Desjardins Has Optimistic Outlook of BNS FY2025 Earnings

The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) – Stock analysts at Desjardins increased their FY2025 EPS estimates for Bank of Nova Scotia in a research report issued to clients and investors on Friday, November 1st. Desjardins analyst D. Young now expects that the bank will earn $5.15 per share for the year, up from their previous forecast of $5.08. The consensus estimate for Bank of Nova Scotia’s current full-year earnings is $4.80 per share. Desjardins also issued estimates for Bank of Nova Scotia’s FY2026 earnings at $5.83 EPS.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last released its quarterly earnings results on Tuesday, August 27th. The bank reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.01. The firm had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.53 billion. Bank of Nova Scotia had a return on equity of 11.14% and a net margin of 9.84%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted $1.30 EPS.

Several other equities analysts have also recently weighed in on the stock. TD Securities raised shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research note on Monday. Cibc World Mkts raised shares of Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 20th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $69.00.

Bank of Nova Scotia Stock Up 0.2 %

Shares of Bank of Nova Scotia stock opened at $53.13 on Monday. The firm has a market cap of $65.75 billion, a PE ratio of 12.71, a P/E/G ratio of 1.54 and a beta of 1.05. The business’s 50 day simple moving average is $52.36 and its 200 day simple moving average is $48.71. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.02 and a current ratio of 1.02. Bank of Nova Scotia has a 52-week low of $41.80 and a 52-week high of $55.12.

Hedge Funds Weigh In On Bank of Nova Scotia

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Mather Group LLC. raised its position in Bank of Nova Scotia by 1,388.9% during the second quarter. Mather Group LLC. now owns 536 shares of the bank’s stock worth $25,000 after acquiring an additional 500 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Bank of Nova Scotia by 3,127.8% in the 2nd quarter. Blue Trust Inc. now owns 581 shares of the bank’s stock valued at $27,000 after purchasing an additional 563 shares during the period. Headlands Technologies LLC bought a new stake in shares of Bank of Nova Scotia in the 1st quarter valued at about $53,000. City State Bank acquired a new stake in Bank of Nova Scotia in the 3rd quarter valued at about $57,000. Finally, EverSource Wealth Advisors LLC increased its position in Bank of Nova Scotia by 102.1% during the first quarter. EverSource Wealth Advisors LLC now owns 1,605 shares of the bank’s stock worth $83,000 after buying an additional 811 shares during the last quarter. 49.13% of the stock is owned by institutional investors.

Bank of Nova Scotia Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 29th. Stockholders of record on Wednesday, October 2nd were paid a dividend of $0.768 per share. This represents a $3.07 dividend on an annualized basis and a dividend yield of 5.78%. The ex-dividend date of this dividend was Wednesday, October 2nd. Bank of Nova Scotia’s dividend payout ratio is currently 74.88%.

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.