Toronto-Dominion Bank (TD) to Release Earnings on Thursday

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) is expected to release its earnings data before the market opens on Thursday, February 27th. Analysts expect Toronto-Dominion Bank to post earnings of $1.36 per share and revenue of $13.21 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Toronto-Dominion Bank Stock Down 0.8 %

Shares of NYSE:TD opened at $59.38 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market cap of $103.93 billion, a price-to-earnings ratio of 17.11, a P/E/G ratio of 1.95 and a beta of 0.84. The company has a 50 day moving average of $56.16 and a 200-day moving average of $57.58. Toronto-Dominion Bank has a one year low of $51.25 and a one year high of $64.91.

Toronto-Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were issued a dividend of $0.7482 per share. This represents a $2.99 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date was Friday, January 10th. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. Toronto-Dominion Bank’s payout ratio is currently 84.15%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on TD shares. Barclays downgraded Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a research note on Thursday, November 21st. Scotiabank lowered Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a research note on Friday, December 6th. Bank of America upgraded Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research report on Friday, January 17th. Royal Bank of Canada lowered their price target on Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating for the company in a research note on Friday, December 6th. Finally, Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $80.50.

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.