Equities analysts expect Toronto-Dominion Bank (NYSE:TD) (TSE:TD) to report earnings per share (EPS) of $1.26 for the current quarter, Zacks reports. Two analysts have made estimates for Toronto-Dominion Bank’s earnings. The lowest EPS estimate is $1.23 and the highest is $1.33. Toronto-Dominion Bank reported earnings of $1.27 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 0.8%. The firm is scheduled to issue its next quarterly earnings report before the market opens on Thursday, May 23rd.
On average, analysts expect that Toronto-Dominion Bank will report full-year earnings of $5.07 per share for the current fiscal year, with EPS estimates ranging from $4.94 to $5.28. For the next fiscal year, analysts forecast that the company will report earnings of $5.44 per share, with EPS estimates ranging from $5.22 to $5.62. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Toronto-Dominion Bank.
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results on Thursday, February 28th. The bank reported $1.18 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.13). Toronto-Dominion Bank had a return on equity of 16.36% and a net margin of 20.48%. The firm had revenue of $7.51 billion for the quarter, compared to analyst estimates of $7.35 billion.
TD has been the subject of a number of analyst reports. Zacks Investment Research raised Toronto-Dominion Bank from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Tuesday, January 22nd. Barclays reaffirmed a “hold” rating on shares of Toronto-Dominion Bank in a research report on Friday. Finally, BMO Capital Markets reaffirmed a “buy” rating on shares of Toronto-Dominion Bank in a research report on Thursday, February 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Toronto-Dominion Bank has a consensus rating of “Hold” and an average target price of $60.00.
NYSE:TD traded down $0.02 during trading hours on Friday, reaching $55.25. 833,810 shares of the stock were exchanged, compared to its average volume of 951,982. Toronto-Dominion Bank has a twelve month low of $47.73 and a twelve month high of $62.00. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.12. The company has a market cap of $100.98 billion, a P/E ratio of 10.98, a price-to-earnings-growth ratio of 1.57 and a beta of 1.06.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Wednesday, April 10th were given a dividend of $0.564 per share. This represents a $2.26 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date was Tuesday, April 9th. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.51. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 44.14%.
A number of hedge funds have recently bought and sold shares of TD. Lincluden Management Ltd. boosted its stake in shares of Toronto-Dominion Bank by 0.7% in the 1st quarter. Lincluden Management Ltd. now owns 1,727,761 shares of the bank’s stock worth $93,761,000 after buying an additional 12,155 shares during the last quarter. Security National Bank of SO Dak boosted its stake in shares of Toronto-Dominion Bank by 5.7% in the 1st quarter. Security National Bank of SO Dak now owns 17,848 shares of the bank’s stock worth $970,000 after buying an additional 961 shares during the last quarter. BlueCrest Capital Management Ltd purchased a new position in shares of Toronto-Dominion Bank in the 1st quarter worth $1,767,000. Maverick Capital Ltd. boosted its stake in shares of Toronto-Dominion Bank by 3.4% in the 1st quarter. Maverick Capital Ltd. now owns 230,290 shares of the bank’s stock worth $12,512,000 after buying an additional 7,510 shares during the last quarter. Finally, M&T Bank Corp boosted its stake in shares of Toronto-Dominion Bank by 0.4% in the 1st quarter. M&T Bank Corp now owns 523,241 shares of the bank’s stock worth $28,423,000 after buying an additional 2,334 shares during the last quarter. 49.74% of the stock is owned by institutional investors.
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. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to 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.
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