FY2024 EPS Estimates for OTCMKTS:NTIOF Reduced by Analyst

National Bank of Canada (OTCMKTS:NTIOF) – Stock analysts at Cormark cut their FY2024 earnings per share (EPS) estimates for shares of National Bank of Canada in a research report issued to clients and investors on Monday, November 25th. Cormark analyst L. Persaud now forecasts that the financial services provider will post earnings per share of $7.45 for the year, down from their prior estimate of $7.70. The consensus estimate for National Bank of Canada’s current full-year earnings is $7.53 per share. Cormark also issued estimates for National Bank of Canada’s Q4 2024 earnings at $1.84 EPS, FY2025 earnings at $7.67 EPS and FY2026 earnings at $8.40 EPS.

A number of other research analysts also recently weighed in on the company. Barclays downgraded National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st. Cibc World Mkts downgraded National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 20th.

National Bank of Canada Stock Down 0.8 %

Shares of National Bank of Canada stock opened at $97.57 on Tuesday. The firm has a market cap of $33.23 billion, a price-to-earnings ratio of 13.04 and a beta of 1.07. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.76 and a quick ratio of 0.76. National Bank of Canada has a 52-week low of $64.93 and a 52-week high of $98.91. The stock has a 50-day simple moving average of $95.21 and a 200-day simple moving average of $88.19.

National Bank of Canada (OTCMKTS:NTIOF) last announced its quarterly earnings results on Wednesday, August 28th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter. The business had revenue of $2.18 billion during the quarter. National Bank of Canada had a return on equity of 17.29% and a net margin of 19.10%.

National Bank of Canada Increases Dividend

The business also recently declared a dividend, which was paid on Friday, November 1st. Investors of record on Monday, September 30th were given a dividend of $0.8081 per share. This is an increase from National Bank of Canada’s previous dividend of $0.81. The ex-dividend date of this dividend was Friday, September 27th. This represents a yield of 3.45%. National Bank of Canada’s dividend payout ratio is 43.58%.

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.