National Bank of Canada (OTCMKTS:NTIOF) – Research analysts at Desjardins lowered their FY2018 earnings per share estimates for shares of National Bank of Canada in a research note issued to investors on Tuesday, November 6th. Desjardins analyst D. Young now anticipates that the financial services provider will post earnings per share of $4.54 for the year, down from their previous estimate of $4.58. Desjardins also issued estimates for National Bank of Canada’s FY2019 earnings at $4.87 EPS.
Other research analysts also recently issued research reports about the company. Zacks Investment Research raised National Bank of Canada from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research note on Friday, October 5th. ValuEngine downgraded National Bank of Canada from a “hold” rating to a “sell” rating in a research note on Friday, October 12th.
NTIOF stock opened at $45.62 on Thursday. The stock has a market capitalization of $15.40 billion, a PE ratio of 10.94 and a beta of 1.32. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.80 and a quick ratio of 0.80. National Bank of Canada has a 12 month low of $44.70 and a 12 month high of $53.84.
National Bank of Canada (OTCMKTS:NTIOF) last posted its earnings results on Wednesday, August 29th. The financial services provider reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.02. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.37 billion. National Bank of Canada had a net margin of 20.48% and a return on equity of 18.60%.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 1st. Stockholders of record on Monday, September 24th were paid a $0.477 dividend. This represents a $1.91 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend was Friday, September 21st. National Bank of Canada’s dividend payout ratio is currently 45.56%.
About National Bank of Canada
National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International segments.
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