Bank of Nova Scotia (BNS) Expected to Announce Earnings on Tuesday

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) is expected to be issuing 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. Individual interested in listening to the company’s earnings conference call can do so using this link.

Bank of Nova Scotia Stock Up 0.1 %

Shares of NYSE BNS opened at $51.22 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.59. The firm has a market cap of $63.80 billion, a PE ratio of 11.86, a P/E/G ratio of 1.15 and a beta of 1.07. The company’s fifty day simple moving average is $52.51 and its 200 day simple moving average is $52.13. Bank of Nova Scotia has a 12-month low of $43.67 and a 12-month high of $57.07.

Bank of Nova Scotia Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Tuesday, January 7th were given a dividend of $0.7535 per share. The ex-dividend date of this dividend was Tuesday, January 7th. This represents a $3.01 dividend on an annualized basis and a dividend yield of 5.88%. Bank of Nova Scotia’s dividend payout ratio (DPR) is presently 68.29%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. UBS Group raised Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a research note on Monday, November 18th. Bank of America raised Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 19th. TD Securities raised shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Barclays upgraded shares of Bank of Nova Scotia from an “underweight” rating to an “equal weight” rating in a report on Thursday, November 21st. Finally, Canaccord Genuity Group upgraded shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating in a report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Bank of Nova Scotia currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.00.

About Bank of Nova Scotia

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.