Bank of Nova Scotia (BNS) Scheduled to Post Quarterly Earnings on Tuesday

Bank of Nova Scotia (NYSE:BNSGet Rating) (TSE:BNS) will be announcing its earnings results before the market opens on Tuesday, November 29th. Analysts expect the company to announce earnings of $1.57 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Bank of Nova Scotia (NYSE:BNSGet Rating) (TSE:BNS) last announced its earnings results on Tuesday, August 23rd. The bank reported $1.63 EPS for the quarter, meeting analysts’ consensus estimates of $1.63. The company had revenue of $6.06 billion during the quarter, compared to the consensus estimate of $6.25 billion. Bank of Nova Scotia had a return on equity of 15.73% and a net margin of 24.43%. On average, analysts expect Bank of Nova Scotia to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Bank of Nova Scotia Price Performance

Shares of Bank of Nova Scotia stock opened at $52.15 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.47. The company has a market cap of $62.13 billion, a PE ratio of 7.93, a P/E/G ratio of 1.58 and a beta of 0.97. The business has a 50 day moving average of $49.56 and a 200 day moving average of $56.78. Bank of Nova Scotia has a 52 week low of $45.26 and a 52 week high of $74.86.

Institutional Investors Weigh In On Bank of Nova Scotia

Institutional investors have recently modified their holdings of the business. Cetera Investment Advisers lifted its holdings in Bank of Nova Scotia by 3.7% in the first quarter. Cetera Investment Advisers now owns 5,548 shares of the bank’s stock valued at $398,000 after acquiring an additional 196 shares during the period. Guggenheim Capital LLC lifted its holdings in Bank of Nova Scotia by 1.5% in the first quarter. Guggenheim Capital LLC now owns 16,443 shares of the bank’s stock valued at $1,179,000 after acquiring an additional 250 shares during the period. Evergreen Capital Management LLC lifted its holdings in Bank of Nova Scotia by 3.6% in the first quarter. Evergreen Capital Management LLC now owns 7,669 shares of the bank’s stock valued at $550,000 after acquiring an additional 270 shares during the period. Brinker Capital Investments LLC lifted its holdings in Bank of Nova Scotia by 4.7% in the first quarter. Brinker Capital Investments LLC now owns 7,887 shares of the bank’s stock valued at $566,000 after acquiring an additional 356 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in Bank of Nova Scotia by 2.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 18,359 shares of the bank’s stock valued at $1,317,000 after acquiring an additional 475 shares during the period. 45.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BNS. Canaccord Genuity Group reduced their price target on Bank of Nova Scotia from C$92.00 to C$89.00 and set a “buy” rating on the stock in a research note on Thursday, August 18th. Credit Suisse Group reduced their price target on Bank of Nova Scotia from C$85.00 to C$84.00 in a research note on Wednesday, August 24th. Royal Bank of Canada cut Bank of Nova Scotia from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, August 24th. TD Securities reduced their price target on Bank of Nova Scotia from C$84.00 to C$83.00 in a research note on Wednesday, August 24th. Finally, Scotiabank reduced their price target on Bank of Nova Scotia from C$90.00 to C$85.00 and set a “sector perform” rating on the stock in a research note on Friday. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $90.84.

Bank of Nova Scotia Company Profile

(Get Rating)

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 in four segments: Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets.

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Earnings History for Bank of Nova Scotia (NYSE:BNS)

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