Research Analysts Issue Forecasts for National Bank of Canada’s Q3 2017 Earnings (NA)
National Bank of Canada (TSE:NA) – Cormark boosted their Q3 2017 earnings per share (EPS) estimates for National Bank of Canada in a research report issued to clients and investors on Tuesday. Cormark analyst M. Grauman now expects that the financial services provider will post earnings per share of $1.34 for the quarter, up from their previous forecast of $1.32. Cormark also issued estimates for National Bank of Canada’s FY2017 earnings at $5.36 EPS and FY2018 earnings at $5.66 EPS.
A number of other research analysts have also weighed in on NA. Barclays PLC raised National Bank of Canada from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 23rd. Eight Capital increased their price objective on National Bank of Canada from C$60.00 to C$62.00 in a report on Thursday, June 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of C$60.08.
National Bank of Canada (NA) opened at 55.47 on Wednesday. The stock has a market capitalization of $18.94 billion and a PE ratio of 11.75. National Bank of Canada has a 12 month low of $45.11 and a 12 month high of $59.12. The firm has a 50-day moving average price of $55.62 and a 200 day moving average price of $55.41.
National Bank of Canada (TSE:NA) last released its quarterly earnings data on Wednesday, May 31st. The financial services provider reported $1.30 EPS for the quarter, topping the consensus estimate of $1.27 by $0.03. National Bank of Canada had a return on equity of 17.47% and a net margin of 30.31%. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.54 billion.
In related news, Director Andrée Savoie bought 650 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The shares were purchased at an average cost of C$53.67 per share, with a total value of C$34,885.50.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, June 26th were issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 4.18%. This is a positive change from National Bank of Canada’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Thursday, June 22nd.
About National Bank of Canada
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