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

National Bank of Canada (OTCMKTS:NTIOF) is anticipated to issue its quarterly earnings data before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of $1.89 per share and revenue of $3.04 billion for the quarter.

National Bank of Canada (OTCMKTS:NTIOF) last issued its quarterly earnings data on Wednesday, December 4th. The financial services provider reported $1.89 EPS for the quarter, beating 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 Price Performance

OTCMKTS:NTIOF opened at $88.32 on Wednesday. The stock has a 50 day moving average price of $90.96 and a 200 day moving average price of $92.25. 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 cap of $34.55 billion, a PE ratio of 11.25 and a beta of 1.07. National Bank of Canada has a one year low of $76.15 and a one year high of $100.08.

National Bank of Canada Increases Dividend

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

Analyst Ratings Changes

NTIOF has been the subject of a number of research reports. Barclays downgraded National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 21st. Cormark upgraded shares of National Bank of Canada from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, January 15th. Finally, Cibc World Mkts upgraded shares of National Bank of Canada from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th.

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.