Scotiabank Has Negative Forecast for EQB FY2026 Earnings

EQB Inc. (TSE:EQB) – Stock analysts at Scotiabank reduced their FY2026 EPS estimates for EQB in a research report issued on Friday, June 5th. Scotiabank analyst M. Saric now anticipates that the company will post earnings of $9.07 per share for the year, down from their prior estimate of $9.32. Scotiabank currently has a “Sector Perform” rating and a $125.00 price target on the stock. The consensus estimate for EQB’s current full-year earnings is $12.60 per share. Scotiabank also issued estimates for EQB’s FY2027 earnings at $12.11 EPS.

EQB (TSE:EQB) last issued its earnings results on Wednesday, May 27th. The company reported C$2.03 EPS for the quarter. The firm had revenue of C$302.36 million during the quarter. EQB had a net margin of 6.61% and a return on equity of 6.16%.

A number of other equities analysts also recently commented on the stock. Raymond James Financial lowered their target price on shares of EQB from C$127.00 to C$123.00 and set a “market perform” rating for the company in a research note on Friday, May 29th. TD lowered their target price on shares of EQB from C$132.00 to C$123.00 and set a “buy” rating for the company in a research note on Thursday, May 28th. Desjardins boosted their price target on shares of EQB from C$130.00 to C$132.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. TD Securities reduced their price target on shares of EQB from C$138.00 to C$132.00 in a research report on Thursday, February 26th. Finally, National Bank Financial set a C$120.00 price target on shares of EQB and gave the company a “sector perform” rating in a research report on Friday, May 15th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$122.50.

EQB Trading Up 0.3%

Shares of EQB stock opened at C$119.19 on Tuesday. The firm has a fifty day moving average price of C$116.84 and a 200 day moving average price of C$109.62. The company has a market cap of C$4.22 billion, a P/E ratio of 23.42, a PEG ratio of 0.34 and a beta of 1.01. EQB has a 12 month low of C$83.93 and a 12 month high of C$126.51.

EQB Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th will be given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.0%. This is a boost from EQB’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Monday, June 15th. EQB’s dividend payout ratio is presently 44.01%.

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.