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

Bank of Montreal (NYSE:BMO) (TSE:BMO) will issue its quarterly earnings data before the market opens on Thursday, December 5th. Analysts expect the company to announce earnings of $1.98 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Bank of Montreal (NYSE:BMO) (TSE:BMO) last issued its earnings results on Tuesday, August 27th. The bank reported $2.64 EPS for the quarter, missing analysts’ consensus estimates of $2.76 by ($0.12). The company had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $8.25 billion. Bank of Montreal had a return on equity of 11.23% and a net margin of 8.50%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.08 EPS. On average, analysts expect Bank of Montreal to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Bank of Montreal Stock Up 0.6 %

Shares of BMO stock opened at $95.00 on Thursday. Bank of Montreal has a twelve month low of $76.98 and a twelve month high of $100.12. The stock has a market cap of $69.31 billion, a P/E ratio of 14.96, a P/E/G ratio of 2.60 and a beta of 1.10. The stock has a 50 day moving average of $92.34 and a 200 day moving average of $88.29. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.13.

Analysts Set New Price Targets

Several research firms have recently weighed in on BMO. StockNews.com lowered shares of Bank of Montreal from a “hold” rating to a “sell” rating in a report on Thursday, August 29th. TD Securities cut shares of Bank of Montreal from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Jefferies Financial Group lowered shares of Bank of Montreal from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Barclays reduced their price target on Bank of Montreal from $132.00 to $126.00 and set an “overweight” rating for the company in a report on Wednesday, August 28th. Finally, Scotiabank cut Bank of Montreal from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the company from $123.00 to $112.00 in a research report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $119.75.

Bank of Montreal Company Profile

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.