National Bank of Canada (NTIOF) Expected to Earn Q1 2020 Earnings of $1.26 Per Share

National Bank of Canada (OTCMKTS:NTIOF) – Cormark issued their Q1 2020 earnings estimates for shares of National Bank of Canada in a report released on Wednesday, December 5th. Cormark analyst M. Grauman expects that the financial services provider will earn $1.26 per share for the quarter. Cormark also issued estimates for National Bank of Canada’s Q2 2020 earnings at $1.27 EPS, Q3 2020 earnings at $1.29 EPS and Q4 2020 earnings at $1.31 EPS.

Several other equities analysts also recently issued reports on NTIOF. Zacks Investment Research downgraded shares of National Bank of Canada from a “hold” rating to a “sell” rating in a report on Tuesday, August 14th. ValuEngine downgraded shares of National Bank of Canada from a “hold” rating to a “sell” rating in a report on Friday, October 12th. Barclays restated a “hold” rating on shares of National Bank of Canada in a report on Friday, November 16th. Canaccord Genuity restated a “hold” rating on shares of National Bank of Canada in a report on Thursday, November 22nd. Finally, TD Securities restated a “hold” rating on shares of National Bank of Canada in a report on Thursday. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. National Bank of Canada has a consensus rating of “Hold” and a consensus target price of $52.00.

Shares of National Bank of Canada stock opened at $43.58 on Thursday. National Bank of Canada has a one year low of $42.96 and a one year high of $53.84. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $15.17 billion, a price-to-earnings ratio of 10.45 and a beta of 1.33.

National Bank of Canada (OTCMKTS:NTIOF) last announced its earnings results on Wednesday, December 5th. The financial services provider reported $1.18 EPS for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.03. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.38 billion. National Bank of Canada had a net margin of 20.48% and a return on equity of 18.60%.

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.

Further Reading: Asset Allocation

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

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