The Toronto-Dominion Bank (TSE:TD) to Post Q3 2024 Earnings of $2.05 Per Share, National Bank Financial Forecasts

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Research analysts at National Bank Financial reduced their Q3 2024 earnings estimates for Toronto-Dominion Bank in a report issued on Thursday, May 2nd. National Bank Financial analyst G. Dechaine now expects that the company will post earnings of $2.05 per share for the quarter, down from their previous forecast of $2.06. The consensus estimate for Toronto-Dominion Bank’s current full-year earnings is $7.87 per share. National Bank Financial also issued estimates for Toronto-Dominion Bank’s Q4 2024 earnings at $2.05 EPS, FY2024 earnings at $7.99 EPS and FY2025 earnings at $8.03 EPS.

A number of other equities analysts also recently issued reports on the stock. Canaccord Genuity Group increased their price objective on shares of Toronto-Dominion Bank from C$95.00 to C$96.00 and gave the company a “buy” rating in a research note on Friday, March 1st. CIBC dropped their target price on Toronto-Dominion Bank from C$86.00 to C$83.50 and set a “neutral” rating on the stock in a research report on Monday. Jefferies Financial Group cut their price target on Toronto-Dominion Bank from C$82.00 to C$74.00 and set a “hold” rating on the stock in a report on Monday. Desjardins decreased their price objective on Toronto-Dominion Bank from C$104.00 to C$93.00 and set a “buy” rating for the company in a research note on Monday. Finally, Bank of America dropped their price objective on Toronto-Dominion Bank from C$88.00 to C$86.00 in a research report on Wednesday, February 14th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$89.23.

Toronto-Dominion Bank Stock Up 1.1 %

Shares of TSE:TD opened at C$75.97 on Monday. The business’s 50 day moving average is C$80.29 and its 200 day moving average is C$81.34. The stock has a market cap of C$134.47 billion, a P/E ratio of 12.00, a price-to-earnings-growth ratio of 1.08 and a beta of 0.83. Toronto-Dominion Bank has a 52-week low of C$73.98 and a 52-week high of C$87.10.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its quarterly earnings results on Thursday, February 29th. The company reported C$2.00 EPS for the quarter, topping analysts’ consensus estimates of C$1.93 by C$0.07. Toronto-Dominion Bank had a net margin of 23.86% and a return on equity of 10.72%. The firm had revenue of C$13.71 billion for the quarter, compared to analysts’ expectations of C$12.63 billion.

Toronto-Dominion Bank Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, April 30th were paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 5.37%. The ex-dividend date of this dividend was Monday, April 8th. Toronto-Dominion Bank’s dividend payout ratio is currently 64.45%.

Toronto-Dominion Bank Company Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.