Scotiabank Has Positive Forecast for EQB FY2027 Earnings

EQB Inc. (TSE:EQB) – Stock analysts at Scotiabank lifted their FY2027 earnings per share estimates for EQB in a research note issued to investors on Thursday, March 5th. Scotiabank analyst M. Saric now expects that the company will earn $12.20 per share for the year, up from their prior forecast of $11.17. The consensus estimate for EQB’s current full-year earnings is $12.60 per share.

Several other equities research analysts have also commented on EQB. Desjardins upped their price objective on EQB from C$110.00 to C$125.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. National Bank Financial lifted their target price on shares of EQB from C$111.00 to C$120.00 and gave the company a “sector perform” rating in a report on Thursday, February 26th. Raymond James Financial decreased their target price on shares of EQB from C$93.00 to C$91.00 in a research note on Friday, December 5th. TD Securities lowered their price target on shares of EQB from C$138.00 to C$132.00 in a report on Thursday, February 26th. Finally, BMO Capital Markets upgraded shares of EQB from a “hold” rating to an “outperform” rating and raised their price target for the company from C$108.00 to C$130.00 in a research report on Tuesday, January 20th. Four research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$117.44.

EQB Trading Up 0.9%

Shares of EQB stock opened at C$119.03 on Monday. The stock has a 50 day moving average of C$110.53 and a 200 day moving average of C$98.79. The stock has a market cap of C$4.44 billion, a P/E ratio of 17.90, a P/E/G ratio of 0.34 and a beta of 0.78. EQB has a twelve month low of C$83.93 and a twelve month high of C$126.51.

EQB Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st will be issued a $0.59 dividend. The ex-dividend date of this dividend is Friday, March 13th. This is an increase from EQB’s previous quarterly dividend of $0.57. This represents a $2.36 annualized dividend and a yield of 2.0%. EQB’s dividend payout ratio is 31.28%.

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. At Equitable Bank we are as invested in our employees as we are in our business. Thats why we are consistently recognized as one of Canadas Top Employers a rating that comes from our 1300+ employees.