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.

ILLEGAL ACTIVITY NOTICE: This piece was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The correct version of this piece can be accessed at

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

Receive News & Stock Ratings for National Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Bank of Canada and related stocks with our FREE daily email newsletter.