National Bank of Canada (NTIOF) to Release Quarterly 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) is projected to announce its results before the market opens on Wednesday, August 27th. Analysts expect the company to announce 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 released its quarterly earnings data on Wednesday, May 28th. The financial services provider reported $2.00 EPS for the quarter, beating 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 during 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 OTCMKTS:NTIOF traded up $1.46 on Friday, reaching $109.71. The company's stock had a trading volume of 7,460 shares, compared to its average volume of 37,924. The company has a 50-day simple moving average of $104.09 and a 200 day simple moving average of $93.08. National Bank of Canada has a 52-week low of $74.21 and a 52-week high of $109.85. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market cap of $42.99 billion, a P/E ratio of 14.51 and a beta of 1.02.

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 $0.8578 dividend. This is an increase from National Bank of Canada's previous dividend of $0.80. This represents a yield of 348.0%. The ex-dividend date was Monday, June 30th. National Bank of Canada's dividend payout ratio (DPR) is 45.90%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on NTIOF shares. Scotiabank upgraded National Bank of Canada to a "strong-buy" rating in a research report on Thursday, May 15th. Cibc World Mkts raised National Bank of Canada from a "strong sell" rating to a "hold" rating in a research report on Friday, August 1st. Finally, CIBC restated an "outperform" rating on shares of National Bank of Canada in a report on Tuesday, May 20th. One equities research 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 issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus 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.