Bank of Nova Scotia (BNS) to Release Earnings on Tuesday

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) is scheduled to announce its earnings results before the market opens on Tuesday, May 28th. Analysts expect the company to announce earnings of C$1.57 per share for the quarter.

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

Bank of Nova Scotia Trading Up 0.4 %

BNS opened at C$65.27 on Monday. Bank of Nova Scotia has a 12-month low of C$55.20 and a 12-month high of C$70.40. The firm has a market capitalization of C$79.63 billion, a PE ratio of 10.68, a P/E/G ratio of 1.33 and a beta of 0.98. The firm has a 50 day moving average of C$66.10 and a two-hundred day moving average of C$64.01.

Bank of Nova Scotia Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BNS shares. Royal Bank of Canada lifted their target price on shares of Bank of Nova Scotia from C$62.00 to C$64.00 and gave the company a “sector perform” rating in a report on Wednesday, February 28th. National Bankshares lifted their target price on shares of Bank of Nova Scotia from C$66.00 to C$67.00 and gave the company a “sector perform” rating in a report on Wednesday, February 28th. Canaccord Genuity Group lifted their target price on shares of Bank of Nova Scotia from C$65.00 to C$67.50 and gave the company a “hold” rating in a report on Wednesday, February 28th. CIBC cut their target price on shares of Bank of Nova Scotia from C$66.00 to C$64.00 and set a “neutral” rating for the company in a report on Friday, March 8th. Finally, Desjardins lifted their target price on shares of Bank of Nova Scotia from C$64.00 to C$68.00 and gave the company a “hold” rating in a report on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$67.44.

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.