Brokers Offer Predictions for EQB’s Q4 Earnings (TSE:EQB)

EQB Inc. (TSE:EQB) – National Bank Financial lowered their Q4 2024 EPS estimates for shares of EQB in a research note issued on Tuesday, November 19th. National Bank Financial analyst G. Dechaine now forecasts that the company will post earnings of $2.82 per share for the quarter, down from their prior estimate of $2.98. The consensus estimate for EQB’s current full-year earnings is $12.60 per share. National Bank Financial also issued estimates for EQB’s FY2025 earnings at $12.30 EPS and FY2026 earnings at $13.96 EPS.

EQB has been the topic of several other research reports. Scotiabank dropped their price target on shares of EQB from C$113.00 to C$109.00 in a research note on Monday, August 19th. CIBC lifted their target price on EQB from C$105.00 to C$113.00 in a research report on Friday, September 6th. TD Securities reduced their price target on EQB from C$112.00 to C$109.00 and set a “buy” rating for the company in a research report on Friday, August 30th. BMO Capital Markets lifted their price objective on EQB from C$106.00 to C$119.00 in a research report on Monday. Finally, Raymond James reduced their target price on shares of EQB from C$110.00 to C$106.00 in a report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, EQB has a consensus rating of “Moderate Buy” and a consensus price target of C$108.00.

EQB Trading Up 0.1 %

Shares of TSE EQB opened at C$108.45 on Thursday. EQB has a 12-month low of C$71.90 and a 12-month high of C$109.80. The firm has a market capitalization of C$4.16 billion, a price-to-earnings ratio of 11.39, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59. The firm has a 50 day moving average of C$105.43 and a 200 day moving average of C$96.67.

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

EQB Increases Dividend

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