Equitable Group Inc. (EQB) Expected to Post Q2 2017 Earnings of $2.11 Per Share

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Equitable Group Inc. (TSE:EQB) – Analysts at National Bank Financial increased their Q2 2017 EPS estimates for shares of Equitable Group in a report issued on Monday. National Bank Financial analyst J. Gloyn now anticipates that the company will post earnings of $2.11 per share for the quarter, up from their previous estimate of $2.05. National Bank Financial has a “Sector Perform” rating and a $65.00 price objective on the stock. National Bank Financial also issued estimates for Equitable Group’s FY2018 earnings at $8.21 EPS.

EQB has been the subject of a number of other reports. Royal Bank Of Canada decreased their price objective on Equitable Group from C$70.00 to C$53.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 3rd. TD Securities decreased their price objective on Equitable Group from C$80.00 to C$68.00 and set a “buy” rating for the company in a research report on Thursday, April 27th. Finally, Scotiabank decreased their price objective on Equitable Group from C$71.00 to C$61.00 and set a “sector perform” rating for the company in a research report on Tuesday, May 2nd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Equitable Group has a consensus rating of “Hold” and an average price target of C$61.75.

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Equitable Group (TSE EQB) opened at 56.51 on Thursday. Equitable Group has a 1-year low of $36.15 and a 1-year high of $74.66. The company has a market capitalization of $931.12 million and a P/E ratio of 6.06. The firm has a 50-day moving average price of $56.68 and a 200 day moving average price of $59.61.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 6th. Shareholders of record on Thursday, July 6th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $0.92 dividend on an annualized basis and a yield of 1.63%.

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.