FY2025 EPS Estimates for OTCMKTS:NTIOF Lifted by Desjardins

Key Points

• Desjardins has raised its fiscal year 2025 earnings per share (EPS) estimate for National Bank of Canada from $7.92 to $8.14, surpassing the consensus estimate of $7.63.
• The bank increased its dividend to $0.8578, yielding 348.0%, up from the previous dividend of $0.80.
• National Bank of Canada reported quarterly earnings of $2.00 EPS, beating analyst estimates by $0.29, despite revenue being below expectations at $2.64 billion.

National Bank of Canada (OTCMKTS:NTIOF - Free Report) - Stock analysts at Desjardins increased their FY2025 earnings per share estimates for shares of National Bank of Canada in a report issued on Tuesday, August 12th. Desjardins analyst D. Young now anticipates that the financial services provider will post earnings per share of $8.14 for the year, up from their prior estimate of $7.92. The consensus estimate for National Bank of Canada's current full-year earnings is $7.63 per share. Desjardins also issued estimates for National Bank of Canada's FY2026 earnings at $8.50 EPS.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The financial services provider reported $2.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.71 by $0.29. The business had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $3.33 billion. National Bank of Canada had a return on equity of 16.83% and a net margin of 18.73%.

Several other equities analysts have also commented on the company. Cibc World Mkts raised National Bank of Canada from a "strong sell" rating to a "hold" rating in a report on Friday, August 1st. CIBC reissued an "outperform" rating on shares of National Bank of Canada in a research note on Tuesday, May 20th. Finally, Scotiabank raised National Bank of Canada to a "strong-buy" rating in a report on Thursday, May 15th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold".

National Bank of Canada Price Performance

OTCMKTS:NTIOF traded up $0.1001 during trading hours on Thursday, hitting $108.9001. 661 shares of the stock were exchanged, compared to its average volume of 67,994. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.09. The firm's fifty day moving average price is $103.28 and its 200 day moving average price is $92.50. The company has a market cap of $42.68 billion, a P/E ratio of 14.40 and a beta of 1.02. National Bank of Canada has a 52-week low of $74.21 and a 52-week high of $109.47.

National Bank of Canada Increases Dividend

The company also recently declared a dividend, which was paid on Friday, August 1st. Stockholders of record on Tuesday, July 1st were given a dividend of $0.8578 per share. This is a positive change from National Bank of Canada's previous dividend of $0.80. This represents a dividend yield of 348.0%. The ex-dividend date of this dividend was Monday, June 30th. National Bank of Canada's payout ratio is 45.90%.

About National Bank of Canada

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.