Cormark Has Pessimistic Outlook of EQB FY2025 Earnings

EQB Inc. (TSE:EQB) – Cormark lowered their FY2025 earnings per share estimates for shares of EQB in a research report issued on Tuesday, May 20th. Cormark analyst L. Persaud now forecasts that the company will post earnings per share of $11.83 for the year, down from their previous estimate of $11.97. The consensus estimate for EQB’s current full-year earnings is $12.60 per share. Cormark also issued estimates for EQB’s FY2026 earnings at $13.74 EPS.

Several other analysts have also weighed in on the stock. CIBC lowered their price objective on shares of EQB from C$130.00 to C$126.00 in a research note on Thursday. Desjardins reduced their price target on shares of EQB from C$130.00 to C$126.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Scotiabank decreased their price target on shares of EQB from C$130.00 to C$119.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. National Bankshares dropped their price objective on shares of EQB from C$117.00 to C$111.00 and set a “sector perform” rating on the stock in a report on Thursday. Finally, Jefferies Financial Group cut their price objective on shares of EQB from C$126.00 to C$107.00 in a research report on Monday, April 21st. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$119.60.

EQB Stock Performance

Shares of EQB opened at C$95.12 on Friday. The firm has a market cap of C$3.68 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59. EQB has a 52-week low of C$78.24 and a 52-week high of C$114.22. The business’s 50 day moving average price is C$94.32 and its two-hundred day moving average price is C$100.94.

EQB Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.14%. This is a positive change from EQB’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Friday, March 14th. EQB’s payout ratio is presently 29.31%.

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.