Brokers Issue Forecasts for EQB’s Q1 Earnings (TSE:EQB)

EQB Inc. (TSE:EQB) – Research analysts at Raymond James dropped their Q1 2025 earnings per share (EPS) estimates for shares of EQB in a report issued on Tuesday, November 19th. Raymond James analyst S. Boland now expects that the company will earn $2.96 per share for the quarter, down from their previous forecast of $3.01. 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 $12.40 EPS.

Several other equities research analysts have also recently issued reports on the company. CIBC lifted their price target on EQB from C$105.00 to C$113.00 in a research report on Friday, September 6th. Scotiabank dropped their price target on EQB from C$113.00 to C$109.00 in a research report on Monday, August 19th. TD Securities dropped their price target on EQB from C$112.00 to C$109.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Cormark dropped their price target on EQB from C$121.00 to C$111.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Finally, BMO Capital Markets boosted their target price on EQB from C$106.00 to C$119.00 in a research report on Monday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$108.00.

EQB Trading Up 0.1 %

Shares of EQB stock opened at C$108.45 on Thursday. EQB has a 12-month low of C$71.90 and a 12-month 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. The stock has a market capitalization of C$4.16 billion, a price-to-earnings ratio of 11.39, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59.

EQB (TSE:EQB) last issued its earnings results on Wednesday, August 28th. The company reported C$2.96 earnings per share (EPS) 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 firm had revenue of C$327.24 million for the quarter, compared to analysts’ expectations of C$325.00 million.

EQB Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 30th were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend was Friday, September 13th. This is an increase from EQB’s previous quarterly dividend of $0.45. EQB’s payout ratio is currently 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.