Equities Analysts Offer Predictions for EQB FY2025 Earnings

EQB Inc. (TSE:EQB - Free Report) - Equities research analysts at Scotiabank dropped their FY2025 earnings estimates for EQB in a report issued on Wednesday, January 8th. Scotiabank analyst M. Grauman now anticipates that the company will post earnings of $12.06 per share for the year, down from their previous estimate of $12.51. The consensus estimate for EQB's current full-year earnings is $12.60 per share. Scotiabank also issued estimates for EQB's FY2026 earnings at $13.71 EPS.

Other equities analysts have also recently issued reports about the company. TD Securities cut EQB from a "buy" rating to a "hold" rating and lowered their price target for the company from C$126.00 to C$110.00 in a report on Friday, December 6th. Raymond James increased their price target on shares of EQB from C$112.00 to C$121.00 and gave the company an "outperform" rating in a research note on Friday. Cormark lowered shares of EQB from a "buy" rating to a "market perform" rating and lowered their target price for the stock from C$131.00 to C$110.00 in a research report on Thursday, December 5th. BMO Capital Markets upped their target price on shares of EQB from C$106.00 to C$119.00 in a report on Monday, November 18th. Finally, CIBC lifted their target price on EQB from C$113.00 to C$130.00 in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of C$115.50.

EQB Stock Up 0.7 %

Shares of EQB stock traded up C$0.73 during trading on Friday, hitting C$106.89. 61,087 shares of the stock traded hands, compared to its average volume of 74,156. The stock has a market cap of C$4.10 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 0.34 and a beta of 1.59. The firm's fifty day moving average is C$104.57 and its 200-day moving average is C$100.83. EQB has a 52 week low of C$78.24 and a 52 week high of C$113.20.

EQB Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend was Friday, December 13th. This is a boost from EQB's previous quarterly dividend of $0.47. EQB's dividend payout ratio is currently 19.75%.

EQB Company Profile

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.