Analysts Issue Forecasts for The Toronto-Dominion Bank’s Q2 2022 Earnings (TSE:TD)

The Toronto-Dominion Bank (TSE:TD – Get Rating) (NYSE:TD) – Equities research analysts at National Bank Financial issued their Q2 2022 earnings estimates for Toronto-Dominion Bank in a research report issued to clients and investors on Sunday, May 15th. National Bank Financial analyst G. Dechaine anticipates that the company will earn $1.74 per share for the quarter. National Bank Financial has a “Sector Perform Market Weight” rating on the stock. National Bank Financial also issued estimates for Toronto-Dominion Bank’s Q3 2022 earnings at $1.86 EPS, Q4 2022 earnings at $1.70 EPS and FY2022 earnings at $7.38 EPS.

Toronto-Dominion Bank (TSE:TD – Get Rating) (NYSE:TD) last announced its quarterly earnings data on Thursday, March 3rd. The company reported C$2.08 EPS for the quarter, beating the consensus estimate of C$2.01 by C$0.07. The firm had revenue of C$11.28 billion for the quarter.

Several other analysts have also recently issued reports on the company. CIBC cut their target price on Toronto-Dominion Bank from C$103.00 to C$100.00 in a research report on Tuesday. BMO Capital Markets reduced their price objective on shares of Toronto-Dominion Bank from C$105.00 to C$100.00 in a research report on Friday, March 4th. Royal Bank of Canada boosted their target price on shares of Toronto-Dominion Bank from C$104.00 to C$113.00 and gave the stock a “sector perform” rating in a report on Friday, March 4th. Scotiabank cut their target price on shares of Toronto-Dominion Bank from C$116.00 to C$105.00 in a research note on Wednesday, April 13th. Finally, National Bankshares cut shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from C$110.00 to C$100.00 in a research note on Monday, March 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Toronto-Dominion Bank presently has a consensus rating of “Hold” and a consensus price target of C$100.91.

TSE:TD opened at C$93.88 on Wednesday. The business’s 50-day simple moving average is C$96.56 and its two-hundred day simple moving average is C$97.78. Toronto-Dominion Bank has a 52 week low of C$80.68 and a 52 week high of C$109.08. The stock has a market cap of C$170.27 billion and a PE ratio of 11.78.

The business also recently declared a quarterly dividend, which was paid on Saturday, April 30th. Investors of record on Friday, April 8th were given a $0.89 dividend. The ex-dividend date of this dividend was Thursday, April 7th. This represents a $3.56 dividend on an annualized basis and a yield of 3.79%. Toronto-Dominion Bank’s dividend payout ratio is presently 40.90%.

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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