Equitable Group Inc. (TSE:EQB) – Research analysts at National Bank Financial upped their FY2017 earnings estimates for shares of Equitable Group in a report issued on Wednesday. National Bank Financial analyst J. Gloyn now anticipates that the company will post earnings per share of $9.30 for the year, up from their prior forecast of $9.12. National Bank Financial currently has a “Sector Perform” rating and a $70.00 target price on the stock. National Bank Financial also issued estimates for Equitable Group’s Q4 2017 earnings at $2.27 EPS, FY2018 earnings at $9.13 EPS and FY2019 earnings at $9.75 EPS.
Several other brokerages have also issued reports on EQB. Laurentian dropped their price objective on Equitable Group from C$74.00 to C$72.00 in a report on Monday, November 13th. Royal Bank of Canada raised their price objective on Equitable Group from C$61.00 to C$68.00 and gave the stock a “sector perform” rating in a report on Friday, November 10th. CIBC raised their price objective on Equitable Group from C$75.00 to C$81.00 in a report on Monday, November 13th. TD Securities raised their price objective on Equitable Group from C$71.00 to C$74.00 in a report on Monday, November 13th. Finally, Laurentian Bank of Canada dropped their price objective on Equitable Group from C$74.00 to C$72.00 in a report on Monday, November 13th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Equitable Group currently has a consensus rating of “Hold” and a consensus price target of C$72.14.
Equitable Group (EQB) opened at C$68.00 on Friday. The stock has a market capitalization of $1,120.00, a PE ratio of 7.09 and a beta of 0.89. Equitable Group has a twelve month low of C$36.15 and a twelve month high of C$74.66.
Equitable Group (TSE:EQB) last issued its quarterly earnings data on Thursday, November 9th. The company reported C$2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.97 by C$0.24. Equitable Group had a return on equity of 14.61% and a net margin of 45.00%.
The business also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Investors of record on Friday, December 15th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, December 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.47%. This is a positive change from Equitable Group’s previous quarterly dividend of $0.24. Equitable Group’s dividend payout ratio (DPR) is currently 9.59%.
In related news, Director Daniel Ruch sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of C$70.62, for a total transaction of C$282,480.00. Also, insider Isabelle Farella sold 487 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of C$63.09, for a total value of C$30,724.83. In the last three months, insiders have sold 6,792 shares of company stock worth $472,341.
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About Equitable Group
Equitable Group Inc is a financial services business that operates through its wholly owned subsidiary, Equitable Bank (the Bank). Equitable Bank serves retail and commercial customers across Canada with a range of savings solutions and mortgage lending products, offered under the Equitable Bank and EQ Bank brands.
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