Q3 2018 EPS Estimates for Laurentian Bank of Canada Reduced by Cormark (LB)
Laurentian Bank of Canada (TSE:LB) – Investment analysts at Cormark dropped their Q3 2018 earnings per share estimates for shares of Laurentian Bank of Canada in a research note issued to investors on Thursday. Cormark analyst M. Grauman now forecasts that the company will post earnings of $1.56 per share for the quarter, down from their previous forecast of $1.58. Cormark also issued estimates for Laurentian Bank of Canada’s Q4 2018 earnings at $1.54 EPS, FY2018 earnings at $6.05 EPS, Q1 2019 earnings at $1.62 EPS, Q2 2019 earnings at $1.53 EPS, Q3 2019 earnings at $1.73 EPS, Q4 2019 earnings at $1.75 EPS and FY2019 earnings at $6.65 EPS.
Other research analysts have also recently issued research reports about the company. Desjardins decreased their target price on Laurentian Bank of Canada from C$59.00 to C$57.00 in a research note on Tuesday, January 16th. CSFB decreased their target price on Laurentian Bank of Canada from C$57.00 to C$55.00 in a research note on Tuesday, January 9th. CIBC decreased their target price on Laurentian Bank of Canada from C$66.00 to C$60.00 in a research note on Monday, December 11th. Barclays upped their target price on Laurentian Bank of Canada from C$57.00 to C$62.00 in a report on Wednesday, December 6th. Finally, TD Securities raised Laurentian Bank of Canada from a “hold” rating to a “buy” rating and upped their target price for the company from C$62.00 to C$63.00 in a report on Wednesday, December 6th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of C$56.40.
Laurentian Bank of Canada (TSE:LB) last announced its earnings results on Tuesday, December 5th. The company reported C$1.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$1.54 by C$0.09. Laurentian Bank of Canada had a return on equity of 11.79% and a net margin of 21.88%. The business had revenue of C$267.97 million during the quarter, compared to analysts’ expectations of C$257.83 million. COPYRIGHT VIOLATION WARNING: “Q3 2018 EPS Estimates for Laurentian Bank of Canada Reduced by Cormark (LB)” was originally published by Daily Political and is owned by of Daily Political. If you are viewing this story on another site, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this story can be accessed at https://www.dailypolitical.com/2018/03/04/q3-2018-eps-estimates-for-laurentian-bank-of-canada-reduced-by-cormark-lb.html.
Laurentian Bank of Canada Company Profile
Laurentian Bank of Canada is a Canada-based Chartered bank. The Bank and its subsidiaries provide banking services to individuals, and small and medium-sized enterprises, as well as to independent advisors across Canada. It also operates as a full-service brokerage firm. The Bank’s loan portfolio consists of personal loans, residential mortgage loans, commercial mortgage loans and commercial loans, including acceptances and finance lease receivables.
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