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

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) is projected to release its earnings data before the market opens on Tuesday, February 25th. Analysts expect Bank of Nova Scotia to post earnings of $1.17 per share and revenue of $8.86 billion for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Bank of Nova Scotia Trading Down 1.3 %

NYSE:BNS 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 12 month low of $43.67 and a 12 month high of $57.07. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.59. The stock has a market cap of $62.84 billion, a price-to-earnings ratio of 11.68, a P/E/G ratio of 1.16 and a beta of 1.07.

Bank of Nova Scotia Cuts Dividend

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

Wall Street Analyst Weigh In

BNS has been the subject of several research reports. 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. 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. 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. 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. Finally, Cibc World Mkts lowered shares of Bank of Nova Scotia from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price 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.