Research Analysts Set Expectations for BMO FY2025 Earnings

Bank of Montreal (NYSE:BMO) (TSE:BMO) – Analysts at Cormark boosted their FY2025 EPS estimates for shares of Bank of Montreal in a research report issued to clients and investors on Thursday, May 29th. Cormark analyst L. Persaud now forecasts that the bank will post earnings of $8.58 per share for the year, up from their previous forecast of $8.24. The consensus estimate for Bank of Montreal’s current full-year earnings is $7.71 per share.

BMO has been the subject of several other research reports. Scotiabank began coverage on shares of Bank of Montreal in a research note on Thursday, May 15th. They issued a “sector perform” rating for the company. CIBC reissued a “neutral” rating on shares of Bank of Montreal in a research note on Tuesday, May 20th. Cibc World Mkts downgraded shares of Bank of Montreal from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Wall Street Zen raised shares of Bank of Montreal from a “sell” rating to a “hold” rating in a research note on Friday, February 28th. Finally, Royal Bank of Canada boosted their target price on shares of Bank of Montreal from $161.00 to $163.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $129.50.

Bank of Montreal Trading Down 0.0%

Shares of BMO stock opened at $107.81 on Monday. The firm has a 50-day moving average price of $97.60 and a 200 day moving average price of $98.05. Bank of Montreal has a twelve month low of $76.98 and a twelve month high of $108.38. The company has a market capitalization of $77.85 billion, a price-to-earnings ratio of 15.45, a PEG ratio of 1.43 and a beta of 1.03. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.11.

Bank of Montreal (NYSE:BMO) (TSE:BMO) last released its quarterly earnings data on Wednesday, May 28th. The bank reported $1.84 EPS for the quarter, hitting the consensus estimate of $1.84. Bank of Montreal had a net margin of 9.22% and a return on equity of 10.18%. The business had revenue of $6.32 billion for the quarter, compared to analyst estimates of $8.79 billion. During the same period in the previous year, the firm earned $2.59 EPS. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Cary Street Partners Investment Advisory LLC increased its stake in shares of Bank of Montreal by 228.9% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 273 shares of the bank’s stock valued at $26,000 after acquiring an additional 190 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Bank of Montreal by 179.5% during the 4th quarter. IFP Advisors Inc now owns 313 shares of the bank’s stock valued at $30,000 after acquiring an additional 201 shares during the last quarter. Addison Advisors LLC increased its stake in shares of Bank of Montreal by 282.8% during the 4th quarter. Addison Advisors LLC now owns 333 shares of the bank’s stock valued at $32,000 after acquiring an additional 246 shares during the last quarter. Bayforest Capital Ltd acquired a new stake in Bank of Montreal during the 1st quarter worth approximately $34,000. Finally, Vision Financial Markets LLC acquired a new stake in Bank of Montreal during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 45.82% of the company’s stock.

Bank of Montreal Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Wednesday, July 30th will be paid a dividend of $1.1801 per share. The ex-dividend date is Wednesday, July 30th. This represents a $4.72 dividend on an annualized basis and a dividend yield of 4.38%. This is an increase from Bank of Montreal’s previous quarterly dividend of $1.11. Bank of Montreal’s dividend payout ratio is currently 58.75%.

About Bank of Montreal

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.