Scotiabank Has Negative Estimate for EQB FY2026 Earnings

EQB Inc. (TSE:EQB) – Equities research analysts at Scotiabank lowered their FY2026 earnings estimates for shares of EQB in a research report issued to clients and investors on Wednesday, May 20th. Scotiabank analyst M. Saric now anticipates that the company will post earnings of $9.32 per share for the year, down from their prior forecast of $9.42. 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 $12.18 EPS.

Several other research analysts have also recently weighed in on the stock. Desjardins boosted their price objective on shares of EQB from C$130.00 to C$132.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. National Bank Financial set a C$120.00 target price on shares of EQB and gave the company a “sector perform” rating in a research note on Friday, May 15th. Jefferies Financial Group increased their price target on EQB from C$110.00 to C$112.00 in a report on Wednesday. Finally, TD Securities dropped their price target on EQB from C$138.00 to C$132.00 in a research note on Thursday, February 26th. Four research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of C$118.56.

EQB Stock Performance

TSE EQB opened at C$117.00 on Friday. EQB has a one year low of C$83.93 and a one year high of C$126.51. The stock has a 50-day moving average of C$114.92 and a 200 day moving average of C$107.12. The company has a market capitalization of C$4.28 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 0.34 and a beta of 0.74.

EQB Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.0%. This is a positive change from EQB’s previous quarterly dividend of $0.57. The ex-dividend date was Friday, March 13th. EQB’s dividend payout ratio (DPR) is presently 36.06%.

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. 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.