National Bank Financial Brokers Raise Earnings Estimates for Equitable Group Inc. (EQB)

Equitable Group Inc. (TSE:EQB) – National Bank Financial increased their FY2017 earnings per share (EPS) estimates for Equitable Group in a report released on Wednesday. National Bank Financial analyst J. Gloyn now anticipates that the company will post earnings of $9.30 per share for the year, up from their previous forecast of $9.12. National Bank Financial currently has a “Sector Perform” rating and a $70.00 price target on the stock. National Bank Financial also issued estimates for Equitable Group’s Q4 2017 earnings at $2.27 EPS, FY2018 earnings at $9.13 EPS and FY2019 earnings at $9.75 EPS.

Several other research analysts have also recently weighed in on EQB. TD Securities boosted their price objective on shares of Equitable Group from C$71.00 to C$74.00 in a research report on Monday, November 13th. CIBC upped their target price on shares of Equitable Group from C$75.00 to C$81.00 in a research report on Monday, November 13th. Laurentian dropped their target price on shares of Equitable Group from C$74.00 to C$72.00 in a research report on Monday, November 13th. Scotiabank upped their target price on shares of Equitable Group from C$64.00 to C$68.00 and gave the company a “sector perform” rating in a research report on Monday, November 13th. Finally, Laurentian Bank of Canada dropped their target price on shares of Equitable Group from C$74.00 to C$72.00 in a research report on Monday, November 13th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Equitable Group has a consensus rating of “Hold” and an average target price of C$72.14.

Equitable Group (EQB) opened at C$69.09 on Friday. Equitable Group has a 1 year low of C$36.15 and a 1 year high of C$74.66. The firm has a market cap of $1,140.00, a P/E ratio of 7.20 and a beta of 1.05.

Equitable Group (TSE:EQB) last posted its quarterly earnings data on Thursday, November 9th. The company reported C$2.21 earnings per share for the quarter, topping the consensus estimate of C$1.97 by C$0.24. Equitable Group had a net margin of 45.00% and a return on equity of 14.61%.

In other Equitable Group news, insider Isabelle Farella sold 487 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of C$63.09, for a total transaction of C$30,724.83. Also, Director Daniel Lee Dickinson sold 600 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of C$68.91, for a total transaction of C$41,346.00. Insiders have sold a total of 6,792 shares of company stock valued at $472,341 in the last quarter.

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 4th. Shareholders of record on Friday, December 15th were given a dividend of $0.25 per share. This is a boost from Equitable Group’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.45%. Equitable Group’s payout ratio is presently 9.59%.

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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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