Equitable Group Inc. Forecasted to Post FY2017 Earnings of $9.12 Per Share (EQB)
Equitable Group Inc. (TSE:EQB) – Equities research analysts at National Bank Financial upped their FY2017 earnings per share estimates for Equitable Group in a research note issued on Thursday. National Bank Financial analyst J. Gloyn now anticipates that the company will post earnings per share of $9.12 for the year, up from their previous forecast of $8.75. National Bank Financial has a “Sector Perform” rating and a $68.00 price objective on the stock. National Bank Financial also issued estimates for Equitable Group’s Q4 2017 earnings at $2.19 EPS and FY2018 earnings at $8.95 EPS.
Other equities analysts have also issued research reports about the stock. TD Securities boosted their price target on shares of Equitable Group from C$71.00 to C$74.00 in a report on Monday. Laurentian decreased their price target on shares of Equitable Group from C$74.00 to C$72.00 in a report on Monday. CIBC boosted their price target on shares of Equitable Group from C$75.00 to C$81.00 in a report on Monday. Laurentian Bank of Canada decreased their price target on shares of Equitable Group from C$74.00 to C$72.00 in a report on Monday. Finally, Scotiabank boosted their price target on shares of Equitable Group from C$64.00 to C$68.00 and gave the company a “sector perform” rating in a report on Monday. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of C$71.86.
Equitable Group (TSE EQB) opened at C$63.28 on Monday. Equitable Group has a fifty-two week low of C$36.15 and a fifty-two week high of C$74.66.
In related news, insider Timothy James Wilson sold 500 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of C$56.94, for a total value of C$28,470.00. Also, insider Andrew Moor sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of C$54.28, for a total transaction of C$271,400.00. Over the last ninety days, insiders sold 10,320 shares of company stock valued at $568,585.
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Friday, December 15th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This is a positive change from Equitable Group’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 1.58%. Equitable Group’s dividend payout ratio is presently 9.28%.
Equitable Group Company Profile
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.
Receive News & Ratings for Equitable Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equitable Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.