Bank of Montreal (BMO) Scheduled to Post Quarterly Earnings on Wednesday

Bank of Montreal (TSE:BMOGet Free Report) (NYSE:BMO) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, May 29th. Analysts expect the company to announce earnings of C$2.74 per share for the quarter.

Bank of Montreal (TSE:BMOGet Free Report) (NYSE:BMO) last issued its earnings results on Tuesday, February 27th. The bank reported C$2.56 earnings per share for the quarter, missing the consensus estimate of C$3.03 by C($0.47). The firm had revenue of C$7.67 billion during the quarter, compared to analysts’ expectations of C$8.57 billion. Bank of Montreal had a return on equity of 7.28% and a net margin of 17.71%.

Bank of Montreal Trading Down 0.4 %

Shares of BMO opened at C$129.17 on Wednesday. The firm has a market capitalization of C$93.71 billion, a P/E ratio of 17.79, a price-to-earnings-growth ratio of 0.54 and a beta of 1.18. The stock’s fifty day simple moving average is C$128.38 and its 200 day simple moving average is C$124.65. Bank of Montreal has a twelve month low of C$102.67 and a twelve month high of C$133.95.

Bank of Montreal Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, April 29th will be given a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date is Friday, April 26th. Bank of Montreal’s payout ratio is 83.20%.

Insider Transactions at Bank of Montreal

In other Bank of Montreal news, Senior Officer Nadim Hirji sold 2,882 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of C$130.46, for a total transaction of C$375,985.72. In related news, Senior Officer Nadim Hirji sold 2,882 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of C$130.46, for a total value of C$375,985.72. Also, Director Darrel Hackett sold 3,297 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of C$91.76, for a total transaction of C$302,532.72. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

BMO has been the topic of several recent analyst reports. National Bankshares boosted their target price on Bank of Montreal from C$137.00 to C$143.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Jefferies Financial Group boosted their target price on shares of Bank of Montreal from C$136.00 to C$142.00 in a research report on Monday, May 13th. Canaccord Genuity Group cut their price objective on shares of Bank of Montreal from C$137.00 to C$136.00 and set a “buy” rating for the company in a research report on Wednesday, February 28th. Scotiabank lowered their target price on shares of Bank of Montreal from C$141.00 to C$137.00 and set an “outperform” rating on the stock in a research note on Friday, May 17th. Finally, CIBC decreased their price objective on shares of Bank of Montreal from C$125.00 to C$120.00 and set a “neutral” rating on the stock in a research note on Friday, March 8th. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$133.33.

Read Our Latest Research Report on BMO

Bank of Montreal Company Profile

(Get Free Report)

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.

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Earnings History for Bank of Montreal (TSE:BMO)

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