Equitable Group Inc. (TSE:EQB) – Investment analysts at National Bank Financial increased their FY2020 earnings per share (EPS) estimates for Equitable Group in a report released on Monday, May 13th. National Bank Financial analyst J. Gloyn now anticipates that the company will earn $12.95 per share for the year, up from their previous forecast of $11.93. National Bank Financial currently has a “Sector Perform” rating and a $83.00 target price on the stock.
Equitable Group (TSE:EQB) last issued its earnings results on Thursday, February 28th. The company reported C$2.66 EPS for the quarter, missing analysts’ consensus estimates of C$2.71 by C($0.05). The company had revenue of C$94.12 million during the quarter, compared to analyst estimates of C$99.60 million.
Shares of Equitable Group stock opened at C$72.30 on Thursday. Equitable Group has a one year low of C$53.85 and a one year high of C$74.76. The stock has a market capitalization of $1.21 billion and a P/E ratio of 7.48.
In related news, Director Ronald Walter Tratch sold 1,905 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of C$66.50, for a total value of C$126,682.50. Following the transaction, the director now owns 1,103 shares in the company, valued at C$73,349.50. Also, Senior Officer Jody Lynn Sperling sold 880 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of C$70.21, for a total value of C$61,784.80. Following the completion of the transaction, the insider now owns 691 shares in the company, valued at approximately C$48,515.11. In the last quarter, insiders sold 6,077 shares of company stock worth $421,764.
Equitable Group Company Profile
Equitable Group Inc, through its subsidiary, Equitable Bank, provides various financial services to retail and commercial customers in Canada. The company accepts term deposits and guaranteed investment certificates (GICs), high interest savings accounts (HISAs), tax-free savings accounts, and institutional deposit notes.
Further Reading: Leveraged Buyout (LBO)
Receive News & Ratings for Equitable Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equitable Group and related companies with MarketBeat.com's FREE daily email newsletter.