National Bank Financial Equities Analysts Raise Earnings Estimates for Equitable Group Inc. (TSE:EQB)

Equitable Group Inc. (TSE:EQB) – Investment analysts at National Bank Financial upped their FY2021 earnings per share (EPS) estimates for Equitable Group in a report issued on Wednesday, November 6th. National Bank Financial analyst J. Gloyn now anticipates that the company will earn $14.47 per share for the year, up from their prior forecast of $14.37. National Bank Financial has a “Sector Perform” rating and a $129.00 price target on the stock.

EQB has been the topic of a number of other research reports. TD Securities raised their price target on shares of Equitable Group from C$125.00 to C$130.00 and gave the company a “buy” rating in a report on Wednesday. BMO Capital Markets increased their price objective on shares of Equitable Group from C$125.00 to C$130.00 in a research note on Wednesday. Royal Bank of Canada increased their price objective on shares of Equitable Group from C$120.00 to C$137.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, CIBC increased their price objective on shares of Equitable Group from C$94.00 to C$97.00 in a research note on Tuesday, July 30th.

Shares of TSE EQB traded down C$0.40 during trading on Friday, reaching C$113.31. 42,541 shares of the company traded hands, compared to its average volume of 37,430. The firm has a 50 day simple moving average of C$108.44 and a 200-day simple moving average of C$87.43. The stock has a market capitalization of $1.92 billion and a PE ratio of 10.58. Equitable Group has a 52-week low of C$57.85 and a 52-week high of C$121.87.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Thursday, December 12th. This is a boost from Equitable Group’s previous quarterly dividend of $0.33. Equitable Group’s dividend payout ratio is 10.83%.

In other Equitable Group news, Director Timothy Paul Charron sold 250 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of C$104.04, for a total transaction of C$26,010.00. Following the sale, the director now owns 441 shares in the company, valued at approximately C$45,881.64. Also, Director Kimberly Kukulowicz sold 3,174 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of C$100.18, for a total transaction of C$317,971.32. Following the sale, the director now owns 1,063 shares in the company, valued at approximately C$106,491.34. Insiders sold a total of 9,424 shares of company stock worth $946,311 in the last quarter.

Equitable Group Company Profile

Equitable Group Inc, through its subsidiary, Equitable Bank, provides various financial services to retail and commercial customers in Canada. The company accepts term deposits and guaranteed investment certificates (GICs), high interest savings accounts (HISAs), tax-free savings accounts, and institutional deposit notes.

See Also: Cost of equity and a company’s balance sheet

Earnings History and Estimates for Equitable Group (TSE:EQB)

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