The Bank of Nova Scotia to Post FY2025 Earnings of $5.13 Per Share, Cormark Forecasts (NYSE:BNS)

The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) – Investment analysts at Cormark increased their FY2025 EPS estimates for shares of Bank of Nova Scotia in a research note issued on Wednesday, August 28th. Cormark analyst L. Persaud now anticipates that the bank will post earnings per share of $5.13 for the year, up from their previous forecast of $5.04. The consensus estimate for Bank of Nova Scotia’s current full-year earnings is $4.80 per share.

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

Several other analysts also recently weighed in on the stock. UBS Group started coverage on shares of Bank of Nova Scotia in a research report on Tuesday, July 2nd. They issued a “neutral” rating on the stock. StockNews.com downgraded shares of Bank of Nova Scotia from a “hold” rating to a “sell” rating in a research report on Wednesday, May 29th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $69.00.

Bank of Nova Scotia Trading Up 0.3 %

NYSE BNS opened at $50.03 on Monday. Bank of Nova Scotia has a one year low of $39.79 and a one year high of $51.98. The company has a 50-day simple moving average of $46.71 and a 200-day simple moving average of $47.60. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.03 and a current ratio of 1.02. The firm has a market capitalization of $61.90 billion, a PE ratio of 11.27, a price-to-earnings-growth ratio of 1.58 and a beta of 1.04.

Bank of Nova Scotia Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 29th. Shareholders of record on Wednesday, October 2nd will be given a dividend of $0.768 per share. The ex-dividend date is Wednesday, October 2nd. This represents a $3.07 dividend on an annualized basis and a dividend yield of 6.14%. Bank of Nova Scotia’s dividend payout ratio (DPR) is 69.82%.

Institutional Trading of Bank of Nova Scotia

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Mather Group LLC. raised its position in shares of Bank of Nova Scotia by 1,388.9% during the 2nd quarter. Mather Group LLC. now owns 536 shares of the bank’s stock worth $25,000 after buying an additional 500 shares in the last quarter. Blue Trust Inc. grew its stake 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 worth $27,000 after purchasing an additional 563 shares during the last quarter. Bruce G. Allen Investments LLC grew its stake in shares of Bank of Nova Scotia by 70.6% in the 1st quarter. Bruce G. Allen Investments LLC now owns 585 shares of the bank’s stock worth $30,000 after purchasing an additional 242 shares during the last quarter. Global Retirement Partners LLC grew its stake in shares of Bank of Nova Scotia by 144.6% in the 1st quarter. Global Retirement Partners LLC now owns 959 shares of the bank’s stock worth $50,000 after purchasing an additional 567 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Bank of Nova Scotia in the 1st quarter worth approximately $53,000. 49.13% of the stock is currently owned by institutional investors.

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.