Q1 EPS Forecast for Bank of Nova Scotia Lowered by Analyst

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

A number of other equities analysts have also commented on the stock. CIBC raised their target price on shares of Bank of Nova Scotia from C$82.00 to C$84.00 in a research report on Tuesday, November 26th. Royal Bank of Canada increased their price objective on 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. Accountability Research set a C$82.00 target price on Bank of Nova Scotia and gave the company a “buy” rating in a research report on Thursday, January 9th. Barclays raised Bank of Nova Scotia from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 21st. Finally, National Bankshares lifted their price objective on Bank of Nova Scotia from C$66.00 to C$78.00 in a report on Wednesday, November 20th. Seven equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$77.92.

Bank of Nova Scotia Price Performance

Shares of BNS opened at C$72.32 on Thursday. The firm 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 1-year low of C$60.68 and a 1-year high of C$80.14. The company has a 50-day moving average of C$76.41 and a 200 day moving average of C$71.99.

Bank of Nova Scotia Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Tuesday, January 7th were given a dividend of $1.06 per share. This represents a $4.24 annualized dividend and a dividend yield of 5.86%. The ex-dividend date was Tuesday, January 7th. Bank of Nova Scotia’s payout ratio is 74.26%.

Bank of Nova Scotia Company Profile

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.