Bank of Montreal (BMO) Scheduled to Post Quarterly Earnings on Thursday

Bank of Montreal (NYSE:BMO) (TSE:BMO) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, December 5th. Analysts expect Bank of Montreal to post earnings of $1.98 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Bank of Montreal (NYSE:BMO) (TSE:BMO) last announced its earnings results on Tuesday, August 27th. The bank reported $2.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.76 by ($0.12). The company had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $8.25 billion. Bank of Montreal had a net margin of 8.50% and a return on equity of 11.23%. The firm’s revenue was up .2% compared to the same quarter last year. During the same period last year, the business posted $2.08 EPS. On average, analysts expect Bank of Montreal to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Bank of Montreal Trading Up 0.6 %

Shares of NYSE BMO opened at $95.00 on Thursday. Bank of Montreal has a 1-year low of $76.98 and a 1-year high of $100.12. The business has a fifty day moving average price of $92.34 and a 200 day moving average price of $88.29. The stock has a market capitalization of $69.31 billion, a P/E ratio of 14.96, a price-to-earnings-growth ratio of 2.60 and a beta of 1.10. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.98 and a quick ratio of 0.98.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Barclays decreased their price target on shares of Bank of Montreal from $132.00 to $126.00 and set an “overweight” rating for the company in a research report on Wednesday, August 28th. Jefferies Financial Group downgraded shares of Bank of Montreal from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. TD Securities downgraded Bank of Montreal from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Bank of America lowered Bank of Montreal from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $134.00 to $117.00 in a report on Wednesday, August 28th. Finally, StockNews.com downgraded Bank of Montreal from a “hold” rating to a “sell” rating in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $119.75.

Bank of Montreal Company Profile

Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. The company’s personal banking products and services include deposits, mortgages, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products.