Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Stock analysts at Desjardins dropped their Q1 2018 earnings estimates for 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 $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.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last announced its quarterly earnings data on Tuesday, November 28th. The bank reported C$1.65 EPS for the quarter, missing the consensus estimate of C$1.68 by C($0.03). The company 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 period in the prior year, the firm posted $1.58 EPS.

Other equities analysts also recently issued research reports about the stock. BMO Capital Markets reiterated 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 lifted 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 lifted 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 lifted 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 lifted their target price on shares of Bank of Nova Scotia from C$86.00 to C$88.00 and gave the stock 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$76.87 on Tuesday. The company has a market cap of $92,210.00, a PE ratio of 11.84 and a beta of 0.86. Bank of Nova Scotia has a 12-month low of C$73.31 and a 12-month high of C$85.50.

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 29th. Investors of record on Tuesday, January 2nd were paid a dividend of $0.79 per share. The ex-dividend date of this dividend was Friday, December 29th. This represents a $3.16 annualized dividend and a yield of 4.11%. Bank of Nova Scotia’s dividend payout ratio is currently 47.00%.

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

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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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