Raymond James Has Pessimistic View of EQB Q1 Earnings

EQB Inc. (TSE:EQB) – Equities researchers at Raymond James reduced their Q1 2025 earnings per share estimates for EQB in a research note issued on Tuesday, November 19th. Raymond James analyst S. Boland now forecasts that the company will post earnings of $2.96 per share for the quarter, down from their prior forecast 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) last posted its quarterly earnings data on Wednesday, August 28th. The company reported C$2.96 earnings per share (EPS) 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 firm had revenue of C$327.24 million for the quarter, compared to the consensus estimate of C$325.00 million.

A number of other equities research analysts have also issued reports on the stock. TD Securities decreased 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 research note on Friday, August 30th. Cormark dropped their target price on shares of EQB from C$121.00 to C$111.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. CIBC increased their target price on EQB from C$105.00 to C$113.00 in a research note on Friday, September 6th. BMO Capital Markets raised their target price on EQB from C$106.00 to C$119.00 in a report on Monday, November 18th. Finally, Scotiabank cut their price target on EQB from C$113.00 to C$109.00 in a report on Monday, August 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$108.00.

EQB Stock Up 0.9 %

Shares of TSE:EQB opened at C$110.35 on Thursday. EQB has a 12-month low of C$73.12 and a 12-month high of C$111.53. The company has a market cap of C$4.24 billion, a P/E ratio of 11.58, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59. The company’s fifty day moving average is C$105.67 and its two-hundred day moving average is C$96.76.

EQB Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 30th were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 1.70%. This is a boost from EQB’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, September 13th. EQB’s dividend payout ratio is 19.75%.

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.