Desjardins Comments on National Bank of Canada’s Q1 2019 Earnings (NTIOF)

National Bank of Canada (OTCMKTS:NTIOF) – Equities researchers at Desjardins issued their Q1 2019 earnings estimates for National Bank of Canada in a note issued to investors on Wednesday, December 5th. Desjardins analyst D. Young anticipates that the financial services provider will post earnings of $1.20 per share for the quarter. Desjardins also issued estimates for National Bank of Canada’s Q2 2019 earnings at $1.20 EPS, Q3 2019 earnings at $1.23 EPS, Q4 2019 earnings at $1.23 EPS and FY2019 earnings at $4.86 EPS.

NTIOF has been the subject of several other reports. Zacks Investment Research raised 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 research note on Friday, October 5th. TD Securities reaffirmed a “hold” rating on shares of National Bank of Canada in a research note on Thursday. Barclays reaffirmed a “hold” rating on shares of National Bank of Canada in a research note on Thursday. Canaccord Genuity reaffirmed a “hold” rating on shares of National Bank of Canada in a research note on Thursday. Finally, ValuEngine downgraded shares of National Bank of Canada from a “hold” rating to a “sell” rating in a research note on Friday, October 12th. Two analysts have rated the stock with a sell rating and three have given a hold rating to the stock. National Bank of Canada has an average rating of “Hold” and an average target price of $52.00.

Shares of OTCMKTS NTIOF opened at $43.58 on Friday. National Bank of Canada has a twelve month low of $42.96 and a twelve month high of $53.84. The firm has a market cap of $15.17 billion, a P/E ratio of 9.35 and a beta of 1.33. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.06.

National Bank of Canada (OTCMKTS:NTIOF) last announced its earnings results on Wednesday, December 5th. The financial services provider reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.03. National Bank of Canada had a net margin of 20.02% and a return on equity of 18.58%. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.38 billion.

National Bank of Canada Company Profile

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.

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

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