Cormark Weighs in on EQB’s FY2025 Earnings (TSE:EQB)

EQB Inc. (TSE:EQB) – Investment analysts at Cormark upped their FY2025 earnings per share estimates for shares of EQB in a research report issued on Wednesday, February 26th. Cormark analyst L. Persaud now forecasts that the company will post earnings of $11.97 per share for the year, up from their prior estimate of $11.68. Cormark has a “Market Perform” rating and a $110.00 price target on the stock. The consensus estimate for EQB’s current full-year earnings is $12.60 per share. Cormark also issued estimates for EQB’s FY2025 earnings at $11.97 EPS.

A number of other research analysts have also recently commented on EQB. Jefferies Financial Group set a C$129.00 price target on EQB and gave the stock a “buy” rating in a report on Thursday, January 30th. Royal Bank of Canada reduced their price objective on EQB from C$153.00 to C$147.00 and set an “outperform” rating on the stock in a research note on Thursday. National Bankshares lifted their price objective on EQB from C$109.00 to C$117.00 and gave the stock an “outperform” rating in a research note on Wednesday. TD Securities downgraded EQB from a “buy” rating to a “hold” rating and reduced their price objective for the stock from C$126.00 to C$110.00 in a research note on Friday, December 6th. Finally, BMO Capital Markets lifted their price objective on EQB from C$106.00 to C$119.00 in a research note on Monday, November 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, EQB currently has a consensus rating of “Moderate Buy” and a consensus target price of C$122.80.

EQB Trading Down 0.2 %

TSE EQB opened at C$101.10 on Friday. The stock’s 50 day moving average is C$105.27 and its 200 day moving average is C$103.91. EQB has a 12 month low of C$78.24 and a 12 month high of C$114.22. The stock has a market cap of C$3.91 billion, a PE ratio of 15.76, a P/E/G ratio of 0.34 and a beta of 1.59.

EQB Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.96 annualized dividend and a dividend yield of 1.94%. This is an increase from EQB’s previous quarterly dividend of $0.47. EQB’s payout ratio is currently 29.31%.

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.