Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Research analysts at Desjardins issued their Q1 2018 earnings per share estimates for shares of Bank of Nova Scotia in a research note issued on Tuesday. Desjardins analyst D. Young forecasts that the bank will earn $1.71 per share for the quarter. Desjardins also issued estimates for Bank of Nova Scotia’s Q2 2018 earnings at $1.65 EPS, Q3 2018 earnings at $1.73 EPS, Q4 2018 earnings at $1.71 EPS, FY2018 earnings at $6.80 EPS and FY2019 earnings at $7.34 EPS.

A number of other research firms also recently commented on BNS. Royal Bank Of Canada boosted their target price on Bank of Nova Scotia from C$87.00 to C$91.00 and gave the stock an “outperform” rating in a research report on Wednesday. National Bank Financial boosted their target price on Bank of Nova Scotia from C$86.00 to C$88.00 and gave the stock an “outperform” rating in a research report on Wednesday. Scotiabank decreased their target price on Bank of Nova Scotia from C$95.00 to C$94.00 and set an “outperform” rating on the stock in a research report on Wednesday. BMO Capital Markets reiterated an “outperform” rating and issued a C$85.00 target price on shares of Bank of Nova Scotia in a research report on Wednesday. Finally, Citigroup boosted their target price on Bank of Nova Scotia from C$90.00 to C$93.00 in a research report on Friday, November 17th. Eight equities research analysts have rated the stock with a buy rating, Bank of Nova Scotia has a consensus rating of “Buy” and an average price target of C$88.38.

Shares of Bank of Nova Scotia (TSE BNS) traded down C$0.19 during trading on Thursday, hitting C$81.51. The stock had a trading volume of 2,973,208 shares, compared to its average volume of 2,145,204. Bank of Nova Scotia has a fifty-two week low of C$73.25 and a fifty-two week high of C$85.50.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last announced its quarterly earnings data on Tuesday, November 28th. The bank reported C$1.65 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$1.68 by C($0.03). Bank of Nova Scotia had a net margin of 30.50% and a return on equity of 14.91%. The business had revenue of C$6.81 billion during the quarter, compared to analysts’ expectations of C$7.05 billion. During the same quarter in the previous year, the firm earned $1.58 earnings per share.

In other Bank of Nova Scotia news, insider Deborah Alexander sold 7,114 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of C$76.76, for a total transaction of C$546,070.64. Also, insider Kyle Mcnamara sold 3,036 shares of the business’s stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of C$80.53, for a total value of C$244,489.08. Insiders have sold 10,364 shares of company stock worth $807,789 over the last three months.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Tuesday, January 2nd will be paid a dividend of $0.79 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $3.16 annualized dividend and a yield of 3.88%. Bank of Nova Scotia’s payout ratio is currently 46.22%.

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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.

Earnings History and Estimates for Bank of Nova Scotia (TSE:BNS)

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