Q4 2024 EPS Estimates for EQB Inc. (TSE:EQB) Lowered by National Bank Financial

EQB Inc. (TSE:EQB) – Investment analysts at National Bank Financial decreased their Q4 2024 earnings per share (EPS) estimates for EQB in a research note issued to investors on Wednesday, August 28th. National Bank Financial analyst G. Dechaine now forecasts that the company will post earnings of $2.98 per share for the quarter, down from their previous forecast of $2.99. The consensus estimate for EQB’s current full-year earnings is $11.44 per share.

Other equities research analysts have also issued research reports about the stock. TD Securities decreased their price objective on shares of EQB from C$112.00 to C$109.00 and set a “buy” rating for the company in a report on Friday, August 30th. Scotiabank decreased their price target on shares of EQB from C$113.00 to C$109.00 in a research note on Monday, August 19th. CIBC dropped their price objective on EQB from C$110.00 to C$105.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 20th. Raymond James decreased their target price on EQB from C$110.00 to C$106.00 in a research report on Wednesday, August 21st. Finally, Cormark lowered their target price on EQB from C$121.00 to C$111.00 and set a “buy” rating for the company in a report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$105.67.

EQB Trading Down 1.1 %

TSE:EQB opened at C$94.29 on Monday. The stock has a fifty day simple moving average of C$95.38 and a 200-day simple moving average of C$89.54. The company has a market cap of C$3.61 billion, a price-to-earnings ratio of 10.13, a price-to-earnings-growth ratio of 0.34 and a beta of 1.58. EQB has a twelve month low of C$66.41 and a twelve month high of C$98.88.

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

EQB Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 30th will be paid a dividend of $0.47 per share. This is a boost from EQB’s previous quarterly dividend of $0.45. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Friday, September 13th. EQB’s dividend payout ratio is 19.33%.

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.