Bank of Nova Scotia (BNS) to Post Q1 2018 Earnings of $1.71 Per Share, Desjardins Forecasts
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.
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