Scotiabank Research Analysts Lift Earnings Estimates for EQB

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

Several other research firms also recently issued reports on EQB. Desjardins upped their target price on EQB from C$110.00 to C$125.00 and gave the company a “buy” rating in a research report on Monday, February 9th. TD Securities lowered their price target on EQB from C$138.00 to C$132.00 in a research report on Thursday, February 26th. National Bank Financial boosted their price target on EQB from C$111.00 to C$120.00 and gave the company a “sector perform” rating in a research note on Thursday, February 26th. BMO Capital Markets raised EQB from a “hold” rating to an “outperform” rating and increased their price objective for the company from C$108.00 to C$130.00 in a report on Tuesday, January 20th. Finally, Jefferies Financial Group raised their price objective on EQB from C$97.00 to C$109.00 in a research note on Wednesday, February 11th. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$117.44.

EQB Trading Up 0.9%

TSE:EQB opened at C$119.03 on Monday. The company has a market capitalization of C$4.44 billion, a P/E ratio of 17.90, a PEG ratio of 0.34 and a beta of 0.78. EQB has a 12 month low of C$83.93 and a 12 month high of C$126.51. The firm has a fifty day simple moving average of C$110.53 and a 200-day simple moving average of C$98.79.

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 dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.0%. This is a boost from EQB’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Friday, March 13th. EQB’s dividend payout ratio is 31.28%.

EQB Company Profile

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.