Research Analysts Set Expectations for Equitable Group Inc.’s Q3 2017 Earnings (TSE:EQB)
Equitable Group Inc. (TSE:EQB) – Equities researchers at Cormark cut their Q3 2017 earnings per share (EPS) estimates for Equitable Group in a report issued on Monday. Cormark analyst J. Fenwick now forecasts that the company will post earnings of $2.05 per share for the quarter, down from their prior forecast of $2.20. Cormark also issued estimates for Equitable Group’s Q4 2017 earnings at $2.12 EPS, Q1 2018 earnings at $2.27 EPS, Q2 2018 earnings at $2.19 EPS, Q3 2018 earnings at $2.33 EPS, Q4 2018 earnings at $2.46 EPS and FY2018 earnings at $9.26 EPS.
A number of other brokerages also recently commented on EQB. National Bank Financial lifted their price objective on Equitable Group from C$47.00 to C$65.00 and gave the stock a “sector perform” rating in a research report on Monday, June 26th. TD Securities reduced their price objective on Equitable Group from C$71.00 to C$68.00 in a research report on Monday. Scotiabank reduced their price objective on Equitable Group from C$71.00 to C$61.00 and set a “sector perform” rating on the stock in a research report on Tuesday, May 2nd. Finally, Royal Bank Of Canada reduced their price objective on Equitable Group from C$70.00 to C$53.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 3rd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of C$61.75.
Shares of Equitable Group (EQB) opened at 55.975 on Tuesday. The company’s 50-day moving average price is $57.22 and its 200 day moving average price is $59.24. The stock has a market cap of $921.91 million and a price-to-earnings ratio of 5.861. Equitable Group has a 12-month low of $36.15 and a 12-month high of $74.66.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Friday, September 15th will be given a $0.24 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.96 dividend on an annualized basis and a yield of 1.72%. This is an increase from Equitable Group’s previous quarterly dividend of $0.23.
Equitable Group Company Profile
Equitable Group Inc is a financial services business that operates through its wholly owned subsidiary, Equitable Bank (the Bank). Equitable Bank serves retail and commercial customers across Canada with a range of savings solutions and mortgage lending products, offered under the Equitable Bank and EQ Bank brands.
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