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

Toronto-Dominion Bank (NYSE:TDGet 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:TDGet 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

A number of institutional investors and hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. raised its stake in shares of Toronto-Dominion Bank by 93.7% during the second quarter. Goldman Sachs Group Inc. now owns 2,502,216 shares of the bank’s stock worth $164,095,000 after buying an additional 1,210,416 shares during the last quarter. BlackRock Inc. increased its stake in Toronto-Dominion Bank by 6.3% in the first quarter. BlackRock Inc. now owns 914,064 shares of the bank’s stock valued at $72,595,000 after purchasing an additional 54,121 shares in the last quarter. Neuberger Berman Group LLC increased its stake in Toronto-Dominion Bank by 11.1% in the first quarter. Neuberger Berman Group LLC now owns 519,781 shares of the bank’s stock valued at $41,705,000 after purchasing an additional 51,934 shares in the last quarter. Royal London Asset Management Ltd. bought a new stake in Toronto-Dominion Bank in the first quarter valued at approximately $33,515,000. Finally, Polar Capital Holdings Plc increased its stake in Toronto-Dominion Bank by 15.0% in the first quarter. Polar Capital Holdings Plc now owns 315,708 shares of the bank’s stock valued at $27,953,000 after purchasing an additional 41,101 shares in the last quarter. 49.10% of the stock is owned by institutional investors.

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

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

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