National Bank of Canada (NTIOF) to Release Quarterly Earnings on Wednesday

National Bank of Canada (OTCMKTS:NTIOF) is expected to be announcing its earnings results before the market opens on Wednesday, May 28th. Analysts expect the company to announce earnings of $1.72 per share and revenue of $3.33 billion for the quarter.

National Bank of Canada Stock Performance

NTIOF opened at $92.11 on Wednesday. The company has a market cap of $36.04 billion, a P/E ratio of 11.73 and a beta of 1.00. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.06. The firm’s 50-day moving average price is $84.80 and its 200-day moving average price is $88.95. National Bank of Canada has a 52-week low of $74.21 and a 52-week high of $100.08.

National Bank of Canada Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, May 1st. Stockholders of record on Tuesday, April 1st were issued a dividend of $0.7975 per share. This represents a dividend yield of 3.86%. The ex-dividend date of this dividend was Monday, March 31st. National Bank of Canada’s dividend payout ratio (DPR) is presently 40.05%.

Wall Street Analyst Weigh In

A number of brokerages have commented on NTIOF. National Bankshares cut National Bank of Canada from a “speculative buy” rating to an “underperform” rating in a research report on Friday, April 4th. Scotiabank upgraded National Bank of Canada to a “strong-buy” rating in a research report on Thursday, May 15th. Cormark downgraded shares of National Bank of Canada from a “moderate buy” rating to a “hold” rating in a report on Friday, February 21st. CIBC restated a “neutral” rating on shares of National Bank of Canada in a research note on Wednesday, March 5th. Finally, Cibc World Mkts downgraded shares of National Bank of Canada from a “hold” rating to a “strong sell” rating in a report on Friday, April 4th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, National Bank of Canada currently has an average rating of “Hold”.

About National Bank of Canada

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.