Q1 Earnings Forecast for EQB Issued By Desjardins

EQB Inc. (TSE:EQB) – Stock analysts at Desjardins issued their Q1 2025 earnings per share (EPS) estimates for shares of EQB in a note issued to investors on Monday, February 10th. Desjardins analyst D. Young forecasts that the company will earn $2.78 per share for the quarter. Desjardins currently has a “Moderate Buy” rating on the stock. The consensus estimate for EQB’s current full-year earnings is $12.60 per share. Desjardins also issued estimates for EQB’s Q2 2025 earnings at $2.76 EPS, Q3 2025 earnings at $3.25 EPS, Q4 2025 earnings at $3.26 EPS, FY2025 earnings at $12.05 EPS and FY2026 earnings at $13.75 EPS.

A number of other brokerages have also recently weighed in on EQB. TD Securities cut shares of EQB from a “buy” rating to a “hold” rating and dropped their price target for the company from C$126.00 to C$110.00 in a research report on Friday, December 6th. BMO Capital Markets lifted their target price on shares of EQB from C$106.00 to C$119.00 in a report on Monday, November 18th. Jefferies Financial Group set a C$129.00 target price on EQB and gave the company a “buy” rating in a research report on Thursday, January 30th. Scotiabank lowered their price target on EQB from C$135.00 to C$130.00 in a research report on Friday, December 6th. Finally, CIBC boosted their price objective on EQB from C$113.00 to C$130.00 in a report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$118.30.

EQB Trading Down 1.4 %

Shares of EQB opened at C$105.93 on Thursday. The company’s 50-day moving average price is C$104.53 and its 200 day moving average price is C$103.26. EQB has a 12-month low of C$78.24 and a 12-month high of C$114.22. The firm has a market cap of C$4.07 billion, a P/E ratio of 11.13, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59.

EQB Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were given a $0.49 dividend. The ex-dividend date of this dividend was Friday, December 13th. This is an increase from EQB’s previous quarterly dividend of $0.47. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.85%. EQB’s dividend payout ratio is currently 19.75%.

About EQB

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.