Bank of Montreal (BMO) Set to Announce Quarterly Earnings on Wednesday

Bank of Montreal (TSE:BMO – Get Rating) (NYSE:BMO) is scheduled to announce its earnings results before the market opens on Wednesday, May 24th. Analysts expect the company to announce earnings of C$3.16 per share for the quarter.

Bank of Montreal (TSE:BMO – Get Rating) (NYSE:BMO) last posted its quarterly earnings results on Tuesday, February 28th. The bank reported C$3.22 EPS for the quarter, topping the consensus estimate of C$3.13 by C$0.09. The business had revenue of C$6.47 billion during the quarter. Bank of Montreal had a net margin of 40.56% and a return on equity of 21.06%.

Bank of Montreal Stock Performance

BMO stock opened at C$117.98 on Monday. The stock has a market cap of C$82.98 billion, a P/E ratio of 5.90, a P/E/G ratio of 1.49 and a beta of 1.13. The firm has a 50 day simple moving average of C$119.62 and a 200 day simple moving average of C$126.09. Bank of Montreal has a 52 week low of C$113.47 and a 52 week high of C$138.85.

Bank of Montreal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 26th. Investors of record on Friday, April 28th will be issued a dividend of $1.43 per share. This represents a $5.72 annualized dividend and a dividend yield of 4.85%. The ex-dividend date of this dividend is Thursday, April 27th. Bank of Montreal’s dividend payout ratio is currently 28.61%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BMO. CIBC reduced their target price on shares of Bank of Montreal from C$145.00 to C$139.00 in a research note on Tuesday, May 16th. Royal Bank of Canada reduced their target price on shares of Bank of Montreal from C$154.00 to C$151.00 in a research note on Monday, March 27th. Cormark reduced their target price on shares of Bank of Montreal from C$148.00 to C$147.00 in a research note on Wednesday, March 1st. Barclays reduced their target price on shares of Bank of Montreal from C$149.00 to C$127.00 in a research note on Tuesday, May 9th. Finally, National Bankshares dropped their price target on shares of Bank of Montreal from C$133.00 to C$129.00 in a research report on Thursday. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$146.09.

Bank of Montreal Company Profile

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Bank of Montreal engages in the provision of diversified financial services primarily in North America. The company's personal banking products and services include checking and savings accounts, credit cards, mortgages, personal loans, small business lending, cash management, and financial and investment advice services; and commercial banking products and services comprise business deposit accounts, commercial credit cards, business loans and commercial mortgages, cash management solutions, foreign exchange, specialized banking programs, treasury and payment solutions, and risk management products for small business and commercial banking customers.