Q1 2019 EPS Estimates for National Bank of Canada (NTIOF) Lifted by Cormark

National Bank of Canada (OTCMKTS:NTIOF) – Equities researchers at Cormark increased their Q1 2019 EPS estimates for National Bank of Canada in a note issued to investors on Tuesday, February 19th. Cormark analyst M. Grauman now expects that the financial services provider will post earnings of $1.18 per share for the quarter, up from their prior forecast of $1.17. Cormark also issued estimates for National Bank of Canada’s FY2020 earnings at $5.11 EPS.

National Bank of Canada (OTCMKTS:NTIOF) last released its earnings results on Wednesday, December 5th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.03. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. National Bank of Canada had a net margin of 20.02% and a return on equity of 18.58%.



A number of other equities research analysts also recently commented on NTIOF. Zacks Investment Research downgraded shares of National Bank of Canada from a “hold” rating to a “sell” rating in a research report on Thursday. Canaccord Genuity reissued a “hold” rating on shares of National Bank of Canada in a research report on Thursday, November 22nd. Desjardins reissued a “hold” rating on shares of National Bank of Canada in a research report on Tuesday, December 11th. TD Securities reissued a “hold” rating on shares of National Bank of Canada in a research report on Thursday, December 6th. Finally, Barclays reissued a “hold” rating on shares of National Bank of Canada in a research report on Thursday, December 6th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $52.00.

National Bank of Canada stock opened at $47.61 on Wednesday. The company has a market cap of $15.45 billion, a price-to-earnings ratio of 10.22 and a beta of 1.30. National Bank of Canada has a 52-week low of $39.85 and a 52-week high of $51.95. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.06.

About National Bank of Canada

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.

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Earnings History and Estimates for National Bank of Canada (OTCMKTS:NTIOF)

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