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

EQB Inc. (TSE:EQB) – Equities researchers at Raymond James decreased their Q1 2025 earnings per share (EPS) estimates for shares of EQB in a research note issued to investors on Thursday, December 5th. Raymond James analyst S. Boland now anticipates that the company will earn $2.94 per share for the quarter, down from their prior forecast 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.

Several other research firms have also weighed in on EQB. TD Securities lowered EQB from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$126.00 to C$110.00 in a report on Friday, December 6th. CIBC lifted their target price on EQB from C$113.00 to C$130.00 in a report on Tuesday, November 26th. Scotiabank reduced their target price on EQB from C$135.00 to C$130.00 in a report on Friday, December 6th. Cormark lowered EQB from a “buy” rating to a “market perform” rating and reduced their target price for the stock from C$131.00 to C$110.00 in a report on Thursday, December 5th. Finally, BMO Capital Markets lifted their target price on EQB from C$106.00 to C$119.00 in a report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, EQB has a consensus rating of “Hold” and an average price target of C$113.63.

EQB Trading Down 2.5 %

EQB stock opened at C$99.92 on Monday. The business’s 50-day moving average price is C$107.12 and its two-hundred day moving average price is C$98.92. The firm has a market cap of C$3.83 billion, a PE ratio of 10.50, a P/E/G ratio of 0.34 and a beta of 1.59. EQB has a 1-year low of C$77.96 and a 1-year high of C$113.20.

EQB Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.96%. This is a positive change from EQB’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Friday, December 13th. 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.