Toronto-Dominion Bank (NYSE:TD – Get Rating) (TSE:TD) is set to post its quarterly earnings results before the market opens on Thursday, December 1st. Analysts expect Toronto-Dominion Bank to post earnings of $1.55 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.
Toronto-Dominion Bank (NYSE:TD – Get Rating) (TSE:TD) last issued its earnings results on Thursday, August 25th. The bank reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.06. The firm had revenue of $8.49 billion during the quarter, compared to analysts’ expectations of $10.63 billion. Toronto-Dominion Bank had a net margin of 22.93% and a return on equity of 16.09%. During the same period last year, the firm posted $1.60 earnings per share. On average, analysts expect Toronto-Dominion Bank to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.
Toronto-Dominion Bank Trading Up 0.4 %
Shares of NYSE:TD opened at $68.11 on Thursday. The stock has a market capitalization of $123.59 billion, a price-to-earnings ratio of 10.95, a PEG ratio of 1.40 and a beta of 0.90. Toronto-Dominion Bank has a 1-year low of $57.27 and a 1-year 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 company has a 50 day moving average price of $63.83 and a 200 day moving average price of $66.25.
Institutional Investors Weigh In On Toronto-Dominion Bank
Wall Street Analyst Weigh In
A number of research firms recently commented on TD. Royal Bank of Canada raised shares of Toronto-Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Friday, August 26th. CIBC decreased their price objective on shares of Toronto-Dominion Bank from C$100.00 to C$97.00 in a research note on Tuesday, August 16th. National Bank Financial decreased their price objective on shares of Toronto-Dominion Bank from C$106.00 to C$103.00 in a research note on Friday, November 18th. Credit Suisse Group raised their price objective on shares of Toronto-Dominion Bank from C$94.00 to C$95.00 in a research note on Friday, August 26th. Finally, Canaccord Genuity Group decreased their target price on shares of Toronto-Dominion Bank from C$96.00 to C$94.50 in a research note on Monday, August 29th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $100.70.
About Toronto-Dominion Bank
The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking segments. The company offers personal deposits, such as checking, 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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