Laurentian Bank of Canada (LB) to Post Q1 2019 Earnings of $1.30 Per Share, National Bank Financial Forecasts
Laurentian Bank of Canada (TSE:LB) – Investment analysts at National Bank Financial lowered their Q1 2019 earnings per share estimates for Laurentian Bank of Canada in a note issued to investors on Wednesday, December 5th. National Bank Financial analyst G. Dechaine now anticipates that the company will post earnings per share of $1.30 for the quarter, down from their prior forecast of $1.37. National Bank Financial currently has a “Sector Perform” rating and a $41.00 target price on the stock. National Bank Financial also issued estimates for Laurentian Bank of Canada’s Q2 2019 earnings at $1.25 EPS and FY2020 earnings at $5.41 EPS.
LB has been the subject of several other reports. Royal Bank of Canada dropped their price objective on Laurentian Bank of Canada from C$56.00 to C$51.00 and set a “sector perform” rating for the company in a report on Thursday. Barclays lowered their price target on Laurentian Bank of Canada from C$48.00 to C$46.00 in a report on Thursday. Cormark lowered their price target on Laurentian Bank of Canada from C$53.00 to C$45.00 in a report on Wednesday, September 5th. Desjardins lowered their price target on Laurentian Bank of Canada from C$45.00 to C$44.00 in a report on Thursday. Finally, Canaccord Genuity lowered their price target on Laurentian Bank of Canada from C$44.00 to C$40.00 in a report on Thursday, November 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of C$46.64.
Laurentian Bank of Canada (TSE:LB) last released its quarterly earnings results on Tuesday, September 4th. The company reported C$1.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$1.47 by C($0.13). The company had revenue of C$260.66 million during the quarter, compared to analyst estimates of C$267.51 million.
Laurentian Bank of Canada Company Profile
Laurentian Bank of Canada, together with its subsidiaries, provides banking services to individuals, small and medium-sized enterprises, and independent advisors in Canada and the United States. It operates through four segments: Retail Services, Business Services, B2B Bank, and Capital Markets. The company offers transactional products and current accounts, term deposits, and investment accounts; personal line of credit, personal loans, student loans, and registered retirement savings plans; financing for agriculture, real estate, and commercial industries, as well as small and medium-sized enterprises; mortgage solutions, such as variable-rate mortgage, fixed-rate mortgage, equity line of credit, mortgage insurance, and retirement line of credit; and credit and business cards, as well as equipment finance and leasing solutions.
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