Toronto-Dominion Bank (NYSE:TD) (TSE:TD) – Equities researchers at Desjardins lifted their Q1 2018 earnings per share estimates for shares of Toronto-Dominion Bank in a research report issued on Friday, Zacks Investment Research reports. Desjardins analyst D. Young now expects that the bank will post earnings per share of $1.17 for the quarter, up from their previous estimate of $1.08. Desjardins currently has a “Buy” rating on the stock. Desjardins also issued estimates for Toronto-Dominion Bank’s FY2019 earnings at $5.12 EPS.
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, March 1st. The bank reported $1.23 EPS for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.06. The business had revenue of $9.36 billion for the quarter, compared to analyst estimates of $8.96 billion. Toronto-Dominion Bank had a return on equity of 15.76% and a net margin of 22.12%. Toronto-Dominion Bank’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.33 EPS.
Other research analysts have also issued reports about the company. Canaccord Genuity reiterated a “buy” rating and issued a $80.00 price objective on shares of Toronto-Dominion Bank in a research report on Thursday, November 30th. Zacks Investment Research upgraded Toronto-Dominion Bank from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a research report on Thursday, February 15th. Bank of America increased their price objective on Toronto-Dominion Bank from $71.00 to $87.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Scotiabank reiterated a “buy” rating and issued a $83.00 price objective on shares of Toronto-Dominion Bank in a research report on Wednesday, November 22nd. Finally, CIBC upgraded Toronto-Dominion Bank from a “neutral” rating to an “outperform” rating in a research report on Thursday, February 1st. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Toronto-Dominion Bank has a consensus rating of “Buy” and an average price target of $77.20.
Shares of Toronto-Dominion Bank (NYSE TD) traded up $0.17 on Monday, reaching $58.50. The company’s stock had a trading volume of 1,223,381 shares, compared to its average volume of 1,392,288. The company has a market cap of $107,860.00, a price-to-earnings ratio of 14.03, a price-to-earnings-growth ratio of 1.16 and a beta of 0.94. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.93 and a quick ratio of 0.93. Toronto-Dominion Bank has a 52-week low of $45.18 and a 52-week high of $61.06.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Tuesday, April 10th will be given a $0.522 dividend. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.47. This represents a $2.09 annualized dividend and a dividend yield of 3.57%. The ex-dividend date is Monday, April 9th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 46.76%.
Several large investors have recently bought and sold shares of the company. Teachers Advisors LLC boosted its position in shares of Toronto-Dominion Bank by 3.7% in the 2nd quarter. Teachers Advisors LLC now owns 2,556 shares of the bank’s stock worth $129,000 after purchasing an additional 92 shares during the last quarter. Advisory Services Network LLC boosted its position in shares of Toronto-Dominion Bank by 26.1% in the 2nd quarter. Advisory Services Network LLC now owns 2,353 shares of the bank’s stock worth $119,000 after purchasing an additional 487 shares during the last quarter. Biondo Investment Advisors LLC boosted its position in shares of Toronto-Dominion Bank by 1.4% in the 4th quarter. Biondo Investment Advisors LLC now owns 68,006 shares of the bank’s stock worth $3,984,000 after purchasing an additional 955 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Toronto-Dominion Bank by 0.3% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 293,928 shares of the bank’s stock worth $13,225,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Coastline Trust Co boosted its position in shares of Toronto-Dominion Bank by 1.1% in the 4th quarter. Coastline Trust Co now owns 96,975 shares of the bank’s stock worth $5,681,000 after purchasing an additional 1,020 shares during the last quarter. Institutional investors and hedge funds own 49.78% of the company’s stock.
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Toronto-Dominion Bank Company Profile
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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