Factors Likely to Have Influenced Earnings Results Bank of Nova Scotia Stock Forecast, Price & News (NYSE:BNS)

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Earnings results for Bank of Nova Scotia Stock Forecast, Price & News (NYSE:BNS)

Bank of Nova Scotia (The) is estimated to report earnings on 08/25/2020. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 4 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.82. The reported EPS for the same quarter last year was $1.41.

Bank of Nova Scotia last issued its earnings results on May 26th, 2020. The bank reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.33. The firm earned $7.96 billion during the quarter, compared to analyst estimates of $7.87 billion. Its revenue for the quarter was up 2.0% compared to the same quarter last year. Bank of Nova Scotia has generated $5.37 earnings per share over the last year and currently has a price-to-earnings ratio of 9.4. Bank of Nova Scotia has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, August 25th, 2020 based off prior year’s report dates.

Analyst Opinion on Bank of Nova Scotia Stock Forecast, Price & News (NYSE:BNS)

11 Wall Street analysts have issued ratings and price targets for Bank of Nova Scotia in the last 12 months. Their average twelve-month price target is $68.05, predicting that the stock has a possible upside of 59.73%. The high price target for BNS is $82.00 and the low price target for BNS is $51.00. There are currently 1 sell rating, 6 hold ratings and 4 buy ratings for the stock, resulting in a consensus rating of “Hold.”

Bank of Nova Scotia has received a consensus rating of Hold. The company’s average rating score is 2.27, and is based on 4 buy ratings, 6 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $68.05, Bank of Nova Scotia has a forecasted upside of 59.7% from its current price of $42.60. Bank of Nova Scotia has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Bank of Nova Scotia Stock Forecast, Price & News (NYSE:BNS)

Bank of Nova Scotia is a leading dividend payer. It pays a dividend yield of 6.31%, putting its dividend yield in the top 25% of dividend-paying stocks. Bank of Nova Scotia has only been increasing its dividend for 1 years. The dividend payout ratio of Bank of Nova Scotia is 49.53%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Bank of Nova Scotia will have a dividend payout ratio of 60.45% next year. This indicates that Bank of Nova Scotia will be able to sustain or increase its dividend.

Insiders buying/selling: Bank of Nova Scotia Stock Forecast, Price & News (NYSE:BNS)

In the past three months, Bank of Nova Scotia insiders have not sold or bought any company stock. 47.33% of the stock of Bank of Nova Scotia is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Bank of Nova Scotia Stock Forecast, Price & News (NYSE:BNS

Earnings for Bank of Nova Scotia are expected to grow by 11.68% in the coming year, from $3.94 to $4.40 per share. The P/E ratio of Bank of Nova Scotia is 9.36, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.58. The P/E ratio of Bank of Nova Scotia is 9.36, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.69. Bank of Nova Scotia has a PEG Ratio of 1.98. PEG Ratios above 1 indicate that a company could be overvalued. Bank of Nova Scotia has a P/B Ratio of 1.04. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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