Toronto-Dominion Bank (TD) to Post Q1 2018 Earnings of $1.39 Per Share, Desjardins Forecasts

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Investment analysts at Desjardins issued their Q1 2018 earnings per share (EPS) estimates for Toronto-Dominion Bank in a note issued to investors on Thursday. Desjardins analyst D. Young expects that the company will post earnings per share of $1.39 for the quarter. Desjardins also issued estimates for Toronto-Dominion Bank’s Q2 2018 earnings at $1.45 EPS, Q3 2018 earnings at $1.53 EPS, Q4 2018 earnings at $1.47 EPS and FY2019 earnings at $6.30 EPS.

TD has been the topic of several other reports. National Bank Financial lifted their target price on Toronto-Dominion Bank from C$74.00 to C$78.00 and gave the company an “outperform” rating in a research report on Friday, December 1st. BMO Capital Markets lifted their target price on Toronto-Dominion Bank from C$74.00 to C$76.00 in a research report on Friday, December 1st. CIBC lifted their target price on Toronto-Dominion Bank from C$73.00 to C$79.00 in a research report on Monday, November 13th. Scotiabank lifted their target price on Toronto-Dominion Bank from C$73.00 to C$76.00 and gave the company an “outperform” rating in a research report on Friday, September 1st. Finally, Royal Bank Of Canada lifted their target price on Toronto-Dominion Bank from C$70.00 to C$72.00 and gave the company a “sector perform” rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. Toronto-Dominion Bank presently has an average rating of “Buy” and a consensus price target of C$75.31.

Toronto-Dominion Bank (TSE TD) traded down C$0.97 during midday trading on Monday, reaching C$72.43. The company had a trading volume of 4,597,873 shares, compared to its average volume of 3,625,727. Toronto-Dominion Bank has a 12 month low of C$61.50 and a 12 month high of C$75.09.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th will be issued a dividend of $0.60 per share. The ex-dividend date is Tuesday, January 9th. This represents a $2.40 dividend on an annualized basis and a yield of 3.31%. Toronto-Dominion Bank’s dividend payout ratio is presently 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.

Earnings History and Estimates for Toronto-Dominion Bank (TSE:TD)

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