EQB (EQB) Scheduled to Post Quarterly Earnings on Wednesday

EQB (TSE:EQB) is set to 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 Price Performance

Shares of TSE:EQB opened at C$112.50 on Monday. The stock has a market capitalization of C$4.32 billion, a P/E ratio of 11.82, a P/E/G ratio of 0.34 and a beta of 1.59. The business has a 50-day moving average of C$106.98 and a two-hundred day moving average of C$97.92. EQB has a fifty-two week low of C$75.21 and a fifty-two week high of C$112.83.

EQB Increases Dividend

The business 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 positive change from EQB’s previous quarterly dividend of $0.45. This represents a $1.88 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend was Friday, September 13th. EQB’s payout ratio is 19.75%.

Analyst Ratings Changes

A number of research firms have recently commented on EQB. Scotiabank lifted their price target on shares of EQB from C$109.00 to C$135.00 in a research report on Monday, November 25th. BMO Capital Markets lifted their target price on shares of EQB from C$106.00 to C$119.00 in a report on Monday, November 18th. Cormark decreased their price target 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. Raymond James dropped their price objective on EQB from C$110.00 to C$106.00 in a research note on Wednesday, August 21st. Finally, TD Securities cut their price objective on EQB from C$112.00 to C$109.00 and set a “buy” rating for the company in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, EQB presently has a consensus rating of “Moderate Buy” and a consensus 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.