EQB (EQB) Set to Announce Earnings on Wednesday

EQB (TSE:EQB - Get Free Report) will announce its earnings results after the market closes on Wednesday, December 4th. Analysts expect the company to announce earnings of C$3.00 per share for the quarter.

EQB (TSE:EQB - Get Free Report) last announced its earnings results on Wednesday, August 28th. The company reported C$2.96 earnings per share (EPS) for the quarter, topping 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 firm had revenue of C$327.24 million for the quarter, compared to analyst estimates of C$325.00 million.

EQB Stock Performance

Shares of TSE EQB traded down C$0.40 during midday trading on Wednesday, reaching C$110.93. The company's stock had a trading volume of 30,116 shares, compared to its average volume of 58,163. The company has a market cap of C$4.26 billion, a P/E ratio of 11.69, a P/E/G ratio of 0.34 and a beta of 1.59. The business's 50 day moving average price is C$106.37 and its two-hundred day moving average price is C$97.43. EQB has a fifty-two week low of C$74.00 and a fifty-two week high of C$111.95.

EQB Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 30th were given a $0.47 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.69%. This is a boost from EQB's previous quarterly dividend of $0.45. EQB's dividend payout ratio (DPR) is presently 19.75%.

Analysts Set New Price Targets

EQB has been the topic of a number of research analyst reports. CIBC raised their target price on EQB from C$113.00 to C$130.00 in a report on Tuesday. BMO Capital Markets raised their price objective on EQB from C$106.00 to C$119.00 in a research note on Monday, November 18th. Scotiabank lifted their target price on EQB from C$109.00 to C$135.00 in a research report on Monday. TD Securities dropped their target price on shares of EQB from C$112.00 to C$109.00 and set a "buy" rating for the company in a report on Friday, August 30th. Finally, Cormark reduced their price target on shares of 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. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, EQB presently has an average rating of "Moderate Buy" and an average target price of C$114.25.

EQB Company Profile

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.