Research Analysts Issue Forecasts for Bank of Nova Scotia’s Q1 2018 Earnings (BNS)

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) – Research analysts at Cormark issued their Q1 2018 EPS estimates for Bank of Nova Scotia in a report issued on Wednesday. Cormark analyst M. Grauman anticipates that the bank will earn $1.29 per share for the quarter. Cormark also issued estimates for Bank of Nova Scotia’s Q2 2018 earnings at $1.29 EPS, Q3 2018 earnings at $1.38 EPS and Q4 2018 earnings at $1.39 EPS.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last issued 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 return on equity of 14.79% and a net margin of 22.20%. The business had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.28 billion. During the same quarter in the prior year, the firm earned $1.54 EPS.

BNS has been the subject of a number of other research reports. Scotiabank restated a “buy” rating and set a $95.00 price objective on shares of Bank of Nova Scotia in a report on Wednesday, November 22nd. Zacks Investment Research cut shares of Bank of Nova Scotia from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. Canaccord Genuity set a $87.00 price objective on shares of Bank of Nova Scotia and gave the company a “buy” rating in a report on Tuesday, August 29th. BidaskClub upgraded shares of Bank of Nova Scotia from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Finally, Macquarie initiated coverage on shares of Bank of Nova Scotia in a report on Tuesday, October 24th. They set an “outperform” rating for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $85.60.

Shares of Bank of Nova Scotia (BNS) traded up $1.20 during trading hours on Friday, hitting $64.45. 707,213 shares of the stock traded hands, compared to its average volume of 524,242. Bank of Nova Scotia has a 12 month low of $53.86 and a 12 month high of $66.78. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $77,250.00, a PE ratio of 12.74, a price-to-earnings-growth ratio of 1.50 and a beta of 1.27.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Guardian Capital LP lifted its stake in Bank of Nova Scotia by 3.8% in the third quarter. Guardian Capital LP now owns 7,412,100 shares of the bank’s stock valued at $475,157,000 after buying an additional 274,366 shares in the last quarter. Guardian Capital Advisors LP lifted its stake in Bank of Nova Scotia by 0.4% in the third quarter. Guardian Capital Advisors LP now owns 517,897 shares of the bank’s stock valued at $41,734,000 after buying an additional 1,964 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in Bank of Nova Scotia by 17.6% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,656 shares of the bank’s stock valued at $427,000 after buying an additional 997 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in Bank of Nova Scotia in the third quarter valued at approximately $949,000. Finally, Zions Bancorporation lifted its stake in Bank of Nova Scotia by 20.2% in the third quarter. Zions Bancorporation now owns 6,063 shares of the bank’s stock valued at $390,000 after buying an additional 1,017 shares in the last quarter. 47.06% of the stock is currently owned by hedge funds and other institutional investors.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Tuesday, January 2nd will be paid a $0.617 dividend. This represents a $2.47 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date of this dividend is Friday, December 29th. Bank of Nova Scotia’s payout ratio is currently 48.91%.

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Bank of Nova Scotia Company Profile

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 (NYSE:BNS)

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