National Bank Financial Reduces Earnings Estimates for EQB

EQB Inc. (TSE:EQB) – Investment analysts at National Bank Financial reduced their Q4 2024 EPS estimates for shares of EQB in a research report issued to clients and investors on Tuesday, November 19th. National Bank Financial analyst G. Dechaine now forecasts that the company will earn $2.82 per share for the quarter, down from their prior forecast of $2.98. The consensus estimate for EQB’s current full-year earnings is $12.60 per share. National Bank Financial also issued estimates for EQB’s FY2025 earnings at $12.30 EPS and FY2026 earnings at $13.96 EPS.

Other analysts also recently issued research reports about the stock. Raymond James reduced their price target on shares of EQB from C$110.00 to C$106.00 in a report on Wednesday, August 21st. TD Securities reduced their target price on EQB from C$112.00 to C$109.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. CIBC raised their price target on EQB from C$105.00 to C$113.00 in a research report on Friday, September 6th. BMO Capital Markets upped their price objective on EQB from C$106.00 to C$119.00 in a research report on Monday. Finally, Scotiabank decreased their price objective on EQB from C$113.00 to C$109.00 in a research note on Monday, August 19th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$108.00.

EQB Stock Up 0.9 %

EQB stock opened at C$109.40 on Thursday. The firm has a market capitalization of C$4.20 billion, a PE ratio of 11.48, a P/E/G ratio of 0.34 and a beta of 1.59. EQB has a 52 week low of C$71.90 and a 52 week high of C$109.80. The firm’s 50-day simple moving average is C$105.43 and its 200 day simple moving average is C$96.67.

EQB (TSE:EQB) last released its quarterly earnings results on Wednesday, August 28th. The company reported C$2.96 earnings per share for the quarter, topping analysts’ consensus estimates 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 business 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 announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 30th were given a $0.47 dividend. The ex-dividend date of this dividend was Friday, September 13th. This is a boost from EQB’s previous quarterly dividend of $0.45. This represents a $1.88 annualized dividend and a dividend yield of 1.72%. EQB’s dividend payout ratio (DPR) 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.