Equitable Group Inc. (TSE:EQB – Get Rating) – Investment analysts at Raymond James lifted their Q2 2022 earnings estimates for shares of Equitable Group in a report issued on Wednesday, May 11th. Raymond James analyst S. Boland now expects that the company will post earnings per share of $2.29 for the quarter, up from their prior forecast of $2.28. Raymond James has a “Outperform” rating and a $86.50 price objective on the stock. Raymond James also issued estimates for Equitable Group’s Q4 2022 earnings at $2.18 EPS, FY2022 earnings at $9.25 EPS, Q2 2023 earnings at $2.43 EPS, Q3 2023 earnings at $2.49 EPS, Q4 2023 earnings at $2.42 EPS and FY2023 earnings at $9.50 EPS.
A number of other brokerages have also recently commented on EQB. Royal Bank of Canada dropped their price target on Equitable Group from C$85.00 to C$80.00 and set an “outperform” rating on the stock in a research report on Thursday. Scotiabank dropped their price objective on Equitable Group from C$94.00 to C$79.00 in a report on Monday, May 9th. National Bankshares increased their price objective on Equitable Group from C$85.00 to C$86.00 and gave the stock an “outperform” rating in a report on Thursday. TD Securities dropped their price objective on Equitable Group from C$85.00 to C$80.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Cormark dropped their price objective on Equitable Group from C$105.00 to C$88.00 and set a “buy” rating on the stock in a report on Thursday, April 28th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Equitable Group has an average rating of “Buy” and a consensus price target of C$73.21.
Shares of TSE:EQB opened at C$58.87 on Monday. Equitable Group has a 1 year low of C$51.73 and a 1 year high of C$84.78. The business has a fifty day moving average price of C$65.98 and a two-hundred day moving average price of C$71.40. The company has a market capitalization of C$2.01 billion and a PE ratio of 7.04.
In other news, Director Ronald Walter Tratch sold 6,310 shares of the stock in a transaction dated Tuesday, February 22nd. The stock was sold at an average price of C$77.00, for a total transaction of C$485,870.00. Following the transaction, the director now directly owns 3,023 shares in the company, valued at approximately C$232,771. Also, Senior Officer Andrew Moor sold 1,300 shares of the stock in a transaction dated Friday, February 25th. The shares were sold at an average price of C$77.51, for a total value of C$100,763.00. Following the transaction, the insider now owns 78,329 shares in the company, valued at C$6,071,280.79. In the last ninety days, insiders sold 10,790 shares of company stock worth $834,037.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.97%. This is a boost from Equitable Group’s previous quarterly dividend of $0.28. Equitable Group’s dividend payout ratio (DPR) is presently 9.99%.
Equitable Group Company Profile (Get Rating)
Equitable Group 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, tax-free savings accounts, and institutional deposit notes, as well as specialized financing solutions.
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