Bank of Nova Scotia (BNS) to Release Earnings on Wednesday

Bank of Nova Scotia (TSE:BNS – Get Rating) (NYSE:BNS) will be issuing its quarterly earnings data before the market opens on Wednesday, May 24th. Analysts expect the company to announce earnings of C$1.80 per share for the quarter.

Bank of Nova Scotia (TSE:BNS – Get Rating) (NYSE:BNS) last issued its earnings results on Tuesday, February 28th. The bank reported C$1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of C$2.04 by C($0.19). The firm had revenue of C$7.98 billion during the quarter, compared to analysts’ expectations of C$8.25 billion. Bank of Nova Scotia had a return on equity of 12.30% and a net margin of 30.69%.

Bank of Nova Scotia Stock Performance

BNS stock opened at C$66.53 on Monday. The company has a market capitalization of C$79.17 billion, a PE ratio of 9.19, a price-to-earnings-growth ratio of 2.97 and a beta of 0.94. Bank of Nova Scotia has a one year low of C$63.19 and a one year high of C$86.22. The company’s 50 day moving average price is C$67.03 and its two-hundred day moving average price is C$68.41.

Bank of Nova Scotia Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 26th. Shareholders of record on Tuesday, April 4th were paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 6.19%. The ex-dividend date of this dividend was Monday, April 3rd. Bank of Nova Scotia’s dividend payout ratio (DPR) is presently 56.91%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. TD Securities cut their target price on Bank of Nova Scotia from C$72.00 to C$69.00 and set a “hold” rating on the stock in a research note on Wednesday, March 1st. Fundamental Research set a C$86.76 price target on Bank of Nova Scotia and gave the stock a “buy” rating in a research note on Tuesday, March 14th. CIBC decreased their price objective on shares of Bank of Nova Scotia from C$77.00 to C$74.00 in a report on Tuesday, May 16th. BMO Capital Markets dropped their target price on shares of Bank of Nova Scotia from C$85.00 to C$75.00 in a research report on Wednesday, March 1st. Finally, Royal Bank of Canada reduced their price target on shares of Bank of Nova Scotia from C$77.00 to C$76.00 in a research report on Monday, March 27th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$76.45.

Bank of Nova Scotia Company Profile

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The Bank of Nova Scotia engages in the provision of various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through four segments: Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets.