Research Analysts Issue Forecasts for EQB Q1 Earnings

EQB Inc. (TSE:EQB) – Investment analysts at Raymond James reduced their Q1 2025 earnings estimates for shares of EQB in a note issued to investors on Tuesday, November 19th. Raymond James analyst S. Boland now forecasts that the company will earn $2.96 per share for the quarter, down from their prior 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.

EQB (TSE:EQB) last announced its quarterly 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 business had revenue of C$327.24 million during the quarter, compared to the consensus estimate of C$325.00 million.

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

EQB Trading Up 0.9 %

Shares of EQB stock opened at C$109.40 on Thursday. The firm has a market capitalization of C$4.20 billion, a P/E ratio of 11.48, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59. The business’s fifty day simple moving average is C$105.43 and its 200 day simple moving average is C$96.67. EQB has a 12 month low of C$71.90 and a 12 month high of C$109.80.

EQB Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 30th were paid a $0.47 dividend. The ex-dividend date of this dividend was Friday, September 13th. This is an increase from EQB’s previous quarterly dividend of $0.45. This represents a $1.88 annualized dividend and a yield of 1.72%. 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.