Bank of Nova Scotia to Post Q1 2018 Earnings of $1.65 Per Share, Cormark Forecasts (BNS)

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Equities researchers at Cormark issued their Q1 2018 EPS estimates for Bank of Nova Scotia in a research note issued to investors on Wednesday. Cormark analyst M. Grauman forecasts that the bank will earn $1.65 per share for the quarter. Cormark also issued estimates for Bank of Nova Scotia’s Q2 2018 earnings at $1.66 EPS, Q3 2018 earnings at $1.77 EPS and Q4 2018 earnings at $1.78 EPS.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its earnings results on Tuesday, November 28th. The bank reported C$1.65 earnings per share for the quarter, missing the Zacks’ 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 company had revenue of C$6.81 billion during the quarter, compared to the consensus estimate of C$7.05 billion. During the same quarter in the prior year, the business earned $1.58 EPS.

A number of other research analysts have also weighed in on the company. Citigroup raised their target price on Bank of Nova Scotia from C$90.00 to C$93.00 in a report on Friday, November 17th. National Bank Financial raised their target price on Bank of Nova Scotia from C$85.00 to C$86.00 and gave the company an “outperform” rating in a report on Wednesday, August 30th. Scotiabank dropped their price target on Bank of Nova Scotia from C$89.00 to C$88.00 and set an “outperform” rating on the stock in a report on Wednesday, August 30th. CIBC lifted their price target on Bank of Nova Scotia from C$85.00 to C$87.00 in a report on Wednesday, August 30th. Finally, BMO Capital Markets lifted their price target on Bank of Nova Scotia from C$83.00 to C$85.00 and gave the stock an “outperform” rating in a report on Wednesday, August 30th. Eight research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus price target of C$88.38.

Bank of Nova Scotia (TSE:BNS) traded down C$0.19 during mid-day trading on Friday, 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 52 week low of C$73.25 and a 52 week high of C$85.50.

In other Bank of Nova Scotia news, insider Deborah Alexander sold 7,114 shares of the business’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of C$76.76, for a total value of C$546,070.64. Also, insider Kyle Mcnamara sold 3,036 shares of the business’s stock in a transaction on Wednesday, October 4th. The shares were 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 quarter.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 29th. Investors of record on Tuesday, January 2nd will be issued a dividend of $0.79 per share. The ex-dividend date is Friday, December 29th. This represents a $3.16 dividend on an annualized basis and a yield of 3.88%. Bank of Nova Scotia’s dividend payout ratio (DPR) is currently 46.22%.

TRADEMARK VIOLATION WARNING: “Bank of Nova Scotia to Post Q1 2018 Earnings of $1.65 Per Share, Cormark Forecasts (BNS)” was posted by American Banking News and is the property of of American Banking News. If you are reading this story on another domain, it was illegally stolen and republished in violation of US & international copyright & trademark laws. The legal version of this story can be read at https://www.americanbankingnews.com/2017/12/01/bank-of-nova-scotia-to-post-q1-2018-earnings-of-1-65-per-share-cormark-forecasts-bns.html.

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)

Receive News & Ratings for Bank of Nova Scotia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Nova Scotia and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply