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

National Bank of Canada (OTCMKTS:NTIOF) is anticipated to announce its earnings results before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of $1.88 per share and revenue of $3.02 billion for the quarter.

National Bank of Canada (OTCMKTS:NTIOF) last announced its earnings results on Wednesday, December 4th. The financial services provider reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.05. National Bank of Canada had a return on equity of 17.21% and a net margin of 24.65%. 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 Performance

OTCMKTS:NTIOF opened at $87.56 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market capitalization of $34.25 billion, a PE ratio of 11.15 and a beta of 1.07. National Bank of Canada has a fifty-two week low of $76.15 and a fifty-two week high of $100.08. The company has a fifty day moving average of $90.26 and a two-hundred day moving average of $92.45.

National Bank of Canada Increases Dividend

The company also recently declared a dividend, which was paid on Saturday, February 1st. Investors of record on Tuesday, December 31st were given a dividend of $0.8104 per share. This represents a dividend yield of 3.53%. This is a boost from National Bank of Canada’s previous dividend of $0.81. The ex-dividend date of this dividend was Monday, December 30th. National Bank of Canada’s payout ratio is presently 41.02%.

Analyst Upgrades and Downgrades

NTIOF has been the topic of several recent research reports. Cibc World Mkts cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Cormark lowered shares of National Bank of Canada from a “moderate buy” rating to a “hold” rating in a research report on Friday. Finally, Barclays downgraded shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 21st.

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.