Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Stock analysts at Desjardins lifted their Q1 2018 earnings per share estimates for shares of Toronto-Dominion Bank in a research report issued to clients and investors on Friday. Desjardins analyst D. Young now expects that the company will post earnings of $1.46 per share for the quarter, up from their previous estimate of $1.39. Desjardins also issued estimates for Toronto-Dominion Bank’s FY2018 earnings at $5.97 EPS and FY2019 earnings at $6.40 EPS.
Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its quarterly earnings data on Thursday, November 30th. The company reported C$1.36 EPS for the quarter, missing analysts’ consensus estimates of C$1.41 by C($0.05). Toronto-Dominion Bank had a return on equity of 15.43% and a net margin of 28.14%. The company had revenue of C$9.27 billion for the quarter, compared to analyst estimates of C$9.03 billion.
A number of other research analysts have also recently issued reports on the company. BMO Capital Markets boosted their target price on Toronto-Dominion Bank from C$74.00 to C$76.00 in a research note on Friday, December 1st. CIBC raised Toronto-Dominion Bank from a “neutral” rating to an “outperform” rating and boosted their target price for the company from C$79.00 to C$84.00 in a research note on Thursday, February 1st. Eight Capital boosted their target price on Toronto-Dominion Bank from C$73.00 to C$76.00 in a research note on Friday, December 1st. CSFB boosted their target price on Toronto-Dominion Bank from C$79.00 to C$80.00 in a research note on Tuesday, January 30th. Finally, Canaccord Genuity boosted their target price on Toronto-Dominion Bank from C$74.00 to C$78.00 in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of C$77.33.
Shares of Toronto-Dominion Bank (TSE:TD) opened at C$72.55 on Monday. Toronto-Dominion Bank has a 52 week low of C$61.50 and a 52 week high of C$75.21. The company has a market capitalization of $133,740.00, a price-to-earnings ratio of 13.21 and a beta of 0.55.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th were paid a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $2.40 dividend on an annualized basis and a yield of 3.31%. Toronto-Dominion Bank’s payout ratio is 42.81%.
In other news, insider Robert E. Dorrance sold 374,400 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of C$73.69, for a total value of C$27,589,536.00. Also, insider Theresa Lynn Currie sold 59,560 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of C$72.64, for a total value of C$4,326,438.40.
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About Toronto-Dominion Bank
Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.
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