National Bank of Canada to Post Q1 2019 Earnings of $1.58 Per Share, Desjardins Forecasts (NA)
National Bank of Canada (TSE:NA) – Research analysts at Desjardins issued their Q1 2019 earnings estimates for shares of National Bank of Canada in a research report issued on Wednesday, December 5th. Desjardins analyst D. Young anticipates that the financial services provider will post earnings of $1.58 per share for the quarter. Desjardins also issued estimates for National Bank of Canada’s Q2 2019 earnings at $1.58 EPS, Q3 2019 earnings at $1.62 EPS and Q4 2019 earnings at $1.62 EPS.
Several other brokerages have also weighed in on NA. Barclays cut their price objective on shares of National Bank of Canada from C$65.00 to C$62.00 in a report on Thursday. Canaccord Genuity cut their target price on shares of National Bank of Canada from C$69.00 to C$64.00 in a report on Thursday, November 22nd. TD Securities cut their target price on shares of National Bank of Canada from C$72.00 to C$68.00 and set a “hold” rating on the stock in a report on Thursday. Finally, Eight Capital cut their target price on shares of National Bank of Canada from C$70.00 to C$69.00 in a report on Thursday. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of C$67.36.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 1st. Shareholders of record on Monday, December 31st will be issued a $0.65 dividend. This is a positive change from National Bank of Canada’s previous quarterly dividend of $0.62. This represents a $2.60 annualized dividend and a yield of 4.37%. National Bank of Canada’s dividend payout ratio (DPR) is 41.31%.
In other news, Director Louis Vachon sold 11,200 shares of the stock in a transaction on Monday, September 17th. The shares were sold at an average price of C$65.00, for a total transaction of C$728,000.00. Over the last quarter, insiders sold 86,200 shares of company stock worth $5,604,116.
National Bank of Canada Company Profile
National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International segments.
Further Reading: What is the LIBOR?
Receive News & Ratings for National Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Bank of Canada and related companies with MarketBeat.com's FREE daily email newsletter.