Bank of Nova Scotia (BNS) to Post Q2 2019 Earnings of $1.77 Per Share, National Bank Financial Forec

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Equities researchers at National Bank Financial raised their Q2 2019 earnings per share estimates for Bank of Nova Scotia in a report issued on Monday, February 18th. National Bank Financial analyst G. Dechaine now anticipates that the bank will post earnings of $1.77 per share for the quarter, up from their prior estimate of $1.76. National Bank Financial currently has a “Sector Perform” rating and a $80.00 target price on the stock.

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Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued its earnings results on Tuesday, November 27th. The bank reported C$1.77 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$1.78 by C($0.01). The firm had revenue of C$7.45 billion during the quarter, compared to the consensus estimate of C$7.65 billion.

Several other equities research analysts also recently weighed in on BNS. Barclays decreased their target price on Bank of Nova Scotia from C$90.00 to C$85.00 in a research report on Friday, November 16th. Canaccord Genuity decreased their target price on Bank of Nova Scotia from C$82.50 to C$77.00 in a research report on Thursday, November 22nd. TD Securities decreased their target price on Bank of Nova Scotia from C$88.00 to C$87.00 and set a “buy” rating for the company in a research report on Wednesday, November 28th. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$85.00 target price on shares of Bank of Nova Scotia in a research report on Wednesday, November 28th. Finally, CIBC reduced their price target on Bank of Nova Scotia from C$88.00 to C$86.00 in a report on Wednesday, November 28th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of C$85.67.

Shares of TSE BNS opened at C$75.50 on Thursday. Bank of Nova Scotia has a 1-year low of C$66.36 and a 1-year high of C$82.70. The stock has a market capitalization of $91.35 billion and a PE ratio of 11.08.

In other Bank of Nova Scotia news, Director Benita Marie Warmbold purchased 1,000 shares of Bank of Nova Scotia stock in a transaction that occurred on Monday, December 10th. The stock was purchased at an average price of C$71.57 per share, with a total value of C$71,570.00.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 29th. Investors of record on Wednesday, January 2nd were issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date was Monday, December 31st. Bank of Nova Scotia’s dividend payout ratio is currently 48.12%.

Bank of Nova Scotia Company Profile

The Bank of Nova Scotia provides various banking products and services in North America, Latin America, the Caribbean and Central America, and the Asia-Pacific. The company offers financial advice and solutions, and day-to-day banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and related creditor insurance to individuals and small businesses; and commercial banking solutions comprising lending, deposit, cash management, and trade finance solutions to medium and large businesses, including automotive dealers and their customers.

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