Scotiabank Comments on EQB’s FY2027 Earnings (TSE:EQB)

EQB Inc. (TSE:EQB) – Scotiabank boosted their FY2027 earnings per share estimates for EQB in a report released on Thursday, March 5th. Scotiabank analyst M. Saric now forecasts that the company will post earnings per share of $12.20 for the year, up from their previous estimate of $11.17. The consensus estimate for EQB’s current full-year earnings is $12.60 per share.

A number of other research firms have also recently issued reports on EQB. Desjardins increased their price target on EQB from C$110.00 to C$125.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Veritas raised shares of EQB to a “hold” rating in a research note on Monday, December 1st. TD Securities reduced their price target on shares of EQB from C$138.00 to C$132.00 in a report on Thursday, February 26th. BMO Capital Markets upgraded shares of EQB from a “hold” rating to an “outperform” rating and upped their price objective for the company from C$108.00 to C$130.00 in a report on Tuesday, January 20th. Finally, Raymond James Financial reduced their target price on EQB from C$93.00 to C$91.00 in a research note on Friday, December 5th. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$117.44.

EQB Price Performance

Shares of EQB stock opened at C$117.88 on Monday. The firm has a market cap of C$4.31 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 0.34 and a beta of 0.78. The stock’s 50-day moving average is C$111.12 and its 200 day moving average is C$99.04. EQB has a one year low of C$83.93 and a one year high of C$126.51.

EQB Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, March 13th. This is a positive change from EQB’s previous quarterly dividend of $0.57. EQB’s payout ratio is 36.06%.

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. At Equitable Bank we are as invested in our employees as we are in our business. Thats why we are consistently recognized as one of Canadas Top Employers a rating that comes from our 1300+ employees.