National Bank of Canada (NA) to Release Earnings on Wednesday

National Bank of Canada (TSE:NA – Get Rating) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, May 31st. Analysts expect National Bank of Canada to post earnings of C$2.43 per share for the quarter.

National Bank of Canada (TSE:NA – Get Rating) last announced its earnings results on Wednesday, March 1st. The financial services provider reported C$2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of C$2.41 by C$0.15. National Bank of Canada had a net margin of 34.98% and a return on equity of 16.00%. The company had revenue of C$2.58 billion during the quarter, compared to analyst estimates of C$2.62 billion.

National Bank of Canada Stock Down 1.4 %

TSE NA opened at C$101.28 on Wednesday. The company has a 50-day simple moving average of C$98.47 and a two-hundred day simple moving average of C$97.69. National Bank of Canada has a 12-month low of C$82.16 and a 12-month high of C$104.83. The firm has a market cap of C$34.16 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 1.02 and a beta of 1.11.

National Bank of Canada Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, May 1st. Shareholders of record on Monday, March 27th were given a dividend of $0.97 per share. The ex-dividend date was Friday, March 24th. This represents a $3.88 annualized dividend and a yield of 3.83%. National Bank of Canada’s payout ratio is 41.01%.

Analyst Ratings Changes

Several analysts have issued reports on NA shares. Cormark restated a “market perform” rating on shares of National Bank of Canada in a research report on Tuesday. Canaccord Genuity Group upped their price objective on shares of National Bank of Canada from C$102.00 to C$104.50 in a research note on Thursday, March 2nd. Barclays lowered their price objective on shares of National Bank of Canada from C$98.00 to C$82.00 in a research note on Tuesday, May 9th. Scotiabank lowered their price objective on shares of National Bank of Canada from C$115.00 to C$111.00 in a research note on Friday, February 17th. Finally, Veritas Investment Research reaffirmed a “buy” rating on shares of National Bank of Canada in a research note on Monday, February 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, National Bank of Canada presently has an average rating of “Hold” and an average price target of C$105.32.

About National Bank of Canada

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