National Bank of Canada (NTIOF) Expected to Announce Earnings on Wednesday

National Bank of Canada (OTCMKTS:NTIOF) is expected to be posting its results before the market opens on Wednesday, August 27th. Analysts expect National Bank of Canada to post earnings of $1.72 per share and revenue of $3.4676 billion for the quarter.

National Bank of Canada (OTCMKTS:NTIOF) last posted its quarterly earnings data on Wednesday, May 28th. The financial services provider reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.29. National Bank of Canada had a return on equity of 16.83% and a net margin of 18.73%.The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $3.33 billion. On average, analysts expect National Bank of Canada to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

National Bank of Canada Trading Down 0.0%

OTCMKTS NTIOF opened at $108.79 on Wednesday. The business has a 50 day simple moving average of $103.50 and a 200 day simple moving average of $92.62. National Bank of Canada has a one year low of $74.21 and a one year high of $109.47. The stock has a market capitalization of $42.63 billion, a P/E ratio of 14.39 and a beta of 1.02. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.76 and a quick ratio of 0.76.

National Bank of Canada Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, August 1st. Investors of record on Tuesday, July 1st were paid a dividend of $0.8578 per share. This is an increase from National Bank of Canada’s previous dividend of $0.80. This represents a yield of 348.0%. The ex-dividend date of this dividend was Monday, June 30th. National Bank of Canada’s payout ratio is 45.90%.

Wall Street Analyst Weigh In

NTIOF has been the subject of several recent analyst reports. Cibc World Mkts raised National Bank of Canada from a “strong sell” rating to a “hold” rating in a research note on Friday, August 1st. Scotiabank raised National Bank of Canada to a “strong-buy” rating in a research note on Thursday, May 15th. Finally, CIBC reaffirmed an “outperform” rating on shares of National Bank of Canada in a research note on Tuesday, May 20th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold”.

National Bank of Canada Company Profile

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.