Q3 2017 Earnings Estimate for Equitable Group Inc. (EQB) Issued By National Bank Financial
Equitable Group Inc. (TSE:EQB) – Analysts at National Bank Financial raised their Q3 2017 earnings per share (EPS) estimates for shares of Equitable Group in a research note issued on Monday. National Bank Financial analyst J. Gloyn now expects that the company will post earnings per share of $1.89 for the quarter, up from their previous forecast of $1.88. National Bank Financial also issued estimates for Equitable Group’s Q4 2017 earnings at $2.05 EPS and FY2017 earnings at $8.75 EPS.
Several other equities analysts also recently commented on EQB. TD Securities decreased their price target on shares of Equitable Group from C$71.00 to C$68.00 in a research note on Monday, August 14th. CIBC set a C$75.00 price objective on shares of Equitable Group and gave the stock an “outperform” rating in a research report on Monday, September 25th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Equitable Group presently has a consensus rating of “Hold” and a consensus price target of C$64.40.
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Equitable Group (TSE EQB) opened at 57.90 on Thursday. Equitable Group has a 12-month low of $36.15 and a 12-month high of $74.66. The company has a market capitalization of $954.02 million and a P/E ratio of 6.06. The stock’s 50 day moving average is $56.03 and its 200-day moving average is $55.01.
In other news, insider Andrew Moor sold 5,000 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of C$54.28, for a total value of C$271,400.00. Also, Director Brian Leland sold 1,000 shares of the stock in a transaction dated Friday, September 29th. The stock was sold at an average price of C$56.10, for a total transaction of C$56,100.00. Insiders have sold 10,420 shares of company stock valued at $574,188 in the last ninety days.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 5th. Investors of record on Friday, September 15th were given a dividend of $0.24 per share. This is a boost from Equitable Group’s previous quarterly dividend of $0.23. The ex-dividend date was Thursday, September 14th. This represents a $0.96 annualized dividend and a yield of 1.66%.
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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