Research Analysts Issue Forecasts for National Bank of Canada’s Q1 2018 Earnings (NA)

Research Analysts Issue Forecasts for National Bank of Canada’s Q1 2018 Earnings (NA)

National Bank of Canada (TSE:NA) – Analysts at Desjardins issued their Q1 2018 earnings per share estimates for shares of National Bank of Canada in a report released on Friday. Desjardins analyst D. Young anticipates that the financial services provider will earn $1.41 per share for the quarter. Desjardins also issued estimates for National Bank of Canada’s FY2018 earnings at $5.78 EPS and FY2019 earnings at $6.21 EPS.

Several other brokerages have also weighed in on NA. CSFB lifted their price objective on National Bank of Canada from C$61.00 to C$64.00 in a report on Friday, January 19th. BMO Capital Markets restated a “market perform” rating and set a C$66.00 target price on shares of National Bank of Canada in a research report on Tuesday, December 12th. Barclays downgraded National Bank of Canada from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, December 19th. Scotiabank raised their target price on National Bank of Canada from C$68.00 to C$69.00 and gave the stock a “sector perform” rating in a research report on Monday, December 4th. Finally, Royal Bank of Canada raised their target price on National Bank of Canada from C$65.00 to C$70.00 and gave the stock an “outperform” rating in a research report on Monday, December 4th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of C$65.55.

Shares of National Bank of Canada (TSE:NA) opened at C$61.88 on Monday. National Bank of Canada has a fifty-two week low of C$51.41 and a fifty-two week high of C$65.68. The firm has a market capitalization of $21,150.00, a P/E ratio of 11.50 and a beta of 0.88.

National Bank of Canada (TSE:NA) last announced its quarterly earnings data on Friday, December 1st. The financial services provider reported C$1.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$1.38 by C$0.02. National Bank of Canada had a return on equity of 18.09% and a net margin of 30.81%. The company had revenue of C$1.70 billion for the quarter, compared to analyst estimates of C$1.69 billion.

In other National Bank of Canada news, insider Dominique Fagnoule sold 14,200 shares of National Bank of Canada stock in a transaction on Friday, December 8th. The stock was sold at an average price of C$64.20, for a total value of C$911,640.00. Also, Director Louis Vachon sold 73,232 shares of National Bank of Canada stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of C$63.43, for a total value of C$4,645,105.76. Insiders have sold a total of 239,772 shares of company stock valued at $15,288,811 in the last 90 days.

The business also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, December 27th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.88%. The ex-dividend date was Friday, December 22nd. This is an increase from National Bank of Canada’s previous quarterly dividend of $0.58. National Bank of Canada’s dividend payout ratio (DPR) is 42.38%.

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About National Bank of Canada

National Bank of Canada (the Bank) is an integrated group, which provides financial services to consumers, small- and medium-sized enterprises (SMEs) and large corporations in its domestic market and also offers specialized services internationally. The Bank’s segments are Personal and Commercial, which includes the banking, financing and investing services offered to individuals and businesses, as well as insurance operations; Wealth Management, which consists of investment solutions, trust services, banking services, lending services and other wealth management solutions offered through internal and third-party distribution networks; Financial Markets, which includes banking services, investment banking services and financial solutions for institutional clients, and Other, which includes treasury operations, including the Bank’s asset and liability management, liquidity management and funding operations; certain non-recurring items, and the unallocated portion of corporate units.

Earnings History and Estimates for National Bank of Canada (TSE:NA)

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National Bank of Canada (TSE:NA) – Investment analysts at Desjardins issued their Q1 2018 earnings per share (EPS) estimates for National Bank of Canada in a research note issued on Friday. Desjardins analyst D. Young anticipates that the financial services provider will post earnings of $1.41 per share for the quarter. Desjardins also issued estimates for National Bank of Canada’s FY2018 earnings at $5.78 EPS and FY2019 earnings at $6.21 EPS.

A number of other analysts have also recently issued reports on NA. Canaccord Genuity boosted their target price on National Bank of Canada from C$62.00 to C$66.00 in a report on Wednesday, November 1st. CIBC upped their price target on National Bank of Canada from C$62.00 to C$68.00 in a report on Monday, November 13th. BMO Capital Markets upped their price target on National Bank of Canada from C$61.00 to C$66.00 and gave the stock a “market perform” rating in a report on Monday, December 4th. CSFB upped their price target on National Bank of Canada from C$59.00 to C$61.00 in a report on Monday, December 4th. Finally, Eight Capital cut National Bank of Canada from a “buy” rating to a “neutral” rating and upped their price target for the stock from C$66.00 to C$67.00 in a report on Monday, December 4th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of C$65.55.

Shares of National Bank of Canada (NA) opened at C$61.88 on Monday. National Bank of Canada has a fifty-two week low of C$51.41 and a fifty-two week high of C$65.68. The stock has a market capitalization of $21,150.00, a PE ratio of 11.50 and a beta of 0.88.

National Bank of Canada (TSE:NA) last issued its earnings results on Friday, December 1st. The financial services provider reported C$1.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$1.38 by C$0.02. National Bank of Canada had a return on equity of 18.09% and a net margin of 30.81%. The business had revenue of C$1.70 billion during the quarter, compared to analysts’ expectations of C$1.69 billion.

In other National Bank of Canada news, insider Lisa Swiderski sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of C$64.14, for a total value of C$256,560.00. Also, insider Ricardo Pascoe sold 48,340 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of C$63.25, for a total value of C$3,057,505.00. In the last 90 days, insiders sold 239,772 shares of company stock valued at $15,288,811.

The business also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Wednesday, December 27th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date was Friday, December 22nd. This is a boost from National Bank of Canada’s previous quarterly dividend of $0.58. National Bank of Canada’s dividend payout ratio is currently 42.38%.

COPYRIGHT VIOLATION NOTICE: “Research Analysts Issue Forecasts for National Bank of Canada’s Q1 2018 Earnings (NA)” was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of US & international trademark & copyright laws. The original version of this piece of content can be read at https://www.dispatchtribunal.com/2018/02/19/research-analysts-issue-forecasts-for-national-bank-of-canadas-q1-2018-earnings-na.html.

About National Bank of Canada

National Bank of Canada (the Bank) is an integrated group, which provides financial services to consumers, small- and medium-sized enterprises (SMEs) and large corporations in its domestic market and also offers specialized services internationally. The Bank’s segments are Personal and Commercial, which includes the banking, financing and investing services offered to individuals and businesses, as well as insurance operations; Wealth Management, which consists of investment solutions, trust services, banking services, lending services and other wealth management solutions offered through internal and third-party distribution networks; Financial Markets, which includes banking services, investment banking services and financial solutions for institutional clients, and Other, which includes treasury operations, including the Bank’s asset and liability management, liquidity management and funding operations; certain non-recurring items, and the unallocated portion of corporate units.

Earnings History and Estimates for National Bank of Canada (TSE:NA)

Receive News & Ratings for National Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Bank of Canada and related companies with MarketBeat.com's FREE daily email newsletter.

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