Brokers Issue Forecasts for EQB’s Q1 Earnings (TSE:EQB)

EQB Inc. (TSE:EQB) – Stock analysts at Raymond James lowered their Q1 2025 earnings per share estimates for shares of EQB in a research note issued to investors on Tuesday, November 19th. Raymond James analyst S. Boland now forecasts that the company will post earnings of $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, beating 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 company had revenue of C$327.24 million for the quarter, compared to the consensus estimate of C$325.00 million.

Other analysts have also recently issued reports about the company. TD Securities dropped their price target 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. CIBC boosted their price target on EQB from C$105.00 to C$113.00 in a research report on Friday, September 6th. Cormark dropped their price target on EQB from C$121.00 to C$111.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Scotiabank lowered their price objective on EQB from C$113.00 to C$109.00 in a research report on Monday, August 19th. Finally, BMO Capital Markets upped their price objective on EQB from C$106.00 to C$119.00 in a research report on Monday. 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 data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$108.00.

EQB Stock Up 0.1 %

Shares of EQB opened at C$108.45 on Thursday. The business’s 50 day moving average price is C$105.43 and its 200-day moving average price is C$96.67. EQB has a 52 week low of C$71.90 and a 52 week high of C$109.80. The stock has a market cap of C$4.16 billion, a P/E ratio of 11.39, a P/E/G ratio of 0.34 and a beta of 1.59.

EQB Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 30th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 1.73%. This is a boost from EQB’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, September 13th. EQB’s dividend payout ratio is presently 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.