Bank of Montreal (TSE:BMO) (NYSE:BMO) – Equities research analysts at Desjardins issued their Q1 2018 earnings per share (EPS) estimates for Bank of Montreal in a research note issued to investors on Friday. Desjardins analyst D. Young expects that the bank will post earnings of $2.09 per share for the quarter. Desjardins also issued estimates for Bank of Montreal’s FY2018 earnings at $8.68 EPS and FY2019 earnings at $9.11 EPS.
Bank of Montreal (TSE:BMO) (NYSE:BMO) last posted its quarterly earnings data on Tuesday, December 5th. The bank reported C$1.94 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$1.99 by C($0.05). Bank of Montreal had a net margin of 21.70% and a return on equity of 12.00%. The company had revenue of C$5.66 billion for the quarter, compared to the consensus estimate of C$5.31 billion.
BMO has been the subject of a number of other research reports. Macquarie raised Bank of Montreal from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from C$105.00 to C$107.00 in a report on Thursday, February 15th. Royal Bank of Canada lifted their target price on Bank of Montreal from C$113.00 to C$115.00 in a report on Wednesday, February 14th. CSFB lifted their target price on Bank of Montreal from C$102.00 to C$103.00 in a report on Wednesday, December 6th. Canaccord Genuity lifted their target price on Bank of Montreal from C$103.00 to C$105.00 in a report on Wednesday, December 6th. Finally, National Bank Financial lifted their target price on Bank of Montreal from C$100.00 to C$103.00 and gave the stock a “sector perform” rating in a report on Wednesday, December 6th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of C$106.54.
Bank of Montreal (TSE BMO) opened at C$97.62 on Monday. Bank of Montreal has a 52-week low of C$88.63 and a 52-week high of C$105.55. The firm has a market capitalization of $63,280.00, a P/E ratio of 12.33 and a beta of 0.67.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Thursday, February 1st will be issued a $0.93 dividend. This is a positive change from Bank of Montreal’s previous quarterly dividend of $0.90. The ex-dividend date is Wednesday, January 31st. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.81%. Bank of Montreal’s dividend payout ratio (DPR) is presently 44.95%.
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About Bank of Montreal
Bank of Montreal (the Bank) is a financial services provider. The Bank provides a range of personal and commercial banking, wealth management and investment banking products and services. The Bank conducts its business through three operating groups: Personal and Commercial Banking (P&C), Wealth Management and BMO Capital Markets.
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