Raymond James Issues Pessimistic Outlook for EQB Earnings

EQB Inc. (TSE:EQB) – Raymond James dropped their Q1 2025 earnings per share (EPS) estimates for EQB in a research report issued to clients and investors on Thursday, January 9th. Raymond James analyst S. Boland now expects that the company will post earnings per share of $2.93 for the quarter, down from their previous estimate of $2.94. Raymond James currently has a “Outperform” rating and a $121.00 price target 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 Q2 2025 earnings at $3.04 EPS, Q3 2025 earnings at $3.15 EPS, Q4 2025 earnings at $3.25 EPS, Q1 2026 earnings at $3.21 EPS, Q2 2026 earnings at $3.30 EPS, Q3 2026 earnings at $3.41 EPS, Q4 2026 earnings at $3.52 EPS and FY2026 earnings at $13.43 EPS.

Several other analysts also recently weighed in on the company. CIBC increased their target price on EQB from C$113.00 to C$130.00 in a research note on Tuesday, November 26th. BMO Capital Markets raised their price objective on shares of EQB from C$106.00 to C$119.00 in a research note on Monday, November 18th. Scotiabank dropped their target price on shares of EQB from C$135.00 to C$130.00 in a research report on Friday, December 6th. Cormark lowered shares of EQB from a “buy” rating to a “market perform” rating and decreased their price target for the stock from C$131.00 to C$110.00 in a research report on Thursday, December 5th. Finally, TD Securities lowered shares of EQB from a “buy” rating to a “hold” rating and cut their price objective for the company from C$126.00 to C$110.00 in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, EQB presently has an average rating of “Hold” and an average price target of C$115.50.

EQB Stock Performance

Shares of EQB stock opened at C$106.89 on Monday. The stock’s 50 day simple moving average is C$104.57 and its 200 day simple moving average is C$100.94. EQB has a twelve month low of C$78.24 and a twelve month high of C$113.20. The company has a market capitalization of C$4.10 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 0.34 and a beta of 1.59.

EQB Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a $0.49 dividend. The ex-dividend date of this dividend was Friday, December 13th. 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 1.83%. EQB’s dividend payout ratio is 19.75%.

EQB Company Profile

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.