National Bank of Canada (TSE:NA) – Equities research analysts at Cormark boosted their Q2 2018 earnings per share (EPS) estimates for National Bank of Canada in a report released on Thursday, according to Zacks Investment Research. Cormark analyst M. Grauman now expects that the financial services provider will post earnings per share of $1.42 for the quarter, up from their previous forecast of $1.40. Cormark also issued estimates for National Bank of Canada’s Q3 2018 earnings at $1.51 EPS, FY2018 earnings at $5.96 EPS, Q1 2019 earnings at $1.53 EPS, Q2 2019 earnings at $1.53 EPS, Q3 2019 earnings at $1.61 EPS, Q4 2019 earnings at $1.64 EPS and FY2019 earnings at $6.30 EPS.
National Bank of Canada (TSE:NA) last posted its earnings results on Wednesday, February 28th. The financial services provider reported C$1.48 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.41 by C$0.07. The business had revenue of C$1.81 billion for the quarter, compared to analyst estimates of C$1.72 billion. National Bank of Canada had a return on equity of 18.84% and a net margin of 30.45%.
A number of other research firms have also weighed in on NA. CSFB boosted their target price 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 issued a C$66.00 price target on shares of National Bank of Canada in a research note on Tuesday, December 12th. Barclays downgraded National Bank of Canada from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, December 19th. Scotiabank boosted their price target on National Bank of Canada from C$68.00 to C$69.00 and gave the company a “sector perform” rating in a research note on Monday, December 4th. Finally, Royal Bank of Canada boosted their price target on National Bank of Canada from C$65.00 to C$70.00 and gave the company an “outperform” rating in a research note on Monday, December 4th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of C$67.50.
National Bank of Canada (TSE:NA) traded down C$0.07 during mid-day trading on Friday, hitting C$63.64. The company had a trading volume of 125,722 shares, compared to its average volume of 987,197. The firm has a market cap of $21,740.00, a price-to-earnings ratio of 11.58 and a beta of 0.87. National Bank of Canada has a 1-year low of C$51.41 and a 1-year high of C$65.68.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Monday, March 26th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, March 23rd. This represents a $2.40 annualized dividend and a yield of 3.77%. National Bank of Canada’s dividend payout ratio (DPR) is presently 42.18%.
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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.
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