Scotiabank Has Pessimistic Outlook of EQB FY2025 Earnings

EQB Inc. (TSE:EQB) – Stock analysts at Scotiabank dropped their FY2025 earnings per share estimates for shares of EQB in a research report issued on Wednesday, January 8th. Scotiabank analyst M. Grauman now forecasts that the company will post earnings per share of $12.06 for the year, down from their prior forecast of $12.51. The consensus estimate for EQB’s current full-year earnings is $12.60 per share. Scotiabank also issued estimates for EQB’s FY2026 earnings at $13.71 EPS.

Other analysts have also issued research reports about the stock. Cormark lowered shares of EQB from a “buy” rating to a “market perform” rating and reduced their price target for the company from C$131.00 to C$110.00 in a research report on Thursday, December 5th. TD Securities downgraded EQB from a “buy” rating to a “hold” rating and reduced their target price for the company from C$126.00 to C$110.00 in a research report on Friday, December 6th. CIBC increased their price target on EQB from C$113.00 to C$130.00 in a report on Tuesday, November 26th. Raymond James raised their price objective on EQB from C$112.00 to C$121.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, BMO Capital Markets boosted their price objective on shares of EQB from C$106.00 to C$119.00 in a report on Monday, November 18th. 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. Based on data from MarketBeat.com, EQB currently has an average rating of “Hold” and an average price target of C$115.50.

EQB Trading Up 0.7 %

EQB stock opened at C$106.89 on Friday. The stock has a market cap of C$4.10 billion, a P/E ratio of 11.23, a PEG ratio of 0.34 and a beta of 1.59. The company has a 50-day moving average price of C$104.57 and a 200 day moving average price of C$100.94. EQB has a 12-month low of C$78.24 and a 12-month high of C$113.20.

EQB Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend was Friday, December 13th. This is a boost from EQB’s previous quarterly dividend of $0.47. EQB’s dividend payout ratio is currently 19.75%.

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.