Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Equities research analysts at Cormark boosted their FY2018 earnings estimates for Toronto-Dominion Bank in a research report issued on Friday. Cormark analyst M. Grauman now anticipates that the company will post earnings per share of $6.02 for the year, up from their previous estimate of $5.98. Cormark also issued estimates for Toronto-Dominion Bank’s FY2019 earnings at $6.46 EPS.
A number of other research analysts also recently weighed in on the company. National Bank Financial raised their price objective on Toronto-Dominion Bank from C$74.00 to C$78.00 and gave the company an “outperform” rating in a research note on Friday, December 1st. CIBC raised Toronto-Dominion Bank from a “neutral” rating to an “outperform” rating and raised their price objective for the company from C$79.00 to C$84.00 in a research note on Thursday, February 1st. BMO Capital Markets raised their price objective on Toronto-Dominion Bank from C$74.00 to C$76.00 in a research note on Friday, December 1st. CSFB raised their price objective on Toronto-Dominion Bank from C$75.00 to C$77.00 in a research note on Friday, December 1st. Finally, Royal Bank of Canada raised their price objective on Toronto-Dominion Bank from C$81.00 to C$84.00 in a research note on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of C$77.33.
Shares of Toronto-Dominion Bank (TD) traded up C$0.91 during midday trading on Monday, reaching C$73.40. The company’s stock had a trading volume of 912,232 shares, compared to its average volume of 3,321,944. Toronto-Dominion Bank has a 12-month low of C$61.50 and a 12-month high of C$75.21. The firm has a market cap of $135,230.00, a price-to-earnings ratio of 13.36 and a beta of 0.55.
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 the Zacks’ consensus estimate 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 business had revenue of C$9.27 billion for the quarter, compared to analyst estimates of C$9.03 billion.
In other Toronto-Dominion Bank news, insider Robert E. Dorrance sold 374,400 shares of Toronto-Dominion Bank stock in a transaction that occurred on 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 Toronto-Dominion Bank stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of C$72.64, for a total value of C$4,326,438.40.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.27%. The ex-dividend date was Tuesday, January 9th. Toronto-Dominion Bank’s dividend payout ratio is currently 42.81%.
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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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