Research Analysts Offer Predictions for EQB FY2027 Earnings

EQB Inc. (TSE:EQB) – Equities research analysts at Scotiabank increased their FY2027 earnings estimates for EQB in a research report issued to clients and investors on Thursday, March 5th. Scotiabank analyst M. Saric now anticipates that the company will earn $12.20 per share for the year, up from their previous forecast of $11.17. The consensus estimate for EQB’s current full-year earnings is $12.60 per share.

Several other research analysts have also recently issued reports on the stock. National Bank Financial increased their price objective on shares of EQB from C$111.00 to C$120.00 and gave the company a “sector perform” rating in a report on Thursday, February 26th. Desjardins boosted their target price on EQB from C$110.00 to C$125.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Veritas upgraded EQB to a “hold” rating in a research report on Monday, December 1st. TD Securities decreased their price target on EQB from C$138.00 to C$132.00 in a research note on Thursday, February 26th. Finally, BMO Capital Markets upgraded EQB from a “hold” rating to an “outperform” rating and lifted their price target for the company from C$108.00 to C$130.00 in a research report on Tuesday, January 20th. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$117.44.

EQB Trading Down 0.5%

EQB stock opened at C$118.49 on Monday. EQB has a 52 week low of C$83.93 and a 52 week high of C$126.51. The stock has a market cap of C$4.34 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 0.34 and a beta of 0.78. The company’s 50-day moving average price is C$110.83 and its two-hundred day moving average price is C$98.92.

EQB Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, March 13th. This is an increase from EQB’s previous quarterly dividend of $0.57. EQB’s payout ratio is presently 36.06%.

About EQB

EQB Inc formerly Equitable Group Inc trades on the Toronto Stock Exchange TSX: EQB and EQB.PR.C and serves over 360000 Canadians through its wholly owned subsidiary Equitable Bank Canadas Challenger Bank. Equitable Bank has grown to become the countrys eighth largest independent Schedule I bank with a clear mandate to drive real change in Canadian banking to enrich peoples lives. At Equitable Bank we are as invested in our employees as we are in our business. Thats why we are consistently recognized as one of Canadas Top Employers a rating that comes from our 1300+ employees.