Q1 EPS Estimates for Bank of Nova Scotia Cut by Desjardins

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Research analysts at Desjardins reduced their Q1 2025 earnings per share estimates for shares of Bank of Nova Scotia in a report released on Tuesday, February 4th. Desjardins analyst D. Young now anticipates that the bank will post earnings per share of $1.62 for the quarter, down from their prior forecast of $1.66. The consensus estimate for Bank of Nova Scotia’s current full-year earnings is $7.13 per share.

Several other equities analysts have also recently weighed in on the stock. Royal Bank of Canada increased their price objective on shares of Bank of Nova Scotia from C$74.00 to C$83.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 8th. BMO Capital Markets increased their price target on shares of Bank of Nova Scotia from C$72.00 to C$84.00 in a research report on Monday, November 18th. National Bankshares boosted their price objective on shares of Bank of Nova Scotia from C$66.00 to C$78.00 in a research report on Wednesday, November 20th. UBS Group raised Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a report on Monday, November 18th. Finally, TD Securities cut their price target on Bank of Nova Scotia from C$82.00 to C$81.00 and set a “buy” rating for the company in a report on Wednesday, December 4th. Seven investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$77.92.

Bank of Nova Scotia Stock Performance

Shares of TSE:BNS opened at C$72.32 on Thursday. The stock’s 50-day simple moving average is C$76.41 and its two-hundred day simple moving average is C$71.99. The stock has a market capitalization of C$89.68 billion, a price-to-earnings ratio of 12.67, a PEG ratio of 1.33 and a beta of 0.97. Bank of Nova Scotia has a 52-week low of C$60.68 and a 52-week high of C$80.14.

Bank of Nova Scotia Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Tuesday, January 7th were issued a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a yield of 5.86%. The ex-dividend date of this dividend was Tuesday, January 7th. Bank of Nova Scotia’s dividend payout ratio (DPR) is currently 74.26%.

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.