Bank of Nova Scotia (BNS) Set to Announce Earnings on Tuesday
Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) will be releasing its earnings data before the market opens on Tuesday, November 28th. Analysts expect Bank of Nova Scotia to post earnings of $1.33 per share for the quarter.
Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last announced its quarterly earnings results on Tuesday, August 29th. The bank reported $1.27 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.38). Bank of Nova Scotia had a net margin of 22.26% and a return on equity of 14.54%. The company had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.28 billion. During the same quarter last year, the business earned $1.54 EPS. On average, analysts expect Bank of Nova Scotia to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Bank of Nova Scotia (NYSE:BNS) opened at $66.16 on Friday. Bank of Nova Scotia has a twelve month low of $53.63 and a twelve month high of $66.78. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $79,261.52, a P/E ratio of 13.50, a price-to-earnings-growth ratio of 1.56 and a beta of 1.28.
The business also recently declared a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Tuesday, October 3rd were issued a dividend of $0.6294 per share. This represents a $2.52 annualized dividend and a yield of 3.81%. The ex-dividend date of this dividend was Monday, October 2nd. This is an increase from Bank of Nova Scotia’s previous quarterly dividend of $0.56. Bank of Nova Scotia’s dividend payout ratio (DPR) is 50.62%.
Several equities research analysts have recently weighed in on BNS shares. Zacks Investment Research cut Bank of Nova Scotia from a “buy” rating to a “sell” rating in a research report on Tuesday, October 31st. Scotiabank reissued a “buy” rating and issued a $88.00 price objective on shares of Bank of Nova Scotia in a research report on Wednesday, August 30th. Macquarie started coverage on Bank of Nova Scotia in a research report on Tuesday, October 24th. They issued an “outperform” rating for the company. Canaccord Genuity set a $87.00 price objective on Bank of Nova Scotia and gave the company a “buy” rating in a research report on Tuesday, August 29th. Finally, BidaskClub raised Bank of Nova Scotia from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. One analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company. Bank of Nova Scotia currently has a consensus rating of “Buy” and a consensus target price of $84.60.
About Bank of Nova Scotia
The Bank of Nova Scotia is an international bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. The Bank offers a range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.
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