Bank of Montreal (BMO) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS
Bank of Montreal (TSE:BMO) issued its quarterly earnings data on Wednesday. The company reported $1.73 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.66 by $0.07, AnalystRatingsNetwork.com reports.
A number of research firms have recently commented on BMO. Analysts at Canaccord Genuity raised their price target on shares of Bank of Montreal to C$85.00 in a research note on Wednesday. They now have a “hold” rating on the stock. On the ratings front, analysts at Barclays raised their price target on shares of Bank of Montreal from C$80.00 to C$84.00 in a research note on Tuesday, August 19th. They now have an “equal weight” rating on the stock. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Bank of Montreal from C$72.00 to C$84.00 in a research note on Tuesday, August 19th. They now have a “market perform” rating on the stock. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of C$81.42.
Shares of Bank of Montreal (TSE:BMO) opened at 82.16 on Wednesday. Bank of Montreal has a one year low of $65.37 and a one year high of $82.79. The stock’s 50-day moving average is $80.81 and its 200-day moving average is $76.38. The company has a market cap of $52.993 billion and a P/E ratio of 12.51.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, November 26th. Stockholders of record on Monday, November 3rd will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 3.80%.
Bank of Montreal (TSE:BMO) is a diversified financial services provider that provides a range of retail banking, wealth management and investment banking products and services.
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