FY2024 EPS Estimates for OTCMKTS:NTIOF Decreased by Analyst

National Bank of Canada (OTCMKTS:NTIOF) – Analysts at Cormark decreased their FY2024 earnings estimates for shares of National Bank of Canada in a research note issued to investors on Monday, November 25th. Cormark analyst L. Persaud now forecasts that the financial services provider will post earnings of $7.45 per share for the year, down from their prior estimate of $7.70. The consensus estimate for National Bank of Canada’s current full-year earnings is $7.45 per share. Cormark also issued estimates for National Bank of Canada’s Q4 2024 earnings at $1.84 EPS, FY2025 earnings at $7.67 EPS and FY2026 earnings at $8.40 EPS.

National Bank of Canada (OTCMKTS:NTIOF) last announced its quarterly earnings data on Wednesday, August 28th. The financial services provider reported $1.96 earnings per share for the quarter. National Bank of Canada had a net margin of 19.10% and a return on equity of 17.29%. The company had revenue of $2.18 billion during the quarter.

Several other equities research analysts have also commented on NTIOF. Cibc World Mkts lowered shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, September 20th. Barclays lowered shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st.

National Bank of Canada Trading Up 0.9 %

OTCMKTS:NTIOF opened at $98.49 on Tuesday. National Bank of Canada has a one year low of $64.93 and a one year high of $98.91. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a market cap of $33.54 billion, a P/E ratio of 13.17 and a beta of 1.07. The firm has a 50-day simple moving average of $95.31 and a 200-day simple moving average of $88.26.

National Bank of Canada Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, November 1st. Stockholders of record on Monday, September 30th were issued a $0.8081 dividend. This is an increase from National Bank of Canada’s previous dividend of $0.81. This represents a dividend yield of 3.45%. The ex-dividend date was Friday, September 27th. National Bank of Canada’s dividend payout ratio is 43.58%.

About National Bank of Canada

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.