" rating for the company in a report on Thursday, August 29th. Scotiabank cut their target price on shares of EQB from C$113.00 to C$109.00 in a research report on Monday, August 19th. TD Securities lowered their price target on EQB from C$112.00 to C$109.00 and set a "buy" rating on the stock in a report on Friday, August 30th. CIBC upped their target price on shares of EQB from C$105.00 to C$113.00 in a report on Friday, September 6th. Finally, BMO Capital Markets raised their target price on shares of EQB from C$106.00 to C$119.00 in a research note on Monday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of C$108.00.

EQB Price Performance

TSE EQB traded up C$0.56 during trading on Thursday, hitting C$109.01. 27,922 shares of the company's stock traded hands, compared to its average volume of 57,879. EQB has a 12-month low of C$71.90 and a 12-month high of C$109.80. The stock has a fifty day moving average of C$105.43 and a two-hundred day moving average of C$96.67. The firm has a market cap of C$4.18 billion, a P/E ratio of 11.39, a PEG ratio of 0.34 and a beta of 1.59.

EQB Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 30th were issued a $0.47 dividend. This is a boost from EQB's previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.88 annualized dividend and a yield of 1.72%. EQB's dividend payout ratio (DPR) is 19.75%.

About EQB

EQB Inc, through its subsidiary, Equitable Bank, provides personal and commercial banking services to retail and commercial customers in Canada. The company accepts term deposits and guaranteed investment certificates, high interest savings accounts, institutional deposit notes and covered bonds, as well as specialized financing solutions.