Raymond James Comments on EQB Inc.’s Q1 2025 Earnings (TSE:EQB)

EQB Inc. (TSE:EQB) – Investment analysts at Raymond James decreased their Q1 2025 earnings per share (EPS) estimates for EQB in a report issued on Thursday, August 29th. Raymond James analyst S. Boland now anticipates that the company will earn $3.01 per share for the quarter, down from their prior forecast of $3.02. The consensus estimate for EQB’s current full-year earnings is $11.44 per share. Raymond James also issued estimates for EQB’s Q2 2025 earnings at $3.06 EPS, Q3 2025 earnings at $3.14 EPS, Q4 2025 earnings at $3.23 EPS and FY2025 earnings at $12.44 EPS.

EQB (TSE:EQB) last released its quarterly earnings data on Wednesday, August 28th. The company reported C$2.96 EPS for the quarter, beating the consensus estimate of C$2.93 by C$0.03. The business had revenue of C$327.24 million for the quarter, compared to the consensus estimate of C$325.00 million. EQB had a net margin of 39.67% and a return on equity of 14.70%.

EQB has been the subject of a number of other research reports. Scotiabank cut their target price on shares of EQB from C$113.00 to C$109.00 in a research note on Monday, August 19th. CIBC cut their price objective on EQB from C$110.00 to C$105.00 and set an “outperform” rating for the company in a research note on Tuesday, August 20th. BMO Capital Markets raised their target price on EQB from C$104.00 to C$106.00 and gave the company an “outperform” rating in a research report on Friday. Royal Bank of Canada lifted their price target on EQB from C$107.00 to C$109.00 and gave the stock an “outperform” rating in a research note on Thursday, May 30th. Finally, Cormark decreased their price objective on EQB from C$121.00 to C$111.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$105.67.

EQB Stock Performance

EQB stock opened at C$95.38 on Monday. EQB has a one year low of C$66.41 and a one year high of C$98.88. The firm’s fifty day moving average is C$95.31 and its 200 day moving average is C$89.50. The firm has a market cap of C$3.65 billion, a PE ratio of 10.24, a P/E/G ratio of 0.34 and a beta of 1.58.

EQB Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid 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 1.97%. The ex-dividend date of this dividend is Friday, September 13th. EQB’s dividend payout ratio is currently 19.33%.

About EQB

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.