National Bank of Canada (NA) Scheduled to Post Quarterly Earnings on Wednesday

National Bank of Canada (TSE:NA) will be issuing its quarterly earnings data before the market opens on Wednesday, May 29th. Analysts expect the company to announce earnings of C$2.39 per share for the quarter.

National Bank of Canada (TSE:NA) last posted its earnings results on Wednesday, February 28th. The financial services provider reported C$2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of C$2.38 by C$0.21. The company had revenue of C$2.71 billion for the quarter, compared to analysts’ expectations of C$2.72 billion. National Bank of Canada had a return on equity of 14.73% and a net margin of 34.22%.

National Bank of Canada Price Performance

TSE NA opened at C$114.71 on Monday. The stock has a market capitalization of C$38.98 billion, a PE ratio of 12.07, a PEG ratio of 17.04 and a beta of 1.12. National Bank of Canada has a 1 year low of C$84.27 and a 1 year high of C$116.81. The business’s 50-day moving average is C$113.20 and its 200 day moving average is C$104.50.

National Bank of Canada Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Monday, March 25th were issued a $1.06 dividend. The ex-dividend date was Friday, March 22nd. This represents a $4.24 annualized dividend and a yield of 3.70%. National Bank of Canada’s dividend payout ratio (DPR) is presently 44.63%.

Insider Buying and Selling

In other news, Director Yvon Charest acquired 324 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was bought at an average cost of C$116.20 per share, for a total transaction of C$37,648.80. 0.20% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have commented on NA shares. TD Securities raised their price objective on shares of National Bank of Canada from C$118.00 to C$121.00 in a report on Friday, May 10th. Canaccord Genuity Group raised their price objective on shares of National Bank of Canada from C$107.00 to C$108.00 and gave the stock a “hold” rating in a report on Thursday, February 29th. Veritas Investment Research restated a “reduce” rating on shares of National Bank of Canada in a report on Thursday, February 29th. Desjardins raised their price objective on shares of National Bank of Canada from C$109.00 to C$116.00 and gave the stock a “hold” rating in a report on Monday, May 6th. Finally, Jefferies Financial Group raised their price objective on shares of National Bank of Canada from C$113.00 to C$121.00 in a report on Monday, May 13th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, National Bank of Canada currently has a consensus rating of “Hold” and a consensus price target of C$110.50.

About National Bank of Canada

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.