$1.57 EPS Expected for The Toronto-Dominion Bank (NYSE:TD) This Quarter

Wall Street analysts expect that The Toronto-Dominion Bank (NYSE:TD – Get Rating) (TSE:TD) will post earnings of $1.57 per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Toronto-Dominion Bank’s earnings, with estimates ranging from $1.51 to $1.62. Toronto-Dominion Bank reported earnings per share of $1.62 during the same quarter last year, which suggests a negative year over year growth rate of 3.1%. The firm is expected to report its next quarterly earnings results before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Toronto-Dominion Bank will report full-year earnings of $6.39 per share for the current year, with EPS estimates ranging from $5.89 to $6.53. For the next financial year, analysts forecast that the firm will post earnings of $7.02 per share, with EPS estimates ranging from $6.58 to $7.23. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Toronto-Dominion Bank.

Toronto-Dominion Bank (NYSE:TD – Get Rating) (TSE:TD) last issued its earnings results on Thursday, March 3rd. The bank reported $2.08 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.03. The company had revenue of $11.28 billion for the quarter, compared to analyst estimates of $10.28 billion. Toronto-Dominion Bank had a return on equity of 16.18% and a net margin of 30.57%. The business’s revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.42 EPS.

TD has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research note on Friday, April 29th. Stifel Nicolaus lowered their target price on shares of Toronto-Dominion Bank from C$105.00 to C$104.00 in a report on Friday, April 8th. StockNews.com began coverage on shares of Toronto-Dominion Bank in a report on Thursday, March 31st. They issued a “hold” rating on the stock. National Bank Financial lowered shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating in a report on Monday, March 7th. Finally, Scotiabank lowered their target price on shares of Toronto-Dominion Bank from C$116.00 to C$105.00 in a report on Wednesday, April 13th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Toronto-Dominion Bank has an average rating of “Hold” and a consensus price target of $100.11.

Shares of NYSE TD opened at $72.21 on Monday. Toronto-Dominion Bank has a 52 week low of $62.81 and a 52 week high of $86.01. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market cap of $130.37 billion, a price-to-earnings ratio of 11.35, a P/E/G ratio of 1.39 and a beta of 0.96. The business’s 50-day simple moving average is $76.96 and its 200-day simple moving average is $77.21.

The firm also recently announced a quarterly dividend, which was paid on Saturday, April 30th. Shareholders of record on Friday, April 8th were given a dividend of $0.702 per share. The ex-dividend date was Thursday, April 7th. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.70. This represents a $2.81 dividend on an annualized basis and a yield of 3.89%. Toronto-Dominion Bank’s dividend payout ratio is presently 44.81%.

A number of institutional investors have recently added to or reduced their stakes in TD. Fairfield Bush & CO. acquired a new position in Toronto-Dominion Bank during the 1st quarter valued at about $26,000. EverSource Wealth Advisors LLC acquired a new position in Toronto-Dominion Bank during the 4th quarter valued at about $27,000. Column Capital Advisors LLC lifted its position in Toronto-Dominion Bank by 830.0% during the 4th quarter. Column Capital Advisors LLC now owns 372 shares of the bank’s stock valued at $29,000 after purchasing an additional 332 shares during the period. Vigilant Capital Management LLC acquired a new stake in shares of Toronto-Dominion Bank in the 4th quarter valued at approximately $31,000. Finally, Benjamin Edwards Inc. acquired a new stake in shares of Toronto-Dominion Bank in the 4th quarter valued at approximately $32,000. Institutional investors own 50.00% of the company’s stock.

About Toronto-Dominion Bank (Get Rating)

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as chequing, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; and financing options to customers at point of sale for automotive and recreational vehicle purchases.

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