Desjardins Research Analysts Decrease Earnings Estimates for The Toronto-Dominion Bank (TSE:TD)

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Equities research analysts at Desjardins cut their FY2025 EPS estimates for shares of Toronto-Dominion Bank in a note issued to investors on Thursday, August 22nd. Desjardins analyst D. Young now forecasts that the company will earn $8.25 per share for the year, down from their previous estimate of $8.40. Desjardins has a “Buy” rating and a $90.00 price objective on the stock. The consensus estimate for Toronto-Dominion Bank’s current full-year earnings is $8.40 per share.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its quarterly earnings results on Thursday, May 23rd. The company reported C$2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.84 by C$0.20. Toronto-Dominion Bank had a net margin of 21.91% and a return on equity of 9.89%. The company had revenue of C$13.82 billion during the quarter, compared to analyst estimates of C$13.38 billion.

Other research analysts also recently issued research reports about the stock. Bank of America upped their target price on shares of Toronto-Dominion Bank from C$85.00 to C$90.00 in a research note on Friday. UBS Group set a C$82.00 target price on Toronto-Dominion Bank and gave the company a “neutral” rating in a research note on Tuesday, July 2nd. CIBC raised Toronto-Dominion Bank from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from C$83.50 to C$88.00 in a report on Friday, May 24th. Jefferies Financial Group upped their price target on Toronto-Dominion Bank from C$73.00 to C$82.00 and gave the company a “hold” rating in a report on Monday, August 12th. Finally, Cormark dropped their price objective on Toronto-Dominion Bank from C$87.00 to C$86.00 in a research report on Friday. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$87.27.

Toronto-Dominion Bank Stock Up 0.7 %

Toronto-Dominion Bank stock opened at C$80.18 on Monday. The stock’s 50 day moving average is C$77.91 and its 200 day moving average is C$78.70. The company has a market capitalization of C$141.12 billion, a P/E ratio of 13.43, a PEG ratio of 1.08 and a beta of 0.82. Toronto-Dominion Bank has a twelve month low of C$73.67 and a twelve month high of C$86.89.

Toronto-Dominion Bank Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be issued a $1.02 dividend. The ex-dividend date is Thursday, October 10th. This represents a $4.08 annualized dividend and a dividend yield of 5.09%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 68.34%.

Toronto-Dominion Bank Company Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.