Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Investment analysts at Desjardins issued their Q1 2018 EPS estimates for Bank of Nova Scotia in a research note issued to investors on Tuesday. Desjardins analyst D. Young expects that the bank will post earnings of $1.71 per share for the quarter. Desjardins also issued estimates for Bank of Nova Scotia’s Q2 2018 earnings at $1.65 EPS, Q3 2018 earnings at $1.73 EPS, Q4 2018 earnings at $1.71 EPS, FY2018 earnings at $6.80 EPS and FY2019 earnings at $7.34 EPS.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last released its quarterly earnings data on Tuesday, November 28th. The bank reported C$1.65 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.68 by C($0.03). Bank of Nova Scotia had a return on equity of 14.91% and a net margin of 30.50%. The company had revenue of C$6.81 billion for the quarter, compared to analyst estimates of C$7.05 billion. During the same quarter in the prior year, the company earned $1.58 earnings per share.

A number of other brokerages have also recently issued reports on BNS. National Bank Financial raised their target price on Bank of Nova Scotia from C$85.00 to C$86.00 and gave the stock an “outperform” rating in a report on Wednesday, August 30th. Citigroup raised their price target on Bank of Nova Scotia from C$90.00 to C$93.00 in a research report on Friday, November 17th. Scotiabank dropped their price target on Bank of Nova Scotia from C$89.00 to C$88.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 30th. CIBC raised their price target on Bank of Nova Scotia from C$85.00 to C$87.00 in a research report on Wednesday, August 30th. Finally, BMO Capital Markets raised their price target on Bank of Nova Scotia from C$83.00 to C$85.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 30th. Eight investment analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average target price of C$88.38.

Shares of Bank of Nova Scotia (TSE BNS) traded down C$0.03 during mid-day trading on Thursday, hitting C$81.70. The stock had a trading volume of 1,735,133 shares, compared to its average volume of 2,141,604. Bank of Nova Scotia has a 12 month low of C$73.25 and a 12 month high of C$85.50.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Tuesday, January 2nd will be given a $0.79 dividend. The ex-dividend date is Friday, December 29th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 3.87%. Bank of Nova Scotia’s dividend payout ratio (DPR) is presently 46.73%.

In related news, insider Deborah Alexander sold 7,114 shares of the company’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of C$76.76, for a total transaction of C$546,070.64. Also, insider Kyle Mcnamara sold 3,036 shares of the company’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of C$80.53, for a total value of C$244,489.08. Insiders sold a total of 10,364 shares of company stock worth $807,789 in the last quarter.

COPYRIGHT VIOLATION NOTICE: “Desjardins Weighs in on Bank of Nova Scotia’s Q1 2018 Earnings (BNS)” was posted by Daily Political and is owned by of Daily Political. If you are reading this article on another website, it was illegally copied and republished in violation of international trademark and copyright laws. The original version of this article can be read at https://www.dailypolitical.com/2017/11/30/desjardins-weighs-in-on-bank-of-nova-scotias-q1-2018-earnings-bns.html.

About Bank of Nova Scotia

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.

Earnings History and Estimates for Bank of Nova Scotia (TSE:BNS)

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.