Equitable Group Inc. (EQB) Set to Announce Earnings on Thursday

Equitable Group Inc. (TSE:EQB) is set to announce its earnings results after the market closes on Thursday, February 16th. Analysts expect the company to announce earnings of $2.20 per share for the quarter.

Equitable Group Inc. (TSE:EQB) opened at 60.78 on Wednesday. Equitable Group Inc. has a 52-week low of $46.24 and a 52-week high of $63.69. The company has a market cap of $948.47 million and a P/E ratio of 7.73. The stock’s 50 day moving average price is $60.57 and its 200 day moving average price is $58.13.

Several brokerages have commented on EQB. TD Securities reissued a “buy” rating and issued a C$71.00 price objective on shares of Equitable Group in a report on Thursday, January 5th. Scotiabank dropped their price objective on Equitable Group from C$69.00 to C$66.00 and set a “sector perform” rating on the stock in a report on Wednesday, December 14th. Royal Bank Of Canada reissued a “sector perform” rating and issued a C$61.00 price objective on shares of Equitable Group in a report on Tuesday, December 13th. Finally, Cormark raised Equitable Group from a “market perform” rating to a “buy” rating in a report on Tuesday, October 18th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of C$66.60.

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In related news, Director Rajesh Raut sold 500 shares of the business’s stock in a transaction on Wednesday, December 7th. The stock was sold at an average price of C$60.63, for a total transaction of C$30,315.00.

Equitable Group Company Profile

Equitable Group Inc is a financial services company that operates through its subsidiary, Equitable Bank (the Bank). The Bank provides mortgage loans to a range of customers that include business-for-self borrowers, newcomers to Canada and commercial real estate investors. It also provides savers with various saving options that offer security and competitive interest rates, including guaranteed investment certificates (GICs), high interest savings accounts (HISAs) and deposit notes.

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