Research Analysts Issue Forecasts for Bank of Montreal’s Q4 2018 Earnings (BMO)

Bank of Montreal (TSE:BMO) (NYSE:BMO) – Analysts at National Bank Financial issued their Q4 2018 earnings estimates for shares of Bank of Montreal in a report issued on Monday. National Bank Financial analyst G. Dechaine expects that the bank will post earnings per share of $2.23 for the quarter. National Bank Financial has a “Sector Perform” rating and a $106.00 price objective on the stock.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last posted its quarterly earnings results on Tuesday, December 5th. The bank reported C$1.94 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.99 by C($0.05). Bank of Montreal had a net margin of 21.70% and a return on equity of 12.00%. The company had revenue of C$5.66 billion during the quarter, compared to analyst estimates of C$5.31 billion.

BMO has been the subject of a number of other research reports. Eight Capital raised their price objective on shares of Bank of Montreal from C$101.00 to C$106.00 in a report on Wednesday, December 6th. Macquarie upgraded shares of Bank of Montreal from a “neutral” rating to an “outperform” rating and raised their price target for the stock from C$105.00 to C$107.00 in a report on Thursday, February 15th. Barclays raised their price objective on shares of Bank of Montreal from C$97.00 to C$98.00 in a research report on Wednesday, December 6th. Royal Bank of Canada lifted their price objective on shares of Bank of Montreal from C$113.00 to C$115.00 in a report on Wednesday, February 14th. Finally, CIBC lifted their price objective on shares of Bank of Montreal from C$100.00 to C$107.00 in a report on Monday, November 13th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of C$107.50.

Bank of Montreal (TSE BMO) traded up C$0.77 on Thursday, hitting C$99.46. 1,026,400 shares of the stock were exchanged, compared to its average volume of 1,620,000. The firm has a market cap of $64,470.00, a P/E ratio of 12.56 and a beta of 0.67. Bank of Montreal has a one year low of C$88.63 and a one year high of C$105.55.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Thursday, February 1st will be issued a dividend of $0.93 per share. This is a positive change from Bank of Montreal’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend is Wednesday, January 31st. This represents a $3.72 annualized dividend and a dividend yield of 3.74%. Bank of Montreal’s payout ratio is presently 44.95%.

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Bank of Montreal Company Profile

Bank of Montreal (the Bank) is a financial services provider. The Bank provides a range of personal and commercial banking, wealth management and investment banking products and services. The Bank conducts its business through three operating groups: Personal and Commercial Banking (P&C), Wealth Management and BMO Capital Markets.

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

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