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

Toronto-Dominion Bank (NYSE:TDGet Rating) (TSE:TD) will be issuing its quarterly earnings data before the market opens on Thursday, May 26th. Analysts expect the company to announce earnings of $1.57 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Toronto-Dominion Bank (NYSE:TDGet Rating) (TSE:TD) last issued its earnings results on Thursday, March 3rd. The bank reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.05 by $0.03. Toronto-Dominion Bank had a return on equity of 16.18% and a net margin of 30.57%. The business had revenue of $11.28 billion for the quarter, compared to analysts’ expectations of $10.28 billion. During the same period in the previous year, the firm posted $1.42 EPS. The company’s quarterly revenue was up 4.3% on a year-over-year basis. On average, analysts expect Toronto-Dominion Bank to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

TD stock opened at $71.76 on Thursday. Toronto-Dominion Bank has a one year low of $62.81 and a one year high of $86.01. The firm has a 50-day moving average of $76.05 and a two-hundred day moving average of $77.09. The firm has a market capitalization of $129.56 billion, a PE ratio of 11.28, a P/E/G ratio of 1.36 and a beta of 0.96. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12.

The company also recently declared a quarterly dividend, which was paid on Saturday, April 30th. Stockholders of record on Friday, April 8th were issued a dividend of $0.702 per share. The ex-dividend date of this dividend was Thursday, April 7th. This represents a $2.81 dividend on an annualized basis and a dividend yield of 3.91%. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.70. Toronto-Dominion Bank’s payout ratio is currently 44.81%.

TD has been the topic of several research analyst reports. Desjardins lifted their price objective on shares of Toronto-Dominion Bank from C$110.00 to C$113.00 in a research report on Monday, March 7th. CIBC downgraded Toronto-Dominion Bank from an “outperform” rating to a “neutral” rating in a report on Monday, April 11th. Zacks Investment Research raised Toronto-Dominion Bank from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a research report on Friday, April 29th. StockNews.com began coverage on Toronto-Dominion Bank in a research report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Scotiabank dropped their target price on Toronto-Dominion Bank from C$116.00 to C$105.00 in a report on Wednesday, April 13th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Toronto-Dominion Bank presently has an average rating of “Hold” and a consensus price target of $100.11.

Institutional investors and hedge funds have recently modified their holdings of the stock. Virtu Financial LLC acquired a new position in Toronto-Dominion Bank during the first quarter worth $228,000. Beacon Pointe Advisors LLC boosted its stake in shares of Toronto-Dominion Bank by 10.1% during the 1st quarter. Beacon Pointe Advisors LLC now owns 7,844 shares of the bank’s stock worth $623,000 after acquiring an additional 717 shares in the last quarter. Polar Capital Holdings Plc increased its holdings in shares of Toronto-Dominion Bank by 15.0% during the 1st quarter. Polar Capital Holdings Plc now owns 315,708 shares of the bank’s stock valued at $27,953,000 after acquiring an additional 41,101 shares during the last quarter. Evergreen Capital Management LLC raised its stake in shares of Toronto-Dominion Bank by 17.3% in the 1st quarter. Evergreen Capital Management LLC now owns 5,868 shares of the bank’s stock valued at $466,000 after acquiring an additional 866 shares in the last quarter. Finally, First Republic Investment Management Inc. raised its stake in shares of Toronto-Dominion Bank by 5.4% in the 1st quarter. First Republic Investment Management Inc. now owns 29,478 shares of the bank’s stock valued at $2,341,000 after acquiring an additional 1,514 shares in the last quarter. 50.00% of the stock is currently owned by hedge funds and other institutional investors.

Toronto-Dominion Bank Company Profile (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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Earnings History for Toronto-Dominion Bank (NYSE:TD)

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