Published On: Wed, Sep 14th, 2016

FY2016 EPS Estimates for Equitable Group Inc. Boosted by Analyst (EQB)

Equitable Group Inc. (TSE:EQB) – Investment analysts at National Bank Financial lifted their FY2016 earnings per share (EPS) estimates for shares of Equitable Group in a report issued on Monday. National Bank Financial analyst J. Gloyn now expects that the brokerage will earn $8.07 per share for the year, up from their prior forecast of $7.99. National Bank Financial currently has a “Outperform” rating and a $74.00 target price on the stock. National Bank Financial also issued estimates for Equitable Group’s Q4 2016 earnings at $2.22 EPS and FY2017 earnings at $9.14 EPS.
Other research analysts also recently issued reports about the company. Scotiabank lifted their target price on Equitable Group from C$68.00 to C$69.00 and gave the stock a “sector perform” rating in a research note on Monday, August 15th. TD Securities lifted their target price on Equitable Group from C$72.00 to C$74.00 and gave the stock a “buy” rating in a research note on Tuesday.
Equitable Group (TSE:EQB) traded down 0.25% on Wednesday, reaching $60.05. The company’s stock had a trading volume of 8,424 shares. Equitable Group has a 12 month low of $44.73 and a 12 month high of $63.05. The company has a market cap of $934.74 million and a P/E ratio of 7.88. The company has a 50-day moving average price of $58.50 and a 200 day moving average price of $56.46.

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The company also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Monday, October 3rd will be paid a $0.21 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $0.84 annualized dividend and a yield of 1.40%.
About Equitable Group
Equitable Group Inc is a financial services company that operates through its subsidiary, Equitable Bank (the Bank). The Bank provides mortgage loans to a range of customers that include business-for-self borrowers, newcomers to Canada and commercial real estate investors. It also provides savers with various saving options that offer security and competitive interest rates, including guaranteed investment certificates (GICs), high interest savings accounts (HISAs) and deposit notes.

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