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

EQB Inc. (TSE:EQB) – Stock analysts at Cormark upped their FY2025 EPS estimates for shares of EQB in a report issued on Wednesday, February 26th. Cormark analyst L. Persaud now forecasts that the company will post earnings per share of $11.97 for the year, up from their prior estimate of $11.68. Cormark currently has a “Market Perform” rating and a $110.00 target price 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 equities analysts have also weighed in on EQB. Raymond James increased their target price on EQB from C$112.00 to C$121.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. TD Securities cut EQB from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$126.00 to C$110.00 in a research report on Friday, December 6th. Jefferies Financial Group set a C$129.00 target price on shares of EQB and gave the company a “buy” rating in a research report on Thursday, January 30th. CIBC raised their price target on shares of EQB from C$113.00 to C$130.00 in a research report on Tuesday, November 26th. Finally, National Bankshares lifted their price objective on shares of EQB from C$109.00 to C$117.00 and gave the stock an “outperform” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, EQB presently has a consensus rating of “Moderate Buy” and an average target price of C$122.80.

EQB Stock Down 1.9 %

Shares of EQB stock opened at C$101.27 on Friday. EQB has a 12-month low of C$78.24 and a 12-month high of C$114.22. The company has a market capitalization of C$3.92 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59. The firm has a 50 day moving average price of C$105.27 and a two-hundred day moving average price of C$103.91.

EQB Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 1.94%. This is a boost from EQB’s previous quarterly dividend of $0.47. The ex-dividend date was Friday, December 13th. EQB’s dividend payout ratio (DPR) is 29.31%.

About EQB

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.