Research Analysts Adjust Earnings Forecasts for EQB for FY2025

On December 5th, 2024, analysts at Cormark revised their forecasts for the earnings per share (EPS) of EQB Inc. (TSE:EQB – Free Report) for the fiscal year 2025. In their latest research note, Cormark's analyst, L. Persaud, decreased their EPS estimate from $12.48 to $12.04, indicating potential challenges for the company in the upcoming year. Currently, Cormark maintains a “Market Perform” rating on EQB with a price target set at $110.00. This adjustment comes as the consensus estimate for EQB's full-year earnings stands at $12.60 per share. Additionally, Cormark has projected earnings of $13.71 EPS for FY2026.

Other financial institutions have also recently reevaluated their forecasts for EQB's stock. For instance, Raymond James lowered their target price from C$110.00 to C$106.00 in a report dated August 21st. Conversely, BMO Capital Markets raised their price target from C$106.00 to C$119.00 in a note issued on November 18th. TD Securities made a notable downgrade, changing their rating from “buy” to “hold” and reducing their target price from C$126.00 to C$110.00. In another report, CIBC increased their price objective from C$113.00 to C$130.00 on November 26th, while Scotiabank lowered their target from C$135.00 to C$130.00.

The current ratings for EQB's stock are mixed, with one research analyst recommending a sell, three giving it a hold rating, and five offering a buy rating. According to data from MarketBeat, the average rating for EQB is currently “Hold”, with an average target price of C$113.63.

Market Performance of EQB Stock

On the trading floor, EQB's shares opened at C$102.10 recently. The stock has a market capitalization of C$3.92 billion, with a price-to-earnings ratio of 10.72, a PEG ratio of 0.34, and a beta coefficient of 1.59. The trading history shows a 12-month low of C$77.96 and a high of C$113.20. Notably, the stock has seen a decline of 2.2%.

Dividend Announcement by EQB

In addition to the earnings forecasts, EQB has declared an increase in its quarterly dividend. Stockholders of record on December 31st will receive a dividend of $0.49 per share, up from the previous rate of $0.47. This change translates to an annualized dividend of $1.96 and a dividend yield of 1.92%. The ex-dividend date is set for December 13th, and EQB's current dividend payout ratio stands at 19.75%.

Overview of EQB Inc.

EQB Inc. operates through its subsidiary, Equitable Bank, offering a wide range of personal and commercial banking services to customers across Canada. The company specializes in various financial products including term deposits, guaranteed investment certificates, high-interest savings accounts, and specialized financing solutions.

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