Brokers Issue Forecasts for EQB’s Q4 Earnings (TSE:EQB)

EQB Inc. (TSE:EQB) – Analysts at National Bank Financial reduced their Q4 2024 EPS estimates for shares of EQB in a research note issued to investors on Tuesday, November 19th. National Bank Financial analyst G. Dechaine now expects that the company will earn $2.82 per share for the quarter, down from their previous forecast of $2.98. The consensus estimate for EQB’s current full-year earnings is $12.60 per share. National Bank Financial also issued estimates for EQB’s FY2025 earnings at $12.30 EPS and FY2026 earnings at $13.96 EPS.

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

Several other research firms have also recently weighed in on EQB. CIBC boosted their price target on shares of EQB from C$105.00 to C$113.00 in a report on Friday, September 6th. Raymond James lowered their target price on shares of EQB from C$110.00 to C$106.00 in a report on Wednesday, August 21st. TD Securities lowered their price target on shares of EQB from C$112.00 to C$109.00 and set a “buy” rating on the stock in a report on Friday, August 30th. BMO Capital Markets lifted their price objective on EQB from C$106.00 to C$119.00 in a research note on Monday, November 18th. Finally, Scotiabank dropped their target price on shares of EQB from C$113.00 to C$109.00 in a research report on Monday, August 19th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$108.00.

EQB Stock Performance

EQB stock opened at C$110.35 on Thursday. The stock’s 50 day simple moving average is C$105.67 and its 200 day simple moving average is C$96.76. EQB has a fifty-two week low of C$73.12 and a fifty-two week high of C$111.53. The company has a market cap of C$4.24 billion, a P/E ratio of 11.58, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59.

EQB Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 30th were given a dividend of $0.47 per share. The ex-dividend date was Friday, September 13th. This is an increase from EQB’s previous quarterly dividend of $0.45. This represents a $1.88 annualized dividend and a yield of 1.70%. EQB’s payout ratio is 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.