National Bank of Canada (NA) Set to Announce Earnings on Wednesday

National Bank of Canada (TSE:NA - Get Free Report) is scheduled to announce its earnings results before the market opens on Wednesday, December 4th. Analysts expect National Bank of Canada to post earnings of C$2.53 per share for the quarter.

National Bank of Canada (TSE:NA - Get Free Report) last released its quarterly earnings data on Wednesday, August 28th. The financial services provider reported C$2.68 EPS for the quarter, topping analysts' consensus estimates of C$2.50 by C$0.18. National Bank of Canada had a net margin of 34.50% and a return on equity of 15.18%. The firm had revenue of C$2.98 billion for the quarter, compared to the consensus estimate of C$2.95 billion.

National Bank of Canada Stock Performance

NA traded up C$1.00 on Wednesday, hitting C$138.43. 1,123,795 shares of the company were exchanged, compared to its average volume of 1,729,183. The business's fifty day moving average is C$131.32 and its 200 day moving average is C$120.68. National Bank of Canada has a fifty-two week low of C$87.92 and a fifty-two week high of C$138.79. The firm has a market capitalization of C$47.12 billion, a P/E ratio of 13.48, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on NA shares. Cibc World Mkts cut National Bank of Canada from a "strong-buy" rating to a "hold" rating in a report on Friday, September 20th. Barclays downgraded National Bank of Canada from a "strong-buy" rating to a "hold" rating in a research note on Thursday, November 21st. CIBC increased their price objective on shares of National Bank of Canada from C$135.00 to C$141.00 in a research note on Tuesday. Royal Bank of Canada lifted their target price on shares of National Bank of Canada from C$113.00 to C$116.00 in a research report on Thursday, August 29th. Finally, Cormark increased their price target on shares of National Bank of Canada from C$122.00 to C$128.00 in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of C$132.40.

Insider Activity at National Bank of Canada

In related news, Director Yvon Charest acquired 285 shares of the business's stock in a transaction on Tuesday, November 19th. The shares were bought at an average cost of C$133.71 per share, with a total value of C$38,107.35. Insiders own 0.21% of the company's stock.

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.