Bank of Nova Scotia (BNS) Set to Announce Quarterly Earnings on Tuesday

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) is set to release its earnings data before the market opens on Tuesday, May 28th. Analysts expect Bank of Nova Scotia to post earnings of $1.14 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last released its quarterly earnings results on Tuesday, February 27th. The bank reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.06. The business had revenue of $14.13 billion for the quarter, compared to analyst estimates of $6.01 billion. Bank of Nova Scotia had a net margin of 10.71% and a return on equity of 11.51%. During the same period last year, the firm earned $1.37 earnings per share. On average, analysts expect Bank of Nova Scotia to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Bank of Nova Scotia Trading Up 1.1 %

Shares of Bank of Nova Scotia stock opened at $47.78 on Friday. The company has a market capitalization of $58.75 billion, a price-to-earnings ratio of 10.57, a PEG ratio of 1.82 and a beta of 1.06. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.56. Bank of Nova Scotia has a 12-month low of $39.79 and a 12-month high of $51.98. The firm’s 50-day moving average price is $48.43 and its two-hundred day moving average price is $47.21.

Bank of Nova Scotia Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Tuesday, April 2nd were paid a dividend of $0.7843 per share. This represents a $3.14 dividend on an annualized basis and a yield of 6.57%. This is an increase from Bank of Nova Scotia’s previous quarterly dividend of $0.78. The ex-dividend date was Monday, April 1st. Bank of Nova Scotia’s dividend payout ratio is presently 69.47%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on BNS shares. Barclays started coverage on shares of Bank of Nova Scotia in a research note on Wednesday, March 20th. They set an “underweight” rating and a $70.00 price objective on the stock. Jefferies Financial Group started coverage on shares of Bank of Nova Scotia in a research note on Thursday, February 22nd. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $68.00.

Bank of Nova Scotia Company Profile

The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments.