Research Analysts Issue Forecasts for EQB FY2026 Earnings

EQB Inc. (TSE:EQB) – Equities research analysts at Scotiabank reduced their FY2026 earnings per share (EPS) estimates for shares of EQB in a research report issued on Thursday, September 10th. Scotiabank analyst M. Saric now forecasts that the company will post earnings of $8.88 per share for the year, down from their previous forecast of $9.21. The consensus estimate for EQB’s current full-year earnings is $12.60 per share. Scotiabank also issued estimates for EQB’s FY2027 earnings at $11.61 EPS.

EQB (TSE:EQB) last announced its quarterly earnings results on Wednesday, August 26th. The company reported C$2.12 earnings per share for the quarter. EQB had a negative return on equity of 0.07% and a negative net margin of 0.08%.The company had revenue of C$393.04 million during the quarter.

Several other analysts have also commented on the stock. Canadian Imperial Bank of Commerce dropped their price target on shares of EQB from C$165.00 to C$154.00 and set an “outperformer” rating on the stock in a research report on Friday, August 28th. Desjardins cut their price target on EQB from C$155.00 to C$150.00 and set a “buy” rating for the company in a research note on Friday, August 28th. Royal Bank Of Canada increased their price target on EQB from C$131.00 to C$146.00 and gave the stock an “outperform” rating in a research report on Friday, August 28th. Jefferies Financial Group cut their price objective on EQB from C$128.00 to C$127.00 in a research report on Thursday, September 3rd. Finally, Raymond James Financial lowered EQB from a “hold” rating to a “strong sell” rating and decreased their target price for the company from C$136.00 to C$120.00 in a research report on Friday, August 28th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, EQB presently has a consensus rating of “Hold” and an average price target of C$139.10.

EQB Price Performance

TSE:EQB opened at C$128.93 on Tuesday. The firm has a market cap of C$4.72 billion, a price-to-earnings ratio of -460.46, a price-to-earnings-growth ratio of 0.34 and a beta of 0.83. The company has a 50 day moving average price of C$136.57 and a 200-day moving average price of C$124.57. EQB has a 1-year low of C$83.93 and a 1-year high of C$150.32.

Insider Activity

In other news, insider Loblaw Companies Limited purchased 16,000 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The stock was purchased at an average cost of C$128.16 per share, for a total transaction of C$2,050,560.00. Following the completion of the transaction, the insider owned 1,612,100 shares of the company’s stock, valued at C$206,606,736. This trade represents a 1.00% increase in their ownership of the stock. Over the last quarter, insiders purchased 150,100 shares of company stock valued at $19,914,708 and sold 7,484 shares valued at $1,069,719. 29.02% of the stock is owned by corporate insiders.

EQB Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 2.0%. This is a boost from EQB’s previous quarterly dividend of $0.61. The ex-dividend date is Tuesday, September 15th. EQB’s dividend payout ratio (DPR) is -828.57%.

EQB Company Profile

EQB Inc (TSX: EQB) is a leading Canadian financial services company with approximately $151 billion in combined assets under management and administration. It is the parent company of Equitable Bank, the country’s seventh largest Schedule I bank by assets, which operates EQ Bank, Canada’s Challenger Bank. Our purpose is to remake banking so every Canadian gets ahead, every day. Since 1970, we have built thoughtful financial solutions that serve more than 4 million customers, turning everyday moments into meaningful progress.