Research Analysts Set Expectations for EQB FY2027 Earnings

EQB Inc. (TSE:EQB) – Research analysts at Scotiabank reduced their FY2027 EPS estimates for shares of EQB in a research note issued to investors on Monday, November 2nd. Scotiabank analyst M. Saric now anticipates that the company will earn $11.50 per share for the year, down from their previous estimate of $11.61. The consensus estimate for EQB’s current full-year earnings is $12.60 per share.

A number of other research firms also recently weighed in on EQB. TD increased their price objective on EQB from C$123.00 to C$154.00 and gave the company a “buy” rating in a report on Friday, August 14th. National Bank Financial raised their target price on EQB from C$120.00 to C$143.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 13th. Desjardins cut their target price on EQB from C$155.00 to C$150.00 and set a “buy” rating on the stock in a report on Friday, August 28th. Canadian Imperial Bank of Commerce reduced their price target on EQB from C$165.00 to C$154.00 and set an “outperformer” rating on the stock in a research report on Friday, August 28th. Finally, Jefferies Financial Group reduced their price target on EQB from C$128.00 to C$127.00 in a research report on Thursday, September 3rd. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, EQB presently has an average rating of “Moderate Buy” and a consensus price target of C$139.50.

EQB Stock Performance

Shares of TSE:EQB opened at C$127.87 on Thursday. The firm has a market cap of C$5.44 billion, a PE ratio of -456.68, a price-to-earnings-growth ratio of 0.34 and a beta of 0.86. The firm’s fifty day moving average is C$124.21 and its 200-day moving average is C$122.52. EQB has a 52 week low of C$83.93 and a 52 week high of C$150.32.

EQB (TSE:EQB) last released its quarterly earnings results on Wednesday, August 26th. The company reported C$2.12 earnings per share (EPS) for the quarter. The firm had revenue of C$393.04 million during the quarter. EQB had a negative net margin of 0.08% and a negative return on equity of 0.07%.

Insider Transactions at EQB

In other news, insider Loblaw Companies Limited purchased 16,000 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were purchased at an average price of C$126.95 per share, for a total transaction of C$2,031,200.00. Following the transaction, the insider owned 1,660,100 shares of the company’s stock, valued at approximately C$210,749,695. This trade represents a 0.97% increase in their ownership of the stock. In the last three months, insiders have purchased 184,200 shares of company stock worth $23,628,874. 29.02% of the stock is currently owned by company insiders.

EQB Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.0%. The ex-dividend date was Tuesday, September 15th. This is a positive change from EQB’s previous quarterly dividend of $0.61. EQB’s dividend payout ratio (DPR) is -828.57%.

EQB Company Profile

EQB Inc (TSX: EQB) is a leading Canadian financial services company with approximately $151 billion in combined assets under management and administration. It is the parent company of Equitable Bank, the country’s seventh largest Schedule I bank by assets, which operates EQ Bank, Canada’s Challenger Bank. Our purpose is to remake banking so every Canadian gets ahead, every day. Since 1970, we have built thoughtful financial solutions that serve more than 4 million customers, turning everyday moments into meaningful progress.