Cormark Has Bullish Forecast for TSE:TD FY2024 Earnings

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Research analysts at Cormark raised their FY2024 earnings estimates for shares of Toronto-Dominion Bank in a research note issued on Monday, November 25th. Cormark analyst L. Persaud now forecasts that the company will post earnings per share of $7.90 for the year, up from their prior forecast of $7.89. The consensus estimate for Toronto-Dominion Bank’s current full-year earnings is $7.22 per share. Cormark also issued estimates for Toronto-Dominion Bank’s FY2026 earnings at $8.74 EPS.

TD has been the subject of a number of other reports. Scotiabank lifted their price target on shares of Toronto-Dominion Bank from C$86.00 to C$98.00 in a research report on Monday. CIBC decreased their target price on shares of Toronto-Dominion Bank from C$96.00 to C$93.00 in a report on Tuesday. Royal Bank of Canada cut shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from C$88.00 to C$82.00 in a report on Friday, October 11th. Jefferies Financial Group lifted their target price on shares of Toronto-Dominion Bank from C$73.00 to C$82.00 and gave the stock a “hold” rating in a report on Monday, August 12th. Finally, Canaccord Genuity Group decreased their price objective on shares of Toronto-Dominion Bank from C$91.50 to C$89.00 in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Toronto-Dominion Bank currently has a consensus rating of “Hold” and an average target price of C$87.42.

Toronto-Dominion Bank Trading Up 1.1 %

Shares of TD opened at C$78.63 on Tuesday. The firm’s 50-day moving average price is C$81.09 and its 200-day moving average price is C$79.14. The firm has a market capitalization of C$137.60 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a 1-year low of C$73.67 and a 1-year high of C$87.99.

Toronto-Dominion Bank Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 31st were paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date was Thursday, October 10th. Toronto-Dominion Bank’s payout ratio is 94.44%.

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 four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.