Bank of Montreal (BMO) Expected to Announce Quarterly Earnings on Tuesday

Bank of Montreal (NYSE:BMO) (TSE:BMO) is anticipated to issue its quarterly earnings data before the market opens on Tuesday, February 25th. Analysts expect the company to announce earnings of $1.68 per share and revenue of $8.58 billion for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Bank of Montreal Stock Down 0.4 %

BMO stock opened at $100.53 on Monday. Bank of Montreal has a twelve month low of $76.98 and a twelve month high of $104.63. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.11. The stock’s 50 day moving average is $98.65 and its 200-day moving average is $93.39. The firm has a market capitalization of $73.27 billion, a PE ratio of 14.40, a P/E/G ratio of 1.43 and a beta of 1.09.

Bank of Montreal Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Thursday, January 30th will be issued a $1.1329 dividend. This represents a $4.53 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date is Thursday, January 30th. This is a positive change from Bank of Montreal’s previous quarterly dividend of $1.12. Bank of Montreal’s dividend payout ratio (DPR) is currently 63.32%.

Analyst Ratings Changes

BMO has been the topic of a number of recent research reports. Cibc World Mkts upgraded Bank of Montreal from a “hold” rating to a “strong-buy” rating in a report on Friday, December 6th. Scotiabank raised Bank of Montreal from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, December 6th. StockNews.com downgraded Bank of Montreal from a “hold” rating to a “sell” rating in a research report on Thursday. CIBC raised Bank of Montreal from a “neutral” rating to a “sector outperform” rating in a research report on Friday, December 6th. Finally, Royal Bank of Canada raised Bank of Montreal from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $133.00 to $161.00 in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $128.00.

About Bank of Montreal

Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. The company’s personal banking products and services include deposits, mortgages, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products.