National Bank of Canada (NTIOF) Projected to Post Earnings on Wednesday

Key Points

• National Bank of Canada is expected to announce its earnings on August 27th, forecasting an EPS of $1.72 and revenue of $3.4676 billion for the quarter.
• The bank recently increased its dividend to $0.8578 per share, up from $0.80, reflecting a payout ratio of 45.90%.
• Analyst ratings for National Bank of Canada vary, with one "Strong Buy," one "Buy," three "Hold," and one "Sell," leading to an average rating of "Hold."

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) will likely be releasing its results before the market opens on Wednesday, August 27th. Analysts expect National Bank of Canada to post earnings of $1.72 per share and revenue of $3.4676 billion for the quarter.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) last posted its earnings results on Wednesday, May 28th. The financial services provider reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.29. National Bank of Canada had a net margin of 18.73% and a return on equity of 16.83%. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $3.33 billion. On average, analysts expect National Bank of Canada to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

National Bank of Canada Price Performance

Shares of NTIOF traded up $1.46 during trading hours on Friday, hitting $109.71. The stock had a trading volume of 7,460 shares, compared to its average volume of 38,295. The company's fifty day moving average is $104.09 and its two-hundred day moving average is $93.02. The stock has a market capitalization of $42.99 billion, a price-to-earnings ratio of 14.51 and a beta of 1.02. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.76 and a quick ratio of 0.76. National Bank of Canada has a 52 week low of $74.21 and a 52 week high of $109.85.

National Bank of Canada Increases Dividend

The business also recently declared a dividend, which was paid on Friday, August 1st. Investors 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. The ex-dividend date was Monday, June 30th. This represents a yield of 348.0%. National Bank of Canada's dividend payout ratio is currently 45.77%.

Analysts Set New Price Targets

Several brokerages recently issued reports on NTIOF. CIBC reiterated an "outperform" rating on shares of National Bank of Canada in a research report on Tuesday, May 20th. Cibc World Mkts upgraded shares of National Bank of Canada from a "strong sell" rating to a "hold" rating in a research report on Friday, August 1st. Finally, Scotiabank upgraded shares of National Bank of Canada to a "strong-buy" rating in a research report on Thursday, May 15th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold".

National Bank of Canada Company Profile

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.