EQB FY2025 EPS Forecast Reduced by Raymond James Financial

EQB Inc. (TSE:EQB) – Stock analysts at Raymond James Financial lowered their FY2025 EPS estimates for EQB in a research report issued on Thursday, August 28th. Raymond James Financial analyst S. Boland now expects that the company will earn $9.32 per share for the year, down from their previous estimate of $9.95. Raymond James Financial currently has a “Hold” rating and a $93.00 price objective on the stock. The consensus estimate for EQB’s current full-year earnings is $12.60 per share.

Several other equities analysts have also issued reports on EQB. Desjardins cut their price target on shares of EQB from C$110.00 to C$103.00 and set a “buy” rating on the stock in a report on Friday. BMO Capital Markets reduced their target price on EQB from C$111.00 to C$100.00 in a research report on Friday. CIBC lowered their price target on EQB from C$126.00 to C$116.00 and set a “hold” rating for the company in a report on Friday. Scotiabank dropped their price target on EQB from C$103.00 to C$94.00 and set a “sector perform” rating on the stock in a research note on Friday. Finally, Jefferies Financial Group lowered shares of EQB from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$119.00 to C$107.00 in a research report on Friday. Two research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of C$102.40.

EQB Stock Up 0.2%

TSE EQB opened at C$90.45 on Monday. EQB has a 52 week low of C$85.14 and a 52 week high of C$114.22. The company has a 50 day moving average price of C$101.32 and a 200 day moving average price of C$97.53. The firm has a market cap of C$3.46 billion, a PE ratio of 9.27, a price-to-earnings-growth ratio of 0.34 and a beta of 1.42.

EQB Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 30th were issued a $0.53 dividend. This is an increase from EQB’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.12 annualized dividend and a dividend yield of 2.3%. EQB’s payout ratio is currently 19.67%.

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.