National Bank of Canada (NTIOF) Forecasted to Earn Q4 2018 Earnings of $1.14 Per Share

National Bank of Canada (OTCMKTS:NTIOF) – Stock analysts at National Bank Financial issued their Q4 2018 earnings per share estimates for shares of National Bank of Canada in a research report issued on Monday, November 19th. National Bank Financial analyst G. Dechaine forecasts that the financial services provider will earn $1.14 per share for the quarter. National Bank Financial also issued estimates for National Bank of Canada’s Q1 2019 earnings at $1.19 EPS.

Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of National Bank of Canada from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a report on Friday, October 5th. Canaccord Genuity restated a “hold” rating on shares of National Bank of Canada in a report on Thursday. Barclays restated a “hold” rating on shares of National Bank of Canada in a report on Friday, November 16th. Finally, ValuEngine cut shares of National Bank of Canada from a “hold” rating to a “sell” rating in a report on Friday, October 12th.

NTIOF stock opened at $45.22 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.80 and a quick ratio of 0.80. National Bank of Canada has a 52-week low of $44.59 and a 52-week high of $53.84. The stock has a market cap of $15.21 billion, a price-to-earnings ratio of 10.84 and a beta of 1.32.

National Bank of Canada (OTCMKTS:NTIOF) last posted its earnings results on Wednesday, August 29th. The financial services provider reported $1.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.02. National Bank of Canada had a net margin of 20.48% and a return on equity of 18.60%. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.37 billion.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 1st. Shareholders of record on Monday, September 24th were issued a dividend of $0.477 per share. This represents a $1.91 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date was Friday, September 21st. National Bank of Canada’s dividend payout ratio (DPR) is 45.56%.

About National Bank of Canada

National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International segments.

Read More: Why is Cost of Capital Important?

Earnings History and Estimates for National Bank of Canada (OTCMKTS:NTIOF)

Receive News & Ratings for National Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Bank of Canada and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply