Does Earnings Surprise History Hold Any Clue for Bank of Montreal Stock Forecast, Price & News (NYSE:BMO)

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Earnings results for Bank of Montreal Stock Forecast, Price & News (NYSE:BMO)

Bank Of Montreal is expected* to report earnings on 08/25/2020 before market open. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 4 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.17. The reported EPS for the same quarter last year was $1.79.

Bank of Montreal last posted its earnings data on May 27th, 2020. The bank reported $1.04 EPS for the quarter, topping the consensus estimate of $0.94 by $0.10. The business earned $5.46 billion during the quarter, compared to analyst estimates of $5.99 billion. Its revenue for the quarter was down 3.9% compared to the same quarter last year. Bank of Montreal has generated $7.10 earnings per share over the last year and currently has a price-to-earnings ratio of 10.3. Bank of Montreal has confirmed that its next quarterly earnings report will be published on Tuesday, August 25th, 2020.

Analyst Opinion on Bank of Montreal Stock Forecast, Price & News (NYSE:BMO)

12 Wall Street analysts have issued ratings and price targets for Bank of Montreal in the last 12 months. Their average twelve-month price target is $79.67, predicting that the stock has a possible upside of 36.79%. The high price target for BMO is $109.00 and the low price target for BMO is $53.00. There are currently 2 sell ratings, 7 hold ratings and 3 buy ratings for the stock, resulting in a consensus rating of “Hold.”

Bank of Montreal has received a consensus rating of Hold. The company’s average rating score is 2.08, and is based on 3 buy ratings, 7 hold ratings, and 2 sell ratings. According to analysts’ consensus price target of $79.67, Bank of Montreal has a forecasted upside of 36.8% from its current price of $58.24. Bank of Montreal has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Bank of Montreal Stock Forecast, Price & News (NYSE:BMO)

Bank of Montreal is a leading dividend payer. It pays a dividend yield of 5.52%, putting its dividend yield in the top 25% of dividend-paying stocks. Bank of Montreal has only been increasing its dividend for 1 years. The dividend payout ratio of Bank of Montreal is 44.51%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Bank of Montreal will have a dividend payout ratio of 55.34% next year. This indicates that Bank of Montreal will be able to sustain or increase its dividend.

Insiders buying/selling: Bank of Montreal Stock Forecast, Price & News (NYSE:BMO)

In the past three months, Bank of Montreal insiders have not sold or bought any company stock. Only 1.00% of the stock of Bank of Montreal is held by insiders. 41.01% of the stock of Bank of Montreal is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Bank of Montreal Stock Forecast, Price & News (NYSE:BMO

Earnings for Bank of Montreal are expected to grow by 13.07% in the coming year, from $5.05 to $5.71 per share. The P/E ratio of Bank of Montreal is 10.33, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.58. The P/E ratio of Bank of Montreal is 10.33, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.69. Bank of Montreal has a PEG Ratio of 2.40. PEG Ratios above 1 indicate that a company could be overvalued. Bank of Montreal has a P/B Ratio of 1.08. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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