National Bank of Canada (TSE:NA) is set to issue its quarterly earnings data before the market opens on Wednesday, August 30th. Analysts expect the company to announce earnings of $1.28 per share for the quarter.

National Bank of Canada (TSE:NA) last released its quarterly earnings data on Wednesday, May 31st. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.03. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.54 billion. National Bank of Canada had a return on equity of 17.47% and a net margin of 30.31%.

Shares of National Bank of Canada (TSE NA) opened at 55.31 on Tuesday. The company has a market cap of $18.89 billion and a price-to-earnings ratio of 11.71. The firm has a 50-day moving average price of $55.82 and a 200 day moving average price of $55.39. National Bank of Canada has a 1-year low of $45.11 and a 1-year high of $59.12.

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, June 26th were issued a $0.58 dividend. The ex-dividend date of this dividend was Thursday, June 22nd. This represents a $2.32 annualized dividend and a yield of 4.19%. This is a boost from National Bank of Canada’s previous quarterly dividend of $0.56.

In related news, Director AndrĂ©e Savoie bought 650 shares of the company’s stock in a transaction on Monday, June 5th. The shares were bought at an average price of C$53.67 per share, with a total value of C$34,885.50.

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A number of analysts have issued reports on the stock. Scotiabank lifted their price target on shares of National Bank of Canada from C$60.00 to C$61.00 and gave the company an “outperform” rating in a report on Monday, August 21st. Eight Capital lifted their price target on shares of National Bank of Canada from C$60.00 to C$62.00 in a report on Thursday, June 1st. Finally, Barclays PLC upgraded shares of National Bank of Canada from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of C$59.83.

About National Bank of Canada

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