Toronto–Dominion Bank (TSE:TD) (NYSE:TD) – Research analysts at Cormark lowered their FY2019 earnings estimates for Toronto–Dominion Bank in a report released on Monday, May 14th. Cormark analyst M. Grauman now forecasts that the company will post earnings per share of $6.58 for the year, down from their previous estimate of $6.60.
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Other research analysts also recently issued research reports about the stock. CIBC raised shares of Toronto–Dominion Bank from a “neutral” rating to an “outperform” rating and increased their price target for the company from C$79.00 to C$84.00 in a report on Thursday, February 1st. National Bank Financial increased their price target on shares of Toronto–Dominion Bank from C$78.00 to C$80.00 and gave the company an “outperform” rating in a report on Tuesday, January 30th. CSFB increased their price target on shares of Toronto–Dominion Bank from C$79.00 to C$80.00 in a report on Tuesday, January 30th. Scotiabank increased their price target on shares of Toronto–Dominion Bank from C$85.00 to C$87.00 and gave the company an “outperform” rating in a report on Friday, March 2nd. Finally, Desjardins raised shares of Toronto–Dominion Bank from a “hold” rating to a “buy” rating and increased their price target for the company from C$79.00 to C$84.00 in a report on Friday, March 2nd. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Toronto–Dominion Bank currently has a consensus rating of “Buy” and a consensus price target of C$81.25.
Shares of Toronto–Dominion Bank stock opened at C$75.59 on Thursday. Toronto–Dominion Bank has a twelve month low of C$61.50 and a twelve month high of C$76.65.
Toronto–Dominion Bank (TSE:TD) (NYSE:TD) last issued its quarterly earnings data on Thursday, March 1st. The company reported C$1.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$1.47 by C$0.09. The firm had revenue of C$9.36 billion during the quarter, compared to analyst estimates of C$9.50 billion. Toronto–Dominion Bank had a return on equity of 13.38% and a net margin of 23.57%.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 30th. Shareholders of record on Tuesday, April 10th were paid a $0.67 dividend. The ex-dividend date was Monday, April 9th. This represents a $2.68 annualized dividend and a yield of 3.55%. This is an increase from Toronto–Dominion Bank’s previous quarterly dividend of $0.60.
About Toronto–Dominion Bank
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to small, medium, and large businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.