Q1 Earnings Estimate for EQB Issued By Raymond James

EQB Inc. (TSE:EQB) – Investment analysts at Raymond James decreased their Q1 2025 EPS estimates for EQB in a research note issued to investors on Tuesday, November 19th. Raymond James analyst S. Boland now expects that the company will post earnings per share of $2.96 for the quarter, down from their previous estimate of $3.01. The consensus estimate for EQB’s current full-year earnings is $12.60 per share. Raymond James also issued estimates for EQB’s FY2025 earnings at $12.40 EPS.

EQB has been the topic of several other reports. BMO Capital Markets upped their price objective on EQB from C$106.00 to C$119.00 in a research report on Monday. Cormark lowered their target price on shares of EQB from C$121.00 to C$111.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. CIBC boosted their price objective on shares of EQB from C$105.00 to C$113.00 in a report on Friday, September 6th. Scotiabank lowered their price target on EQB from C$113.00 to C$109.00 in a report on Monday, August 19th. Finally, TD Securities reduced their price objective on EQB from C$112.00 to C$109.00 and set a “buy” rating for the company in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$108.00.

EQB Stock Performance

Shares of TSE EQB opened at C$109.40 on Thursday. The firm’s 50 day moving average price is C$105.43 and its 200-day moving average price is C$96.67. EQB has a 52-week low of C$71.90 and a 52-week high of C$109.80. The company has a market cap of C$4.20 billion, a PE ratio of 11.48, a P/E/G ratio of 0.34 and a beta of 1.59.

EQB (TSE:EQB) last posted its quarterly earnings results on Wednesday, August 28th. The company reported C$2.96 earnings per share (EPS) for the quarter, topping the consensus estimate of C$2.93 by C$0.03. The firm had revenue of C$327.24 million during the quarter, compared to analyst estimates of C$325.00 million. EQB had a return on equity of 14.70% and a net margin of 39.67%.

EQB Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 30th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend was Friday, September 13th. This is a positive change from EQB’s previous quarterly dividend of $0.45. EQB’s dividend payout ratio is presently 19.75%.

EQB Company Profile

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.