Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Investment analysts at Desjardins increased their FY2019 earnings per share (EPS) estimates for Bank of Nova Scotia in a research note issued on Tuesday. Desjardins analyst D. Young now expects that the bank will post earnings of $7.40 per share for the year, up from their previous forecast of $7.34.
A number of other equities research analysts also recently weighed in on BNS. Barclays lifted their price target on shares of Bank of Nova Scotia from C$86.00 to C$88.00 in a research report on Friday, August 11th. BMO Capital Markets lifted their price objective on shares of Bank of Nova Scotia from C$83.00 to C$85.00 and gave the company an “outperform” rating in a research note on Wednesday, August 30th. CIBC boosted their target price on shares of Bank of Nova Scotia from C$85.00 to C$87.00 in a research note on Wednesday, August 30th. National Bank Financial boosted their target price on shares of Bank of Nova Scotia from C$85.00 to C$86.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 30th. Finally, Scotiabank decreased their target price on shares of Bank of Nova Scotia from C$89.00 to C$88.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 30th. Eight equities research analysts have rated the stock with a buy rating, Bank of Nova Scotia presently has an average rating of “Buy” and a consensus target price of C$88.46.
Shares of Bank of Nova Scotia (BNS) traded up C$0.82 during mid-day trading on Friday, reaching C$83.60. 1,518,000 shares of the company’s stock traded hands, compared to its average volume of 2,135,422. Bank of Nova Scotia has a 1 year low of C$73.31 and a 1 year high of C$85.50.
Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued its quarterly earnings data on Tuesday, November 28th. The bank reported C$1.65 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$1.68 by C($0.03). The company had revenue of C$6.81 billion for the quarter, compared to analyst estimates of C$7.05 billion. Bank of Nova Scotia had a return on equity of 14.91% and a net margin of 30.50%. During the same quarter last year, the business earned $1.58 earnings per share.
In related news, insider Barbara Frances Mason sold 20,000 shares of the company’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. Also, insider Deborah Alexander sold 7,114 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of C$76.76, for a total transaction of C$546,070.64. Over the last three months, insiders have sold 30,364 shares of company stock valued at $2,459,789.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Stockholders of record on Tuesday, January 2nd will be given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend is Friday, December 29th. Bank of Nova Scotia’s payout ratio is presently 47.00%.
COPYRIGHT VIOLATION WARNING: “FY2019 EPS Estimates for Bank of Nova Scotia (BNS) Lifted by Desjardins” was posted by The Lincolnian Online and is owned by of The Lincolnian Online. If you are reading this piece on another publication, it was copied illegally and republished in violation of United States and international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.thelincolnianonline.com/2017/12/09/fy2019-eps-estimates-for-bank-of-nova-scotia-bns-lifted-by-desjardins.html.
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.
Receive News & Ratings for Bank of Nova Scotia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Nova Scotia and related companies with MarketBeat.com's FREE daily email newsletter.