$1.84 EPS Expected for Bank of Montreal (NYSE:BMO) This Quarter

Equities analysts predict that Bank of Montreal (NYSE:BMO) (TSE:BMO) will report earnings of $1.84 per share for the current quarter, according to Zacks. Zero analysts have issued estimates for Bank of Montreal’s earnings, with the highest EPS estimate coming in at $2.01 and the lowest estimate coming in at $1.62. Bank of Montreal reported earnings per share of $0.76 during the same quarter last year, which would suggest a positive year-over-year growth rate of 142.1%. The company is scheduled to report its next earnings results before the market opens on Wednesday, May 26th.

According to Zacks, analysts expect that Bank of Montreal will report full year earnings of $8.23 per share for the current financial year, with EPS estimates ranging from $7.89 to $8.80. For the next year, analysts expect that the company will post earnings of $8.47 per share, with EPS estimates ranging from $8.11 to $9.20. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Bank of Montreal.

Bank of Montreal (NYSE:BMO) (TSE:BMO) last released its quarterly earnings results on Monday, February 22nd. The bank reported $3.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $1.40. Bank of Montreal had a net margin of 14.82% and a return on equity of 10.69%. The firm had revenue of $6.37 billion for the quarter, compared to analysts’ expectations of $5.96 billion. During the same quarter last year, the company earned $2.41 EPS. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year.

Several equities research analysts have issued reports on the stock. Scotiabank raised shares of Bank of Montreal from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, February 17th. Credit Suisse Group raised shares of Bank of Montreal from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $97.00 to $108.00 in a research note on Tuesday, March 2nd. BMO Capital Markets raised shares of Bank of Montreal from a “neutral” rating to a “buy” rating in a research note on Tuesday, March 2nd. Zacks Investment Research raised shares of Bank of Montreal from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a research note on Wednesday, February 17th. Finally, National Bank Financial raised shares of Bank of Montreal from a “sector perform” rating to an “outperform” rating in a research note on Monday, March 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $98.44.

Bank of Montreal stock traded down $0.39 during trading on Tuesday, reaching $93.93. The company had a trading volume of 798,440 shares, compared to its average volume of 776,470. The firm’s 50-day simple moving average is $90.85 and its 200 day simple moving average is $78.54. Bank of Montreal has a 1-year low of $43.26 and a 1-year high of $95.99. The firm has a market capitalization of $60.80 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 1.51 and a beta of 1.29. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.98 and a current ratio of 0.98.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 26th. Stockholders of record on Monday, May 3rd will be issued a dividend of $0.8402 per share. This represents a $3.36 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend is Friday, April 30th. This is a positive change from Bank of Montreal’s previous quarterly dividend of $0.80. Bank of Montreal’s payout ratio is currently 58.12%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new stake in Bank of Montreal in the 4th quarter valued at about $26,000. CENTRAL TRUST Co purchased a new stake in Bank of Montreal in the 1st quarter valued at about $27,000. Wealthcare Advisory Partners LLC purchased a new stake in Bank of Montreal in the 1st quarter valued at about $27,000. Reby Advisors LLC purchased a new stake in Bank of Montreal in the 4th quarter valued at about $30,000. Finally, Perigon Wealth Management LLC purchased a new stake in Bank of Montreal in the 4th quarter valued at about $41,000. Institutional investors and hedge funds own 39.18% of the company’s stock.

Bank of Montreal Company Profile

Bank of Montreal provides diversified financial services primarily in North America. The company's personal banking products and services include checking and savings accounts, credit cards, mortgages, and financial and investment advice services; and commercial banking products and services comprise business deposit accounts, commercial credit cards, business loans and commercial mortgages, cash management solutions, foreign exchange, specialized banking programs, treasury and payment solutions, and risk management products for small business and commercial banking customers.

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Earnings History and Estimates for Bank of Montreal (NYSE:BMO)

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