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.
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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