Research Analysts Set Expectations for EQB FY2025 Earnings

EQB Inc. (TSE:EQB) – Investment analysts at Cormark boosted their FY2025 earnings per share estimates for shares of EQB in a note issued to investors on Wednesday, February 26th. Cormark analyst L. Persaud now forecasts that the company will earn $11.97 per share for the year, up from their previous forecast of $11.68. 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 $11.97 EPS.

EQB has been the topic of several other research reports. Raymond James upped their price objective on EQB from C$112.00 to C$121.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. Jefferies Financial Group set a C$129.00 target price on EQB and gave the stock a “buy” rating in a report on Thursday, January 30th. CIBC upped their target price on EQB from C$113.00 to C$130.00 in a report on Tuesday, November 26th. Scotiabank lowered their target price on EQB from C$130.00 to C$119.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Finally, National Bankshares upped their target price on EQB from C$109.00 to C$117.00 and gave the stock an “outperform” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, EQB has an average rating of “Moderate Buy” and an average target price of C$122.80.

EQB Stock Down 0.2 %

Shares of EQB stock opened at C$101.10 on Friday. The stock’s fifty day moving average is C$105.27 and its two-hundred day moving average is C$103.91. The company has a market capitalization of C$3.91 billion, a PE ratio of 15.76, a price-to-earnings-growth 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$114.22.

EQB Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid 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 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date was Friday, December 13th. EQB’s dividend payout ratio is 29.31%.

About EQB

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.