Q4 2017 Earnings Forecast for National Bank of Canada Issued By Cormark (NA)
National Bank of Canada (TSE:NA) – Cormark boosted their Q4 2017 EPS estimates for shares of National Bank of Canada in a report released on Wednesday. Cormark analyst M. Grauman now expects that the financial services provider will post earnings of $1.36 per share for the quarter, up from their prior forecast of $1.34. Cormark also issued estimates for National Bank of Canada’s Q2 2018 earnings at $1.37 EPS.
National Bank of Canada (TSE:NA) last posted its quarterly earnings data on Wednesday, May 31st. The financial services provider reported $1.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.03. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.54 billion. National Bank of Canada had a return on equity of 17.47% and a net margin of 30.31%.
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A number of other research analysts have also recently weighed in on NA. Eight Capital raised their price objective on shares of National Bank of Canada from C$60.00 to C$62.00 in a research note on Thursday, June 1st. Barclays PLC upgraded shares of National Bank of Canada from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, May 23rd. BMO Capital Markets lifted their price target on shares of National Bank of Canada from C$60.00 to C$61.00 and gave the company a “market perform” rating in a report on Thursday. 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. Finally, Canaccord Genuity lifted their price target on shares of National Bank of Canada from C$60.00 to C$62.00 in a report on Thursday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of C$60.75.
Shares of National Bank of Canada (TSE:NA) opened at 57.48 on Thursday. National Bank of Canada has a 12 month low of $45.11 and a 12 month high of $59.12. The firm’s 50-day moving average price is $55.95 and its 200-day moving average price is $55.37. The firm has a market cap of $19.63 billion and a PE ratio of 12.17.
In other news, Director Andrée Savoie acquired 650 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The stock was acquired at an average cost of C$53.67 per share, with a total value of C$34,885.50.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Monday, September 25th will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 4.04%.
National Bank of Canada Company Profile
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