Equitable Group Inc. (TSE:EQB) Expected to Post Q2 2017 Earnings of $2.11 Per Share
Equitable Group Inc. (TSE:EQB) – Equities research analysts at National Bank Financial increased their Q2 2017 earnings estimates for shares of Equitable Group in a report released on Monday. National Bank Financial analyst J. Gloyn now forecasts that the company will post earnings of $2.11 per share for the quarter, up from their prior estimate of $2.05. National Bank Financial currently has a “Sector Perform” rating and a $65.00 target price on the stock. National Bank Financial also issued estimates for Equitable Group’s FY2018 earnings at $8.21 EPS.
A number of other brokerages have also commented on EQB. Scotiabank dropped their price objective on shares of Equitable Group from C$71.00 to C$61.00 and set a “sector perform” rating on the stock in a report on Tuesday, May 2nd. TD Securities restated a “buy” rating and set a C$68.00 price objective on shares of Equitable Group in a report on Wednesday, May 3rd. Finally, Royal Bank Of Canada dropped their price objective on shares of Equitable Group from C$70.00 to C$53.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 3rd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Equitable Group has a consensus rating of “Hold” and an average target price of C$61.75.
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Equitable Group (EQB) opened at 56.51 on Thursday. The firm has a 50-day moving average price of $56.68 and a 200 day moving average price of $59.61. Equitable Group has a 52-week low of $36.15 and a 52-week high of $74.66. The stock has a market capitalization of $931.12 million and a price-to-earnings ratio of 6.06.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 6th. Investors of record on Thursday, July 6th were issued a dividend of $0.23 per share. The ex-dividend date was Tuesday, June 13th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.63%.
About Equitable Group
Equitable Group Inc is a financial services business that operates through its wholly owned subsidiary, Equitable Bank (the Bank). Equitable Bank serves retail and commercial customers across Canada with a range of savings solutions and mortgage lending products, offered under the Equitable Bank and EQ Bank brands.
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