Raymond James Issues Pessimistic Outlook for EQB Earnings

EQB Inc. (TSE:EQB) – Equities research analysts at Raymond James reduced their Q2 2025 earnings per share (EPS) estimates for EQB in a report issued on Wednesday, February 26th. Raymond James analyst S. Boland now forecasts that the company will post earnings of $2.89 per share for the quarter, down from their prior forecast of $3.04. Raymond James currently has a “Outperform” rating and a $121.00 target price on the stock. The consensus estimate for EQB’s current full-year earnings is $12.60 per share. Raymond James also issued estimates for EQB’s FY2025 earnings at $11.90 EPS, Q1 2026 earnings at $3.16 EPS, Q2 2026 earnings at $3.27 EPS, Q3 2026 earnings at $3.37 EPS, Q4 2026 earnings at $3.49 EPS and FY2026 earnings at $13.29 EPS.

EQB has been the subject of a number of other reports. Scotiabank cut their price objective on EQB from C$130.00 to C$119.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. BMO Capital Markets boosted their price target on EQB from C$106.00 to C$119.00 in a research report on Monday, November 18th. CIBC boosted their price target on EQB from C$113.00 to C$130.00 in a research report on Tuesday, November 26th. Desjardins dropped their price target on EQB from C$130.00 to C$126.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Jefferies Financial Group set a C$129.00 price target on EQB and gave the stock a “buy” rating in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$122.80.

EQB Price Performance

EQB stock opened at C$101.10 on Thursday. The stock 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 12 month low of C$78.24 and a 12 month high of C$114.22. The business has a 50 day simple moving average of C$105.27 and a 200-day simple moving average of C$103.91.

EQB Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.49 per share. The ex-dividend date was Friday, December 13th. This represents a $1.96 dividend on an annualized basis and a yield of 1.94%. This is a positive change from EQB’s previous quarterly dividend of $0.47. EQB’s 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.