Laurentian Bank of Canada (LB) Forecasted to Earn FY2018 Earnings of $5.95 Per Share

Laurentian Bank of Canada (TSE:LB) – Research analysts at Desjardins lowered their FY2018 EPS estimates for Laurentian Bank of Canada in a report released on Friday. Desjardins analyst D. Young now expects that the company will post earnings of $5.95 per share for the year, down from their previous estimate of $6.01. Desjardins also issued estimates for Laurentian Bank of Canada’s FY2019 earnings at $6.35 EPS.

A number of other analysts have also recently weighed in on LB. Barclays dropped their price target on Laurentian Bank of Canada from C$59.00 to C$57.00 in a research report on Friday. CSFB dropped their price target on Laurentian Bank of Canada from C$57.00 to C$55.00 in a research report on Friday, January 19th. National Bank Financial reiterated a “sector perform market weight” rating on shares of Laurentian Bank of Canada in a research report on Tuesday, January 16th. Scotiabank dropped their price target on Laurentian Bank of Canada from C$64.00 to C$59.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 17th. Finally, CIBC dropped their price target on Laurentian Bank of Canada from C$66.00 to C$60.00 in a research report on Monday, December 11th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of C$58.90.

Laurentian Bank of Canada (TSE LB) traded down C$0.04 during trading hours on Monday, reaching C$51.83. The company’s stock had a trading volume of 45,617 shares, compared to its average volume of 302,499. Laurentian Bank of Canada has a 52 week low of C$51.26 and a 52 week high of C$62.90. The company has a market cap of $2,160.00, a P/E ratio of 9.62 and a beta of 0.42.

Laurentian Bank of Canada (TSE:LB) last released its earnings results on Tuesday, December 5th. The company reported C$1.63 EPS for the quarter, topping analysts’ consensus estimates of C$1.54 by C$0.09. Laurentian Bank of Canada had a return on equity of 11.79% and a net margin of 21.88%. The company had revenue of C$267.97 million for the quarter, compared to the consensus estimate of C$257.83 million.

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Tuesday, January 2nd were given a $0.63 dividend. This is a boost from Laurentian Bank of Canada’s previous quarterly dividend of $0.62. This represents a $2.52 annualized dividend and a yield of 4.86%. The ex-dividend date was Friday, December 29th. Laurentian Bank of Canada’s dividend payout ratio (DPR) is currently 45.64%.

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About Laurentian Bank of Canada

Laurentian Bank of Canada is a Canada-based Chartered bank. The Bank and its subsidiaries provide banking services to individuals, and small and medium-sized enterprises, as well as to independent advisors across Canada. It also operates as a full-service brokerage firm. The Bank’s loan portfolio consists of personal loans, residential mortgage loans, commercial mortgage loans and commercial loans, including acceptances and finance lease receivables.

Earnings History and Estimates for Laurentian Bank of Canada (TSE:LB)

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