Research Analysts Issue Forecasts for EQB FY2025 Earnings

EQB Inc. (TSE:EQB) – Scotiabank reduced their FY2025 EPS estimates for EQB in a note issued to investors 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 research analysts have also issued research reports about the stock. BMO Capital Markets upped their price target on shares of EQB from C$106.00 to C$119.00 in a research note on Monday, November 18th. Raymond James upped their target price on EQB from C$112.00 to C$121.00 and gave the company an “outperform” rating in a research report on Friday. Cormark cut EQB from a “buy” rating to a “market perform” rating and lowered their price target for the stock from C$131.00 to C$110.00 in a research report on Thursday, December 5th. TD Securities downgraded EQB from a “buy” rating to a “hold” rating and dropped their price target for the company from C$126.00 to C$110.00 in a research note on Friday, December 6th. Finally, CIBC raised their price objective on EQB from C$113.00 to C$130.00 in a research note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, EQB has a consensus rating of “Hold” and an average price target of C$115.50.

EQB Stock Up 0.7 %

Shares of EQB stock opened at C$106.89 on Friday. The company has a 50 day moving average price of C$104.57 and a 200 day moving average price of C$100.94. The firm has a market capitalization of C$4.10 billion, a P/E ratio of 11.23, a PEG ratio of 0.34 and a beta of 1.59. EQB has a 52 week low of C$78.24 and a 52 week high of C$113.20.

EQB Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.49 per share. This is a boost from EQB’s previous quarterly dividend of $0.47. This represents a $1.96 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend was Friday, December 13th. EQB’s dividend payout ratio (DPR) 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.