EQB (TSE:EQB – Get Free Report) will be issuing its quarterly earnings data after the market closes on Wednesday, August 28th. Analysts expect the company to announce earnings of C$2.92 per share for the quarter.
EQB (TSE:EQB – Get Free Report) last announced its quarterly earnings data on Wednesday, May 29th. The company reported C$2.67 earnings per share for the quarter, missing analysts’ consensus estimates of C$2.71 by C($0.04). The firm had revenue of C$316.66 million during the quarter, compared to analysts’ expectations of C$300.40 million. EQB had a net margin of 39.67% and a return on equity of 14.70%.
EQB Stock Performance
Shares of EQB stock opened at C$97.48 on Monday. The stock’s fifty day moving average is C$94.55 and its two-hundred day moving average is C$89.26. The firm has a market capitalization of C$3.73 billion, a P/E ratio of 10.47, a PEG ratio of 0.34 and a beta of 1.58. EQB has a fifty-two week low of C$66.41 and a fifty-two week high of C$98.88.
EQB Increases Dividend
Analyst Upgrades and Downgrades
Several research firms have recently commented on EQB. BMO Capital Markets lifted their price target on EQB from C$102.00 to C$104.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. CIBC reduced their price target on EQB from C$110.00 to C$105.00 and set an “outperform” rating on the stock in a report on Tuesday, August 20th. Raymond James reduced their price target on EQB from C$110.00 to C$106.00 in a report on Wednesday, August 21st. Royal Bank of Canada raised their price objective on EQB from C$107.00 to C$109.00 and gave the stock an “outperform” rating in a research report on Thursday, May 30th. Finally, Scotiabank cut their price objective on EQB from C$113.00 to C$109.00 in a research report on Monday, August 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$106.89.
Check Out Our Latest Stock Report on EQB
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.
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