Scotiabank Issues Pessimistic Estimate for EQB Earnings

EQB Inc. (TSE:EQB) – Equities researchers at Scotiabank reduced their FY2025 EPS estimates for shares of EQB in a research report issued on Wednesday, January 8th. Scotiabank analyst M. Grauman now anticipates that the company will post earnings per share of $12.06 for the year, down from their prior forecast 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.

A number of other equities analysts have also recently commented on EQB. BMO Capital Markets lifted their price target on shares of EQB from C$106.00 to C$119.00 in a research note on Monday, November 18th. TD Securities lowered shares of EQB from a “buy” rating to a “hold” rating and lowered their target price for the company from C$126.00 to C$110.00 in a research note on Friday, December 6th. Cormark downgraded shares of EQB from a “buy” rating to a “market perform” rating and reduced their price target for the stock from C$131.00 to C$110.00 in a research note on Thursday, December 5th. Finally, CIBC boosted their price objective on shares of EQB from C$113.00 to C$130.00 in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$113.63.

EQB Price Performance

Shares of TSE EQB opened at C$106.16 on Friday. The stock has a market capitalization of C$4.07 billion, a P/E ratio of 11.15, a PEG ratio of 0.34 and a beta of 1.59. EQB has a 1-year low of C$78.24 and a 1-year high of C$113.20. The business’s 50 day moving average is C$104.61 and its two-hundred day moving average is C$100.79.

EQB Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 1.85%. This is an increase from EQB’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Friday, December 13th. EQB’s dividend payout ratio is presently 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.