Research Analysts Set Expectations for EQB Q1 Earnings

EQB Inc. (TSE:EQB) – Raymond James cut their Q1 2025 earnings per share (EPS) estimates for shares of EQB in a report issued on Thursday, December 5th. Raymond James analyst S. Boland now forecasts that the company will post earnings of $2.94 per share for the quarter, down from their prior estimate of $2.96. The consensus estimate for EQB’s current full-year earnings is $12.60 per share. Raymond James also issued estimates for EQB’s Q2 2025 earnings at $3.05 EPS and FY2025 earnings at $12.38 EPS.

EQB has been the topic of a number of other research reports. BMO Capital Markets boosted their price target on shares of EQB from C$106.00 to C$119.00 in a research report on Monday, November 18th. Scotiabank lowered their target price on shares of EQB from C$135.00 to C$130.00 in a research note on Friday. TD Securities cut shares of EQB from a “buy” rating to a “hold” rating and cut their price target for the company from C$126.00 to C$110.00 in a research report on Friday. CIBC increased their price target on EQB from C$113.00 to C$130.00 in a report on Tuesday, November 26th. Finally, Cormark downgraded EQB from a “buy” rating to a “market perform” rating and dropped their price objective for the company from C$131.00 to C$110.00 in a research note on Thursday. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, EQB presently has an average rating of “Hold” and a consensus price target of C$113.63.

EQB Price Performance

Shares of EQB stock opened at C$102.10 on Monday. The stock has a market capitalization of C$3.92 billion, a PE ratio of 10.72, a PEG ratio of 0.34 and a beta of 1.59. The business’s 50 day simple moving average is C$107.22 and its 200 day simple moving average is C$98.65. EQB has a one year low of C$77.96 and a one year high of C$113.20.

EQB Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.49 per share. This is an increase from EQB’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.96 annualized dividend and a dividend yield of 1.92%. EQB’s payout ratio is currently 19.75%.

About EQB

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.