Brokers Set Expectations for EQB’s Q1 Earnings (TSE:EQB)

EQB Inc. (TSE:EQB) – Analysts at Raymond James decreased their Q1 2025 earnings per share (EPS) estimates for EQB in a research report issued on Thursday, December 5th. Raymond James analyst S. Boland now forecasts that the company will earn $2.94 per share for the quarter, down from their previous estimate of $2.96. The consensus estimate for EQB’s current full-year earnings is $12.60 per share. Raymond James also issued estimates for EQB’s Q2 2025 earnings at $3.05 EPS and FY2025 earnings at $12.38 EPS.

EQB has been the subject of several other research reports. BMO Capital Markets increased their price objective on shares of EQB from C$106.00 to C$119.00 in a research report on Monday, November 18th. Scotiabank lowered their price target on EQB from C$135.00 to C$130.00 in a report on Friday. TD Securities cut EQB from a “buy” rating to a “hold” rating and reduced their price objective for the stock from C$126.00 to C$110.00 in a research note on Friday. CIBC upped their target price on EQB from C$113.00 to C$130.00 in a research report on Tuesday, November 26th. Finally, Cormark downgraded EQB from a “buy” rating to a “market perform” rating and dropped their target price for the company from C$131.00 to C$110.00 in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$113.63.

EQB Trading Up 0.4 %

Shares of EQB stock opened at C$102.46 on Monday. The business’s fifty day moving average price is C$107.20 and its 200 day moving average price is C$98.79. EQB has a twelve month low of C$77.96 and a twelve month high of C$113.20. The stock has a market capitalization of C$3.93 billion, a P/E ratio of 10.76, a PEG ratio of 0.34 and a beta of 1.59.

EQB Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be given a $0.49 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.96 annualized dividend and a dividend yield of 1.91%. This is an increase from EQB’s previous quarterly dividend of $0.47. EQB’s payout ratio is presently 19.75%.

About EQB

EQB Inc, through its subsidiary, Equitable Bank, provides personal and commercial banking services to retail and commercial customers in Canada. The company accepts term deposits and guaranteed investment certificates, high interest savings accounts, institutional deposit notes and covered bonds, as well as specialized financing solutions.