Bank of Nova Scotia (BNS) Expected to Post Earnings of $1.39 Per Share
Equities analysts expect that Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) will post earnings per share of $1.39 for the current quarter, according to Zacks. Two analysts have made estimates for Bank of Nova Scotia’s earnings. The highest EPS estimate is $1.40 and the lowest is $1.36. Bank of Nova Scotia reported earnings per share of $1.32 during the same quarter last year, which would indicate a positive year over year growth rate of 5.3%. The business is expected to announce its next quarterly earnings results before the market opens on Tuesday, November 27th.
According to Zacks, analysts expect that Bank of Nova Scotia will report full year earnings of $5.43 per share for the current financial year, with EPS estimates ranging from $5.39 to $5.47. For the next financial year, analysts expect that the firm will post earnings of $5.77 per share, with EPS estimates ranging from $5.69 to $5.81. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Bank of Nova Scotia.
Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last released its quarterly earnings data on Tuesday, August 28th. The bank reported $1.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.39. Bank of Nova Scotia had a net margin of 21.55% and a return on equity of 14.62%. The firm had revenue of $7.18 billion for the quarter, compared to the consensus estimate of $7.34 billion. During the same period last year, the firm earned $1.66 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis.
NYSE BNS opened at $54.61 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.07 and a current ratio of 1.07. Bank of Nova Scotia has a 52-week low of $54.33 and a 52-week high of $66.78. The company has a market cap of $68.31 billion, a PE ratio of 10.42, a price-to-earnings-growth ratio of 1.63 and a beta of 1.27.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 29th. Shareholders of record on Tuesday, October 2nd will be paid a $0.6539 dividend. This represents a $2.62 annualized dividend and a yield of 4.79%. This is an increase from Bank of Nova Scotia’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Monday, October 1st. Bank of Nova Scotia’s dividend payout ratio (DPR) is 50.19%.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James & Associates boosted its stake in Bank of Nova Scotia by 1.9% in the second quarter. Raymond James & Associates now owns 51,024 shares of the bank’s stock valued at $2,889,000 after acquiring an additional 951 shares in the last quarter. Creative Planning boosted its stake in Bank of Nova Scotia by 7.4% in the second quarter. Creative Planning now owns 14,084 shares of the bank’s stock valued at $806,000 after acquiring an additional 971 shares in the last quarter. Coastline Trust Co boosted its stake in Bank of Nova Scotia by 24.8% in the second quarter. Coastline Trust Co now owns 6,800 shares of the bank’s stock valued at $390,000 after acquiring an additional 1,350 shares in the last quarter. Smithbridge Asset Management Inc. DE boosted its stake in Bank of Nova Scotia by 6.2% in the second quarter. Smithbridge Asset Management Inc. DE now owns 25,045 shares of the bank’s stock valued at $1,433,000 after acquiring an additional 1,455 shares in the last quarter. Finally, Nwam LLC boosted its stake in Bank of Nova Scotia by 38.9% in the second quarter. Nwam LLC now owns 5,235 shares of the bank’s stock valued at $300,000 after acquiring an additional 1,465 shares in the last quarter. Institutional investors own 46.18% of the company’s stock.
Bank of Nova Scotia Company Profile
The Bank of Nova Scotia provides various financial services in North America, Latin America, the Caribbean and Central America, and the Asia-Pacific. It 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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