National Bank of Canada (NA) to Release Quarterly Earnings on Tuesday

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National Bank of Canada (TSE:NA) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, May 26th. Analysts expect the company to announce earnings of C$0.99 per share for the quarter.

National Bank of Canada (TSE:NA) last posted its quarterly earnings results on Thursday, February 27th. The financial services provider reported C$1.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$1.65 by C$0.05. The business had revenue of C$1.92 billion during the quarter, compared to analysts’ expectations of C$1.97 billion.

TSE:NA opened at C$52.42 on Friday. The company’s 50-day moving average price is C$53.89 and its 200-day moving average price is C$64.79. The company has a market cap of $18.18 billion and a P/E ratio of 8.05. National Bank of Canada has a twelve month low of C$38.67 and a twelve month high of C$75.01.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Monday, March 30th were paid a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 5.42%. The ex-dividend date of this dividend was Friday, March 27th. National Bank of Canada’s dividend payout ratio is currently 41.78%.

In related news, Director Laurent Ferreira purchased 11,000 shares of the company’s stock in a transaction on Wednesday, March 11th. The stock was acquired at an average cost of C$54.25 per share, for a total transaction of C$596,750.00. Following the completion of the transaction, the director now directly owns 13,400 shares in the company, valued at C$726,950. Also, Director Louis Vachon purchased 10,000 shares of the company’s stock in a transaction on Monday, March 9th. The shares were bought at an average price of C$56.80 per share, with a total value of C$568,000.00. Following the completion of the transaction, the director now owns 255,826 shares of the company’s stock, valued at C$14,530,916.80. Over the last 90 days, insiders have purchased 46,000 shares of company stock valued at $2,329,090.

Several equities analysts have recently weighed in on the stock. Canaccord Genuity decreased their price target on shares of National Bank of Canada from C$72.50 to C$58.50 in a research note on Wednesday. CSFB decreased their price target on shares of National Bank of Canada from C$56.00 to C$55.00 in a research note on Friday. TD Securities upgraded shares of National Bank of Canada from a “hold” rating to a “buy” rating and cut their price objective for the stock from C$67.00 to C$53.00 in a research report on Friday, March 20th. Finally, Scotiabank cut their price objective on shares of National Bank of Canada from C$63.00 to C$60.00 in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of C$63.85.

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.

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Earnings History for National Bank of Canada (TSE:NA)

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