What is Cormark's Forecast for BMO Q2 Earnings?

Bank of Montreal (NYSE:BMO - Free Report) TSE: BMO - Cormark issued their Q2 2025 earnings per share (EPS) estimates for Bank of Montreal in a research report issued to clients and investors on Tuesday, May 20th. Cormark analyst L. Persaud expects that the bank will post earnings per share of $1.79 for the quarter. The consensus estimate for Bank of Montreal's current full-year earnings is $7.71 per share. Cormark also issued estimates for Bank of Montreal's FY2025 earnings at $8.24 EPS.

Other analysts have also issued reports about the company. Scotiabank began coverage on Bank of Montreal in a report on Thursday, May 15th. They set a "sector perform" rating on the stock. Wall Street Zen upgraded Bank of Montreal from a "sell" rating to a "hold" rating in a research report on Friday, February 28th. CIBC reiterated a "neutral" rating on shares of Bank of Montreal in a research report on Tuesday. Royal Bank of Canada increased their price target on Bank of Montreal from $161.00 to $163.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. Finally, Cibc World Mkts downgraded Bank of Montreal from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Bank of Montreal presently has an average rating of "Hold" and a consensus price target of $128.40.

Bank of Montreal Stock Performance

Bank of Montreal stock traded up $0.26 during midday trading on Friday, hitting $103.90. 554,398 shares of the company were exchanged, compared to its average volume of 851,755. The firm has a market capitalization of $75.23 billion, a PE ratio of 14.89, a price-to-earnings-growth ratio of 1.43 and a beta of 1.03. Bank of Montreal has a fifty-two week low of $76.98 and a fifty-two week high of $106.00. The business has a fifty day simple moving average of $96.36 and a two-hundred day simple moving average of $97.39. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.98 and a current ratio of 0.98.

Bank of Montreal (NYSE:BMO - Get Free Report) TSE: BMO last posted its earnings results on Tuesday, February 25th. The bank reported $3.04 EPS for the quarter, topping the consensus estimate of $1.68 by $1.36. The firm had revenue of $9.27 billion for the quarter, compared to analyst estimates of $8.58 billion. Bank of Montreal had a return on equity of 10.18% and a net margin of 9.22%. Bank of Montreal's revenue for the quarter was up 20.8% compared to the same quarter last year. During the same period last year, the company earned $2.56 earnings per share.

Hedge Funds Weigh In On Bank of Montreal

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC lifted its position in shares of Bank of Montreal by 65.7% in the first quarter. Acadian Asset Management LLC now owns 12,000 shares of the bank's stock valued at $1,144,000 after acquiring an additional 4,758 shares in the last quarter. Intech Investment Management LLC lifted its position in shares of Bank of Montreal by 30.0% in the first quarter. Intech Investment Management LLC now owns 104,254 shares of the bank's stock valued at $9,954,000 after acquiring an additional 24,044 shares in the last quarter. Bayforest Capital Ltd purchased a new position in shares of Bank of Montreal in the first quarter valued at approximately $34,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Bank of Montreal by 7.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,002,463 shares of the bank's stock valued at $95,745,000 after acquiring an additional 66,838 shares in the last quarter. Finally, Ascent Group LLC purchased a new position in shares of Bank of Montreal in the first quarter valued at approximately $254,000. Hedge funds and other institutional investors own 45.82% of the company's stock.

Bank of Montreal Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, April 29th will be given a $1.1094 dividend. The ex-dividend date is Tuesday, April 29th. This represents a $4.44 annualized dividend and a dividend yield of 4.27%. Bank of Montreal's dividend payout ratio (DPR) is presently 57.35%.

About Bank of Montreal

Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. The company's personal banking products and services include deposits, mortgages, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products.