Bank of Montreal (BMO) to Release Earnings on Wednesday

Bank of Montreal (TSE:BMO) (NYSE:BMO) will be posting its quarterly earnings results before the market opens on Wednesday, May 29th. Analysts expect Bank of Montreal to post earnings of C$2.33 per share for the quarter.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last announced its quarterly earnings results on Tuesday, February 26th. The bank reported C$2.32 earnings per share for the quarter, beating analysts’ consensus estimates of C$2.24 by C$0.08. The firm had revenue of C$6.52 billion during the quarter, compared to analysts’ expectations of C$5.94 billion.

Shares of BMO stock opened at C$103.60 on Monday. Bank of Montreal has a fifty-two week low of C$86.25 and a fifty-two week high of C$109.00. The firm has a market capitalization of $66.14 billion and a PE ratio of 11.48.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Wednesday, May 1st will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend is Tuesday, April 30th. Bank of Montreal’s dividend payout ratio is currently 42.65%.

A number of research analysts have recently weighed in on the company. Desjardins raised their price target on Bank of Montreal from C$104.00 to C$106.00 in a research report on Wednesday, February 27th. CSFB set a C$106.00 price target on Bank of Montreal and gave the company an “underperform” rating in a research report on Thursday, May 16th. National Bank Financial raised their price target on Bank of Montreal from C$114.00 to C$116.00 in a research report on Wednesday, February 27th. Canaccord Genuity dropped their price target on Bank of Montreal from C$113.00 to C$111.00 in a research report on Wednesday, May 15th. Finally, Royal Bank of Canada raised their price target on Bank of Montreal from C$112.00 to C$113.00 and gave the company an “outperform” rating in a research report on Wednesday, February 27th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of C$110.42.

In related news, Senior Officer Patrick Cronin sold 26,022 shares of Bank of Montreal stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of C$102.16, for a total transaction of C$2,658,329.45. Also, Senior Officer Cameron Mcaskile Fowler sold 6,900 shares of Bank of Montreal stock in a transaction dated Monday, March 18th. The stock was sold at an average price of C$103.98, for a total value of C$717,482.70.

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About Bank of Montreal

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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Earnings History for Bank of Montreal (TSE:BMO)

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