National Bank Financial Reduces Earnings Estimates for EQB

EQB Inc. (TSE:EQB) – Equities researchers at National Bank Financial cut their Q4 2024 earnings estimates for shares of EQB in a research report issued on Tuesday, November 19th. National Bank Financial analyst G. Dechaine now expects that the company will earn $2.82 per share for the quarter, down from their prior estimate of $2.98. The consensus estimate for EQB’s current full-year earnings is $12.60 per share. National Bank Financial also issued estimates for EQB’s FY2025 earnings at $12.30 EPS and FY2026 earnings at $13.96 EPS.

EQB (TSE:EQB) last issued its earnings results on Wednesday, August 28th. The company reported C$2.96 earnings per share 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 company had revenue of C$327.24 million during the quarter, compared to the consensus estimate of C$325.00 million.

Other research analysts have also recently issued reports about the stock. TD Securities reduced their target price on shares of EQB from C$112.00 to C$109.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. CIBC boosted their price objective on shares of EQB from C$105.00 to C$113.00 in a report on Friday, September 6th. BMO Capital Markets raised their target price on EQB from C$106.00 to C$119.00 in a research note on Monday. Cormark cut their price target on EQB from C$121.00 to C$111.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Finally, Raymond James lowered their price objective on EQB from C$110.00 to C$106.00 in a research note on Wednesday, August 21st. One investment 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$108.00.

EQB Stock Performance

EQB stock opened at C$109.40 on Thursday. The firm has a market capitalization of C$4.20 billion, a PE ratio of 11.48, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59. EQB has a one year low of C$71.90 and a one year high of C$109.80. The stock’s 50 day moving average price is C$105.43 and its 200 day moving average price is C$96.67.

EQB Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 30th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.72%. This is an increase from EQB’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, September 13th. EQB’s 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.