National Bank of Canada (TSE:NA) – Stock analysts at Desjardins issued their Q2 2018 earnings estimates for shares of National Bank of Canada in a research note issued on Wednesday, according to Zacks Investment Research. Desjardins analyst D. Young anticipates that the financial services provider will earn $1.40 per share for the quarter. Desjardins also issued estimates for National Bank of Canada’s Q3 2018 earnings at $1.40 EPS, Q4 2018 earnings at $1.50 EPS, FY2018 earnings at $5.84 EPS and FY2019 earnings at $6.25 EPS.
A number of other analysts have also recently commented on the stock. CSFB boosted their target price on shares of National Bank of Canada from C$61.00 to C$64.00 in a research note on Friday, January 19th. BMO Capital Markets reissued a “market perform” rating and set a C$66.00 target price on shares of National Bank of Canada in a research note on Tuesday, December 12th. Barclays cut shares of National Bank of Canada from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, December 19th. Scotiabank boosted their target price on shares of National Bank of Canada from C$68.00 to C$69.00 and gave the stock a “sector perform” rating in a research note on Monday, December 4th. Finally, Royal Bank of Canada boosted their target price on shares of National Bank of Canada from C$65.00 to C$70.00 and gave the stock an “outperform” rating in a research note on Monday, December 4th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. National Bank of Canada presently has a consensus rating of “Hold” and an average price target of C$67.50.
National Bank of Canada (NA) traded down C$0.07 on Friday, reaching C$63.64. 125,722 shares of the company’s stock were exchanged, compared to its average volume of 987,197. National Bank of Canada has a one year low of C$51.41 and a one year high of C$65.68. The stock has a market capitalization of $21,740.00, a PE ratio of 11.58 and a beta of 0.87.
National Bank of Canada (TSE:NA) last released its quarterly earnings data on Wednesday, February 28th. The financial services provider reported C$1.48 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.41 by C$0.07. National Bank of Canada had a net margin of 30.45% and a return on equity of 18.84%. The company had revenue of C$1.81 billion during the quarter, compared to analysts’ expectations of C$1.72 billion.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Monday, March 26th will be paid a dividend of $0.60 per share. The ex-dividend date 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 is presently 42.18%.
COPYRIGHT VIOLATION NOTICE: “National Bank of Canada (TSE:NA) Expected to Post Q2 2018 Earnings of $1.40 Per Share” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this report can be read at https://ledgergazette.com/2018/03/19/national-bank-of-canada-forecasted-to-post-q2-2018-earnings-of-1-40-per-share-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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.