National Bank Financial Weighs in on Equitable Group Inc.’s FY2020 Earnings (EQB)

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Equitable Group Inc. (TSE:EQB) – Investment analysts at National Bank Financial issued their FY2020 EPS estimates for Equitable Group in a research report issued on Monday, October 29th. National Bank Financial analyst J. Gloyn forecasts that the company will post earnings of $10.50 per share for the year. National Bank Financial has a “Sector Perform” rating and a $68.00 price objective on the stock.

Equitable Group (TSE:EQB) last released its quarterly earnings results on Thursday, August 9th. The company reported C$2.45 EPS for the quarter, beating analysts’ consensus estimates of C$2.24 by C$0.21. The business had revenue of C$214.96 million during the quarter, compared to analyst estimates of C$84.60 million. Equitable Group had a return on equity of 15.06% and a net margin of 45.86%.

Other research analysts have also issued research reports about the company. BMO Capital Markets upped their price target on Equitable Group from C$65.00 to C$80.00 and gave the company an “outperform” rating in a research report on Monday, August 13th. Royal Bank of Canada upped their price target on Equitable Group from C$66.00 to C$74.00 and gave the company a “sector perform” rating in a research report on Friday, August 10th. Finally, TD Securities upped their price target on Equitable Group from C$75.00 to C$77.00 and gave the company a “buy” rating in a research report on Monday, August 13th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Equitable Group presently has an average rating of “Hold” and an average price target of C$73.88.

EQB opened at C$60.50 on Wednesday. Equitable Group has a one year low of C$52.01 and a one year high of C$72.98.

In other news, insider Timothy James Wilson sold 3,000 shares of the stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of C$70.85, for a total value of C$212,550.00. Also, Director Ronald Walter Tratch sold 2,500 shares of the stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of C$71.00, for a total value of C$177,500.00. Insiders have sold a total of 24,659 shares of company stock valued at $1,631,358 in the last ninety days.

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 4th. Shareholders of record on Friday, September 14th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend was Thursday, September 13th.

About Equitable Group

Equitable Group Inc, through its subsidiary, Equitable Bank, provides various financial services to retail and commercial customers in Canada. Its deposit products include guaranteed investment certificates (GICs), high interest savings accounts (HISAs), and deposit notes. The company also provides single family lending services, such as loans secured by owner-occupied and investment properties comprising detached and semi-detached houses, townhouses, and condos through a range of products, such as mortgages, home equity lines of credit, and equity release mortgages; and commercial lending products that include mortgages on commercial properties comprising mixed-use, multi-unit residential, shopping plaza, professional office, and industrial properties.

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Earnings History and Estimates for Equitable Group (TSE:EQB)

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