Q1 Earnings Forecast for EQB Issued By Cormark (TSE:EQB)

EQB Inc. (TSE:EQB) – Stock analysts at Cormark issued their Q1 2025 earnings per share (EPS) estimates for shares of EQB in a note issued to investors on Friday, February 21st. Cormark analyst L. Persaud forecasts that the company will post earnings per share of $2.81 for the quarter. Cormark has a “Market Perform” rating and a $110.00 price objective on the stock. The consensus estimate for EQB’s current full-year earnings is $12.60 per share. Cormark also issued estimates for EQB’s FY2025 earnings at $11.68 EPS.

Several other analysts also recently weighed in on EQB. Jefferies Financial Group set a C$129.00 target price on EQB and gave the company a “buy” rating in a research note on Thursday, January 30th. Desjardins set a C$130.00 target price on EQB and gave the company a “buy” rating in a research note on Tuesday, February 11th. BMO Capital Markets lifted their target price on EQB from C$106.00 to C$119.00 in a research note on Monday, November 18th. TD Securities cut EQB from a “buy” rating to a “hold” rating and lowered their price target for the company from C$126.00 to C$110.00 in a research report on Friday, December 6th. Finally, Scotiabank lowered their price target on EQB from C$130.00 to C$119.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$117.20.

EQB Price Performance

Shares of EQB stock opened at C$102.17 on Monday. The business’s fifty day moving average price is C$105.10 and its two-hundred day moving average price is C$103.82. The company has a market capitalization of C$3.95 billion, a P/E ratio of 15.93, 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$114.22.

EQB Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.92%. This is a boost from EQB’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Friday, December 13th. EQB’s payout ratio is presently 29.31%.

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.