Bank of Montreal (BMO) to Release Quarterly Earnings on Tuesday

Bank of Montreal (NYSE:BMO) (TSE:BMO) will likely be posting its quarterly earnings results before the market opens on Tuesday, February 25th. Analysts expect Bank of Montreal to post earnings of $1.68 per share and revenue of $8.58 billion for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Bank of Montreal Price Performance

Shares of BMO stock opened at $100.53 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.11. Bank of Montreal has a twelve month low of $76.98 and a twelve month high of $104.63. The company has a market cap of $73.27 billion, a P/E ratio of 14.40, a P/E/G ratio of 1.43 and a beta of 1.09. The business has a fifty day simple moving average of $98.65 and a 200 day simple moving average of $93.30.

Bank of Montreal Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Thursday, January 30th will be given a dividend of $1.1329 per share. This is an increase from Bank of Montreal’s previous quarterly dividend of $1.12. This represents a $4.53 annualized dividend and a dividend yield of 4.51%. The ex-dividend date of this dividend is Thursday, January 30th. Bank of Montreal’s dividend payout ratio is currently 63.32%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Cibc World Mkts upgraded Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 6th. Royal Bank of Canada raised Bank of Montreal from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $133.00 to $161.00 in a report on Wednesday, January 8th. CIBC raised Bank of Montreal from a “neutral” rating to a “sector outperform” rating in a report on Friday, December 6th. StockNews.com cut Bank of Montreal from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Scotiabank raised Bank of Montreal from a “sector perform” rating to a “sector outperform” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Bank of Montreal has a consensus rating of “Hold” and an average price target of $128.00.

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.