Bank of Nova Scotia to Post FY2019 Earnings of $7.38 Per Share, Desjardins Forecasts (BNS)

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Desjardins lowered their FY2019 earnings per share (EPS) estimates for shares of Bank of Nova Scotia in a research note issued on Monday. Desjardins analyst D. Young now expects that the bank will post earnings per share of $7.38 for the year, down from their previous forecast of $7.40.

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). The firm had revenue of C$6.81 billion during the quarter, compared to the consensus estimate of C$7.05 billion. Bank of Nova Scotia had a return on equity of 14.64% and a net margin of 30.39%. During the same quarter in the previous year, the company earned $1.58 earnings per share.

BNS has been the subject of a number of other reports. Citigroup upped their price target on shares of Bank of Nova Scotia from C$90.00 to C$93.00 in a research report on Friday, November 17th. CSFB upped their price target on shares of Bank of Nova Scotia from C$84.00 to C$86.00 in a research report on Friday, January 19th. BMO Capital Markets set a C$86.00 price target on shares of Bank of Nova Scotia and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Royal Bank of Canada upped their price target on shares of 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, November 29th. Finally, Canaccord Genuity upped their price target on shares of Bank of Nova Scotia from C$88.00 to C$92.00 in a research report on Wednesday, November 1st. Eight analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average target price of C$89.25.

Bank of Nova Scotia (BNS) traded up C$0.86 on Wednesday, hitting C$77.73. 1,220,487 shares of the company’s stock were exchanged, compared to its average volume of 2,189,952. The company has a market capitalization of $93,160.00, a price-to-earnings ratio of 11.97 and a beta of 0.86. Bank of Nova Scotia has a fifty-two week low of C$73.31 and a fifty-two week high of C$85.50.

In other news, insider Barbara Frances Mason sold 20,000 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of C$82.60, for a total value of C$1,652,000.00.

The business also recently announced a quarterly dividend, which was paid on Monday, January 29th. Stockholders of record on Tuesday, January 2nd were issued a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 4.07%. The ex-dividend date of this dividend was Friday, December 29th. Bank of Nova Scotia’s dividend payout ratio (DPR) is presently 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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