Bank of Nova Scotia (BNS) to Post Q1 2018 Earnings of $1.64 Per Share, Desjardins Forecasts

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Equities research analysts at Desjardins decreased their Q1 2018 EPS estimates for shares of Bank of Nova Scotia in a research note issued on Monday. Desjardins analyst D. Young now forecasts that the bank will post earnings per share of $1.64 for the quarter, down from their prior forecast of $1.71. Desjardins also issued estimates for Bank of Nova Scotia’s Q4 2018 earnings at $1.74 EPS and FY2018 earnings at $6.77 EPS.

BNS has been the topic of several other research reports. BMO Capital Markets restated an “outperform” rating and issued a C$86.00 target price on shares of Bank of Nova Scotia in a research note on Wednesday, December 6th. CSFB boosted their target price on shares of Bank of Nova Scotia from C$84.00 to C$86.00 in a research note on Friday, January 19th. Citigroup boosted their target price on shares of Bank of Nova Scotia from C$90.00 to C$93.00 in a research note on Friday, November 17th. Canaccord Genuity boosted their target price on shares of Bank of Nova Scotia from C$88.00 to C$92.00 in a research note on Wednesday, November 1st. Finally, National Bank Financial boosted their target price on shares of Bank of Nova Scotia from C$86.00 to C$88.00 and gave the company an “outperform” rating in a research note on Wednesday, November 29th. Eight equities research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus target price of C$89.17.

Shares of Bank of Nova Scotia (TSE:BNS) opened at C$77.02 on Tuesday. Bank of Nova Scotia has a 52 week low of C$73.31 and a 52 week high of C$85.50. The company has a market cap of $92,390.00, a price-to-earnings ratio of 11.87 and a beta of 0.86.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its quarterly 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 return on equity of 14.64% and a net margin of 30.39%. The business had revenue of C$6.81 billion for the quarter, compared to analyst estimates of C$7.05 billion. During the same quarter in the prior year, the firm earned $1.58 EPS.

In related news, insider Barbara Frances Mason sold 20,000 shares of Bank of Nova Scotia stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of C$82.60, for a total value of C$1,652,000.00.

The firm also recently declared a quarterly dividend, which was paid on Monday, January 29th. Investors of record on Tuesday, January 2nd were issued a $0.79 dividend. The ex-dividend date of this dividend was Friday, December 29th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 4.10%. Bank of Nova Scotia’s dividend payout ratio is 47.00%.

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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 (TSE:BNS)

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