Bank of Montreal (NYSE:BMO) Forecasted to Post Q1 2020 Earnings of $1.77 Per Share

Bank of Montreal (NYSE:BMO) (TSE:BMO) – Stock analysts at National Bank Financial increased their Q1 2020 earnings estimates for Bank of Montreal in a research note issued to investors on Tuesday, February 11th. National Bank Financial analyst G. Dechaine now anticipates that the bank will post earnings of $1.77 per share for the quarter, up from their prior estimate of $1.76. National Bank Financial also issued estimates for Bank of Montreal’s Q2 2020 earnings at $1.83 EPS and Q3 2020 earnings at $1.89 EPS.

A number of other analysts have also issued reports on BMO. CIBC upgraded Bank of Montreal from a “neutral” rating to a “sector outperform” rating and set a $109.00 price target for the company in a report on Tuesday, December 3rd. ValuEngine upgraded Bank of Montreal from a “sell” rating to a “hold” rating in a report on Saturday, January 18th. Zacks Investment Research upgraded Bank of Montreal from a “sell” rating to a “hold” rating and set a $86.00 price target for the company in a report on Tuesday, February 4th. Citigroup lowered Bank of Montreal from a “buy” rating to a “neutral” rating and set a $108.00 price target for the company. in a report on Tuesday, December 17th. Finally, Credit Suisse Group boosted their price target on Bank of Montreal from $93.00 to $94.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $99.25.

Shares of NYSE BMO opened at $76.84 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $49.07 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 2.00 and a beta of 1.10. The stock has a 50 day moving average price of $77.77 and a 200 day moving average price of $74.68. Bank of Montreal has a 52-week low of $66.42 and a 52-week high of $79.93.

Bank of Montreal (NYSE:BMO) (TSE:BMO) last announced its earnings results on Tuesday, December 3rd. The bank reported $2.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.82 by $0.61. The business had revenue of $6.09 billion during the quarter, compared to analyst estimates of $5.86 billion. Bank of Montreal had a return on equity of 14.03% and a net margin of 14.86%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.32 earnings per share.

A number of large investors have recently modified their holdings of the stock. Lakeview Capital Partners LLC raised its stake in Bank of Montreal by 4.5% in the third quarter. Lakeview Capital Partners LLC now owns 3,135 shares of the bank’s stock worth $231,000 after buying an additional 135 shares in the last quarter. Probity Advisors Inc. raised its stake in Bank of Montreal by 1.6% in the fourth quarter. Probity Advisors Inc. now owns 8,511 shares of the bank’s stock worth $660,000 after buying an additional 135 shares in the last quarter. Cordasco Financial Network raised its stake in Bank of Montreal by 8.5% in the third quarter. Cordasco Financial Network now owns 2,452 shares of the bank’s stock worth $181,000 after buying an additional 193 shares in the last quarter. Naples Global Advisors LLC raised its stake in Bank of Montreal by 1.2% in the fourth quarter. Naples Global Advisors LLC now owns 16,947 shares of the bank’s stock worth $1,313,000 after buying an additional 200 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in Bank of Montreal by 14.0% in the fourth quarter. Parallel Advisors LLC now owns 1,884 shares of the bank’s stock worth $146,000 after buying an additional 232 shares in the last quarter. 41.94% of the stock is owned by institutional investors.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Monday, February 3rd will be paid a $0.7965 dividend. This is an increase from Bank of Montreal’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend is Friday, January 31st. This represents a $3.19 dividend on an annualized basis and a yield of 4.15%. Bank of Montreal’s payout ratio is 45.07%.

Bank of Montreal Company Profile

Bank of Montreal provides diversified financial services primarily in North America. It operates through three groups: Personal and Commercial Banking, Wealth Management, and BMO Capital Markets. 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, and specialized banking programs for small business and commercial banking customers, as well as wealth management products and services, such as insurance products.

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