National Bank of Canada (NTIOF) Projected to Post Earnings on Wednesday

National Bank of Canada (OTCMKTS:NTIOF) will likely be announcing its results before the market opens on Wednesday, December 3rd. Analysts expect the company to announce earnings of $1.75 per share and revenue of $3.4271 billion for the quarter.

National Bank of Canada (OTCMKTS:NTIOF) last announced its quarterly earnings results on Wednesday, August 27th. The financial services provider reported $1.95 EPS for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.03). The business had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $3.47 billion. National Bank of Canada had a net margin of 15.34% and a return on equity of 16.05%. 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 Stock Up 0.9%

NTIOF opened at $117.22 on Wednesday. National Bank of Canada has a 12 month low of $74.21 and a 12 month high of $117.22. The company has a market cap of $45.83 billion, a PE ratio of 15.99 and a beta of 0.95. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. The company has a 50 day moving average of $110.70 and a 200 day moving average of $105.17.

National Bank of Canada Cuts Dividend

The business also recently announced a dividend, which was paid on Saturday, November 1st. Shareholders of record on Tuesday, September 30th were given a dividend of $0.8531 per share. The ex-dividend date was Monday, September 29th. This represents a dividend yield of 313.0%. National Bank of Canada’s dividend payout ratio is currently 46.79%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on NTIOF shares. Royal Bank Of Canada reiterated a “sector perform” rating on shares of National Bank of Canada in a research report on Thursday, August 28th. National Bankshares raised National Bank of Canada from an “underperform” rating to a “buy” rating in a report on Tuesday, November 11th. Scotiabank reaffirmed an “outperform” rating on shares of National Bank of Canada in a report on Tuesday. Zacks Research upgraded National Bank of Canada from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 13th. Finally, Raymond James Financial initiated coverage on shares of National Bank of Canada in a report on Monday. They issued a “market perform” rating on the stock. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently 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.