Equities analysts issue FY2024 earnings forecasts for EQB Inc. (TSE:EQB)

EQB Inc. (TSE:EQB – Free Report) – Investment analysts at National Bank Financial raised their FY2024 earnings per share estimates for shares of EQB in a note issued to investors on Wednesday, August 28th. National Bank financial analyst G. Dechaine now anticipates that the company will post earnings of $11.51 per share for the year, up from their prior estimate of $11.49. The consensus estimate for EQB’s current full-year earnings is $11.44 per share.

Several other equities research analysts have also commented on the company. Cormark reduced their price objective on EQB from $121.00 to $111.00 in a research report on Thursday. CIBC cut their price target on EQB from $110.00 to $105.00 and set an “outperform” rating for the company in a research note on Tuesday, August 20th. Royal Bank of Canada upped their target price on EQB from $107.00 to $109.00 and gave the stock an “outperform” rating in a research note on Thursday, May 30th. BMO Capital Markets boosted their target price on shares of EQB from $102.00 to $104.00 and gave the stock an “outperform” rating in a research report on Friday, May 31st. Finally, TD Securities upped their target price on shares of EQB from $102.00 to $112.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.78, according to MarketBeat.

Check out our latest analysis of EQB

EQB stock performance

Shares of EQB opened at $95.48 on Friday. EQB has a fifty-two week low of $66.41 and a fifty-two week high of $98.88. The company has a market cap of $3.65 billion, a P/E ratio of 10.26, a P/E/G ratio of 0.34 and a beta of 1.58. The company’s 50-day moving average is $95.07, and its two-hundred-day moving average is $89.43.

EQB (TSE:EQB – Get Your Free Report ) last released its quarterly earnings data on Wednesday, August 28th. The company reported $2.96 EPS for the quarter, topping the consensus estimate of $2.93 by $0.03. The business had revenue of $327.24 million for the quarter, compared to the consensus estimate of $325.00 million. EQB had a net margin of 39.67% and a return on equity of 14.70%.

EQB increases dividends

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 28th were paid a $0.45 dividend. The ex-dividend date was Friday, June 14. This represents an annualized dividend of $1.80 and a dividend yield of 1.89%. This is a positive change from EQB’s previous quarterly dividend of $0.42. EQB’s dividend payout ratio (DPR) is currently 19.33%.

About EQB

(Get a free report)

EQB Inc, through its subsidiary, Equitable Bank, provides personal and commercial banking services to retail and commercial customers in Canada. The company accepts time deposits and guaranteed investment certificates, high interest savings accounts, institutional deposit notes and covered bonds, as well as specialized financing solutions.

Further reading

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