Q4 2017 EPS Estimates for Bank of Montreal Reduced by Analyst (BMO)

Bank of Montreal (TSE:BMO) (NYSE:BMO) – Stock analysts at Cormark dropped their Q4 2017 earnings per share estimates for shares of Bank of Montreal in a research report issued to clients and investors on Friday. Cormark analyst M. Grauman now forecasts that the bank will post earnings per share of $1.93 for the quarter, down from their previous estimate of $2.03. Cormark also issued estimates for Bank of Montreal’s FY2018 earnings at $8.55 EPS and FY2019 earnings at $9.19 EPS.

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BMO has been the subject of several other research reports. CIBC dropped their target price on shares of Bank of Montreal from C$101.00 to C$100.00 in a research report on Wednesday, August 30th. Canaccord Genuity upped their price objective on shares of Bank of Montreal from C$99.00 to C$102.00 and gave the company a “hold” rating in a research report on Wednesday, August 30th. Scotiabank lowered their price objective on shares of Bank of Montreal from C$103.00 to C$101.00 and set an “outperform” rating for the company in a research report on Wednesday, August 30th. Finally, Barclays PLC upped their price objective on shares of Bank of Montreal from C$98.00 to C$99.00 in a research report on Friday, August 11th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Bank of Montreal currently has an average rating of “Hold” and an average target price of C$100.69.

Shares of Bank of Montreal (BMO) opened at C$99.22 on Monday. Bank of Montreal has a 1 year low of C$88.07 and a 1 year high of C$104.15.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 28th. Stockholders of record on Wednesday, November 1st will be paid a dividend of $0.90 per share. The ex-dividend date is Tuesday, October 31st. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.63%. Bank of Montreal’s dividend payout ratio is 43.30%.

In other news, Director Philip Orsino bought 17,800 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was acquired at an average cost of C$89.12 per share, for a total transaction of C$1,586,336.00. Also, insider Joanna Michelle Rotenberg sold 4,250 shares of the firm’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of C$93.00, for a total transaction of C$395,250.00.

Bank of Montreal Company Profile

Bank of Montreal (the Bank) is a financial services provider. The Bank provides a range of personal and commercial banking, wealth management and investment banking products and services. The Bank conducts its business through three operating groups: Personal and Commercial Banking (P&C), Wealth Management and BMO Capital Markets.

Earnings History and Estimates for Bank of Montreal (TSE:BMO)

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