Raymond James Analysts Decrease Earnings Estimates for EQB Inc. (TSE:EQB)

EQB Inc. (TSE:EQBFree Report) – Equities research analysts at Raymond James dropped their FY2024 EPS estimates for shares of EQB in a note issued to investors on Tuesday, May 28th. Raymond James analyst S. Boland now forecasts that the company will post earnings of $11.33 per share for the year, down from their previous estimate of $11.65. The consensus estimate for EQB’s current full-year earnings is $11.58 per share.

A number of other research analysts have also recently issued reports on EQB. Veritas Investment Research reiterated a “reduce” rating on shares of EQB in a research report on Friday, March 1st. National Bankshares cut shares of EQB from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from C$98.00 to C$95.00 in a research report on Thursday, February 29th. Scotiabank raised their target price on shares of EQB from C$99.00 to C$111.00 and gave the company an “outperform” rating in a research report on Tuesday, February 20th. TD Securities lowered their price target on shares of EQB from C$105.00 to C$98.00 and set a “buy” rating for the company in a report on Monday. Finally, National Bank Financial cut EQB from an “outperform market weight” rating to a “sector perform market weight” rating in a research note on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$102.00.

Get Our Latest Analysis on EQB

EQB Stock Performance

EQB stock opened at C$89.49 on Thursday. EQB has a 52 week low of C$65.18 and a 52 week high of C$97.64. The stock has a market capitalization of C$3.42 billion, a P/E ratio of 9.61, a price-to-earnings-growth ratio of 0.34 and a beta of 1.63. The stock has a fifty day moving average of C$85.16 and a 200-day moving average of C$85.43.

EQB (TSE:EQBGet Free Report) last announced its quarterly earnings data on Wednesday, March 27th. The company reported C$2.70 EPS for the quarter. EQB had a net margin of 39.67% and a return on equity of 14.70%. The business had revenue of C$298.77 million during the quarter.

About EQB

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

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Earnings History and Estimates for EQB (TSE:EQB)

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