Cormark Issues Pessimistic Outlook for TSE:LB Earnings

Published 22 hours ago• 3 minute read

– Free Report) – Cormark lowered their FY2025 earnings per share estimates for Laurentian Bank of Canada in a research report issued on Tuesday, May 20th. Cormark analyst L. Persaud now expects that the company will post earnings per share of $3.36 for the year, down from their prior estimate of $3.40. The consensus estimate for Laurentian Bank of Canada’s current full-year earnings is $3.84 per share.

LB has been the topic of a number of other reports. National Bankshares cut their target price on Laurentian Bank of Canada from C$27.00 to C$25.00 and set an “underperform” rating on the stock in a research note on Thursday. Raymond James cut their price objective on shares of Laurentian Bank of Canada from C$29.00 to C$27.00 in a research note on Monday, March 3rd. CIBC cut their price objective on shares of Laurentian Bank of Canada from C$31.00 to C$29.00 in a research note on Thursday. BMO Capital Markets cut their price objective on shares of Laurentian Bank of Canada from C$31.00 to C$30.00 in a research note on Monday, March 3rd. Finally, Scotiabank cut their price objective on shares of Laurentian Bank of Canada from C$33.00 to C$28.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 20th. Three research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of C$27.13.

Get Our Latest Stock Analysis on Laurentian Bank of Canada

LB stock opened at C$28.17 on Thursday. The stock has a market capitalization of C$1.24 billion, a price-to-earnings ratio of -224.68, a PEG ratio of 0.76 and a beta of 1.25. Laurentian Bank of Canada has a 1 year low of C$24.37 and a 1 year high of C$31.74. The stock’s fifty day moving average is C$26.96 and its two-hundred day moving average is C$27.81.

The company also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, May 1st were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 6.67%. The ex-dividend date was Tuesday, April 1st. Laurentian Bank of Canada’s payout ratio is currently -1,499.45%.

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Laurentian Bank of Canada provides personal banking, business banking and real estate and commercial financing to its personal, business, and institutional customers across Canada and the United States. The company reports three operating segments: personal, business services, and capital markets. The personal segment offers financial services to retail clients.

Earnings History and Estimates for Laurentian Bank of Canada (TSE:LB)

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