Bank of Nova Scotia (NYSE:BNS - Get Free Report) TSE: BNS is projected to issue its quarterly earnings data before the market opens on Tuesday, February 25th. Analysts expect the company to announce earnings of $1.17 per share and revenue of $8.86 billion for the quarter. Parties interested in registering for the company's conference call can do so using this link.
Bank of Nova Scotia Stock Down 1.3 %
NYSE BNS traded down $0.68 on Friday, hitting $50.46. 1,511,828 shares of the stock traded hands, compared to its average volume of 1,888,557. The stock has a 50-day moving average of $52.04 and a 200 day moving average of $52.23. Bank of Nova Scotia has a twelve month low of $43.67 and a twelve month high of $57.07. The company has a market capitalization of $62.84 billion, a P/E ratio of 11.68, a price-to-earnings-growth ratio of 1.16 and a beta of 1.07. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.59.
Bank of Nova Scotia Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Tuesday, January 7th were paid a dividend of $0.7535 per share. This represents a $3.01 annualized dividend and a yield of 5.97%. The ex-dividend date was Tuesday, January 7th. Bank of Nova Scotia's payout ratio is currently 68.29%.
Analysts Set New Price Targets
BNS has been the topic of several research reports. Cibc World Mkts cut Bank of Nova Scotia from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. TD Securities upgraded Bank of Nova Scotia from a "hold" rating to a "buy" rating in a research note on Monday, November 4th. Royal Bank of Canada upped their target price on Bank of Nova Scotia from $65.00 to $74.00 and gave the company a "sector perform" rating in a report on Wednesday, December 4th. Barclays raised Bank of Nova Scotia from an "underweight" rating to an "equal weight" rating in a report on Thursday, November 21st. Finally, CIBC reaffirmed a "neutral" rating on shares of Bank of Nova Scotia in a report on Tuesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $72.00.
Check Out Our Latest Stock Report on BNS
Bank of Nova Scotia Company Profile
(
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The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments.
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