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

Bank of Nova Scotia (NYSE:BNS) (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 participating in the company’s conference call can do so using this link.

Bank of Nova Scotia Stock Performance

Shares of BNS stock opened at $50.46 on Friday. The company has a 50 day moving average price of $52.04 and a 200-day moving average price of $52.28. Bank of Nova Scotia has a 52 week low of $43.67 and a 52 week high of $57.07. The firm has a market capitalization of $62.84 billion, a PE ratio of 11.68, a P/E/G ratio of 1.16 and a beta of 1.07. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.59.

Bank of Nova Scotia Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Tuesday, January 7th were paid a $0.7535 dividend. The ex-dividend date was Tuesday, January 7th. This represents a $3.01 dividend on an annualized basis and a dividend yield of 5.97%. Bank of Nova Scotia’s dividend payout ratio is presently 68.29%.

Wall Street Analyst Weigh In

BNS has been the subject of a number of research analyst reports. CIBC reiterated a “neutral” rating on shares of Bank of Nova Scotia in a research note on Tuesday, February 18th. Barclays upgraded shares of Bank of Nova Scotia from an “underweight” rating to an “equal weight” rating in a research note on Thursday, November 21st. Canaccord Genuity Group upgraded shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. TD Securities upgraded shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Finally, UBS Group upgraded shares of Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a research note on Monday, November 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $72.00.

Bank of Nova Scotia Company Profile

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.