Bank of Montreal (BMO) Expected to Announce Earnings on Tuesday

Bank of Montreal (NYSE:BMO) (TSE:BMO) is expected to be releasing its earnings data before the market opens on Tuesday, February 25th. Analysts expect Bank of Montreal to post earnings of $1.69 per share and revenue of $8.57 billion for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Bank of Montreal Price Performance

NYSE:BMO opened at $101.08 on Tuesday. The company has a fifty day moving average price of $98.57 and a 200 day moving average price of $92.68. Bank of Montreal has a one year low of $76.98 and a one year high of $104.63. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market cap of $73.79 billion, a P/E ratio of 14.48, a PEG ratio of 1.40 and a beta of 1.09.

Bank of Montreal Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Thursday, January 30th will be paid a $1.1329 dividend. The ex-dividend date is Thursday, January 30th. This represents a $4.53 dividend on an annualized basis and a yield of 4.48%. This is a boost from Bank of Montreal’s previous quarterly dividend of $1.12. Bank of Montreal’s payout ratio is presently 63.32%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. StockNews.com upgraded shares of Bank of Montreal from a “sell” rating to a “hold” rating in a research report on Tuesday, February 11th. Cibc World Mkts upgraded Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 6th. Scotiabank raised Bank of Montreal from a “sector perform” rating to a “sector outperform” rating in a report on Friday, December 6th. CIBC upgraded Bank of Montreal from a “neutral” rating to a “sector outperform” rating in a report on Friday, December 6th. Finally, Royal Bank of Canada raised Bank of Montreal from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $133.00 to $161.00 in a report on Wednesday, January 8th. Seven equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Bank of Montreal has an average rating of “Moderate Buy” and a consensus 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.