Bank of Nova Scotia (BNS) Scheduled to Post Earnings on Tuesday

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) will be posting its quarterly earnings results before the market opens on Tuesday, May 28th. Analysts expect Bank of Nova Scotia to post earnings of C$1.57 per share for the quarter.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last released its quarterly earnings results on Tuesday, February 27th. The bank reported C$1.69 EPS for the quarter, topping analysts’ consensus estimates of C$1.61 by C$0.08. Bank of Nova Scotia had a return on equity of 10.20% and a net margin of 26.75%. The company had revenue of C$8.43 billion for the quarter, compared to analysts’ expectations of C$8.12 billion.

Bank of Nova Scotia Stock Up 0.4 %

TSE:BNS opened at C$65.27 on Friday. The stock’s fifty day moving average is C$66.10 and its two-hundred day moving average is C$63.97. Bank of Nova Scotia has a 52 week low of C$55.20 and a 52 week high of C$70.40. The stock has a market capitalization of C$79.63 billion, a price-to-earnings ratio of 10.68, a price-to-earnings-growth ratio of 1.33 and a beta of 0.98.

Bank of Nova Scotia Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Tuesday, April 2nd were paid a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a yield of 6.50%. The ex-dividend date of this dividend was Monday, April 1st. Bank of Nova Scotia’s dividend payout ratio (DPR) is 69.39%.

Analysts Set New Price Targets

A number of research firms have commented on BNS. BMO Capital Markets upped their price target on Bank of Nova Scotia from C$69.00 to C$74.00 in a research note on Friday, April 5th. CIBC reduced their price objective on Bank of Nova Scotia from C$66.00 to C$64.00 and set a “neutral” rating on the stock in a research note on Friday, March 8th. Canaccord Genuity Group increased their price objective on Bank of Nova Scotia from C$65.00 to C$67.50 and gave the company a “hold” rating in a research note on Wednesday, February 28th. TD Securities reduced their price objective on Bank of Nova Scotia from C$72.00 to C$69.00 in a research note on Friday, May 10th. Finally, Jefferies Financial Group increased their price objective on Bank of Nova Scotia from C$66.00 to C$69.00 in a research note on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Bank of Nova Scotia has a consensus rating of “Hold” and an average target price of C$67.44.

About Bank of Nova Scotia

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.