Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Research analysts at Cormark decreased their FY2018 earnings estimates for shares of Bank of Nova Scotia in a research note issued on Wednesday. Cormark analyst M. Grauman now forecasts that the bank will post earnings per share of $6.86 for the year, down from their prior forecast of $6.99. Cormark also issued estimates for Bank of Nova Scotia’s Q1 2019 earnings at $1.77 EPS, Q2 2019 earnings at $1.79 EPS, Q3 2019 earnings at $1.89 EPS, Q4 2019 earnings at $1.90 EPS and FY2019 earnings at $7.36 EPS.

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 for the quarter, missing the Zacks’ consensus estimate of C$1.68 by C($0.03). The company had revenue of C$6.81 billion for the quarter, compared to the consensus estimate of C$7.05 billion. Bank of Nova Scotia had a net margin of 30.50% and a return on equity of 14.91%. During the same quarter last year, the company earned $1.58 EPS.

A number of other brokerages also recently weighed in on BNS. Citigroup increased their price objective on shares of Bank of Nova Scotia from C$90.00 to C$93.00 in a research report on Friday, November 17th. Canaccord Genuity increased their price objective on shares of Bank of Nova Scotia from C$88.00 to C$92.00 in a research report on Wednesday, November 1st. CIBC increased their price objective on shares of Bank of Nova Scotia from C$87.00 to C$93.00 in a research report on Monday, November 13th. Royal Bank Of Canada increased their price objective on shares of Bank of Nova Scotia from C$87.00 to C$91.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, National Bank Financial increased their price objective on shares of Bank of Nova Scotia from C$86.00 to C$88.00 and gave the company an “outperform” rating in a research report on Wednesday. Eight analysts have rated the stock with a buy rating, Bank of Nova Scotia has an average rating of “Buy” and a consensus price target of C$88.38.

Shares of Bank of Nova Scotia (BNS) traded up C$0.33 during trading on Thursday, reaching C$81.84. 1,739,702 shares of the company were exchanged, compared to its average volume of 2,143,457. Bank of Nova Scotia has a 12 month low of C$73.31 and a 12 month high of C$85.50.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Tuesday, January 2nd will be issued a dividend of $0.79 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $3.16 dividend on an annualized basis and a yield of 3.86%. Bank of Nova Scotia’s dividend payout ratio is currently 47.00%.

In other Bank of Nova Scotia news, insider Kyle Mcnamara sold 3,036 shares of the company’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of C$80.53, for a total transaction of C$244,489.08. 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 ninety days, insiders have sold 10,364 shares of company stock valued at $807,789.

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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.

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

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