Bank of Nova Scotia (BNS) to Post Q1 2018 Earnings of $1.30 Per Share, Desjardins Forecasts
Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) – Stock analysts at Desjardins cut their Q1 2018 EPS estimates for Bank of Nova Scotia in a report released on Monday. Desjardins analyst D. Young now forecasts that the bank will post earnings per share of $1.30 for the quarter, down from their previous estimate of $1.33. Desjardins also issued estimates for Bank of Nova Scotia’s Q2 2018 earnings at $1.30 EPS, Q3 2018 earnings at $1.37 EPS and Q4 2018 earnings at $1.37 EPS.
Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last posted its quarterly earnings results on Tuesday, November 28th. The bank reported $1.32 EPS for the quarter, meeting the consensus estimate of $1.32. Bank of Nova Scotia had a net margin of 22.20% and a return on equity of 14.62%. The business had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.64 billion.
Shares of Bank of Nova Scotia (NYSE BNS) opened at $61.03 on Tuesday. Bank of Nova Scotia has a twelve month low of $53.86 and a twelve month high of $66.78. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $73,410.00, a PE ratio of 11.83, a PEG ratio of 1.38 and a beta of 1.26.
Institutional investors have recently modified their holdings of the company. Arcadia Investment Management Corp MI grew its position in shares of Bank of Nova Scotia by 320.4% in the 4th quarter. Arcadia Investment Management Corp MI now owns 1,955 shares of the bank’s stock worth $126,000 after buying an additional 1,490 shares during the last quarter. Pinebridge Investments L.P. purchased a new position in shares of Bank of Nova Scotia in the 4th quarter worth approximately $204,000. Huntington National Bank grew its position in Bank of Nova Scotia by 69.8% during the 4th quarter. Huntington National Bank now owns 2,649 shares of the bank’s stock worth $171,000 after purchasing an additional 1,089 shares during the last quarter. London Co. of Virginia purchased a new stake in Bank of Nova Scotia during the 4th quarter worth approximately $200,000. Finally, Partnervest Advisory Services LLC purchased a new stake in Bank of Nova Scotia during the 4th quarter worth approximately $201,000. 46.29% of the stock is currently owned by hedge funds and other institutional investors.
The company also recently disclosed a quarterly dividend, which was paid on Monday, January 29th. Stockholders of record on Tuesday, January 2nd were given a $0.617 dividend. This represents a $2.47 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date of this dividend was Friday, December 29th. Bank of Nova Scotia’s payout ratio is currently 49.61%.
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.
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