Research Analysts Set Expectations for EQB FY2025 Earnings

EQB Inc. (TSE:EQB) – Equities researchers at Desjardins reduced their FY2025 earnings per share estimates for shares of EQB in a note issued to investors on Tuesday, November 11th. Desjardins analyst D. Young now anticipates that the company will earn $9.07 per share for the year, down from their prior forecast of $9.40. Desjardins currently has a “Buy” rating and a $103.00 price target on the stock. The consensus estimate for EQB’s current full-year earnings is $12.60 per share. Desjardins also issued estimates for EQB’s FY2026 earnings at $10.00 EPS.

Other equities research analysts have also issued reports about the stock. Royal Bank Of Canada decreased their price objective on shares of EQB from C$124.00 to C$112.00 and set an “outperform” rating on the stock in a research report on Friday, August 29th. CIBC reduced their price target on shares of EQB from C$126.00 to C$116.00 and set a “hold” rating on the stock in a report on Friday, August 29th. Jefferies Financial Group lowered shares of EQB from a “buy” rating to a “hold” rating and lowered their price target for the company from C$119.00 to C$107.00 in a research report on Friday, August 29th. BMO Capital Markets lifted their price objective on EQB from C$100.00 to C$108.00 and gave the stock a “market perform” rating in a research report on Friday, October 24th. Finally, Raymond James Financial lowered EQB from a “moderate buy” rating to a “hold” rating and reduced their target price for the company from C$108.00 to C$93.00 in a research note on Thursday, August 28th. Two research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, EQB has a consensus rating of “Hold” and an average price target of C$103.90.

EQB Stock Performance

EQB opened at C$87.37 on Thursday. The company has a market cap of C$3.35 billion, a price-to-earnings ratio of 9.91, a PEG ratio of 0.34 and a beta of 1.17. EQB has a one year low of C$85.14 and a one year high of C$114.22. The business’s fifty day moving average is C$91.05 and its two-hundred day moving average is C$95.58.

EQB Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 30th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.5%. This is a boost from EQB’s previous quarterly dividend of $0.53. The ex-dividend date was Monday, September 15th. EQB’s dividend payout ratio (DPR) is currently 22.68%.

EQB Company Profile

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.