National Bank Financial Decreases Earnings Estimates for EQB

EQB Inc. (TSE:EQB - Free Report) - Investment analysts at National Bank Financial decreased their Q4 2024 earnings estimates for EQB in a report issued on Tuesday, November 19th. National Bank Financial analyst G. Dechaine now expects that the company will earn $2.82 per share for the quarter, down from their prior estimate of $2.98. The consensus estimate for EQB's current full-year earnings is $12.60 per share. National Bank Financial also issued estimates for EQB's FY2025 earnings at $12.30 EPS and FY2026 earnings at $13.96 EPS.

A number of other brokerages have also recently weighed in on EQB. Raymond James dropped their price target on EQB from C$110.00 to C$106.00 in a research report on Wednesday, August 21st. Cormark reduced their price target on EQB from C$121.00 to C$111.00 and set a "buy" rating on the stock in a research note on Thursday, August 29th. BMO Capital Markets increased their price objective on shares of EQB from C$106.00 to C$119.00 in a report on Monday. Scotiabank lowered their price objective on shares of EQB from C$113.00 to C$109.00 in a research note on Monday, August 19th. Finally, CIBC upped their price objective on EQB from C$105.00 to C$113.00 in a report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$108.00.

EQB Price Performance

TSE EQB traded up C$0.27 on Thursday, hitting C$108.72. 24,198 shares of the company's stock were exchanged, compared to its average volume of 57,863. The firm's 50-day moving average price is C$105.43 and its two-hundred day moving average price is C$96.67. The firm has a market cap of C$4.17 billion, a price-to-earnings ratio of 11.39, a P/E/G ratio of 0.34 and a beta of 1.59. EQB has a fifty-two week low of C$71.90 and a fifty-two week high of C$109.80.

EQB (TSE:EQB - Get Free Report) last announced its earnings results on Wednesday, August 28th. The company reported C$2.96 EPS for the quarter, beating analysts' consensus estimates of C$2.93 by C$0.03. EQB had a net margin of 39.67% and a return on equity of 14.70%. The business had revenue of C$327.24 million during the quarter, compared to analysts' expectations of C$325.00 million.

EQB Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 30th were issued a $0.47 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.88 dividend on an annualized basis and a yield of 1.73%. This is an increase from EQB's previous quarterly dividend of $0.45. EQB's dividend payout ratio is currently 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.