Equities Analysts Set Expectations for TD FY2025 Earnings

The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) – Equities research analysts at National Bank Financial cut their FY2025 earnings per share (EPS) estimates for Toronto-Dominion Bank in a research report issued to clients and investors on Sunday, April 6th. National Bank Financial analyst G. Dechaine now forecasts that the bank will post earnings per share of $5.36 for the year, down from their previous estimate of $5.43. The consensus estimate for Toronto-Dominion Bank’s current full-year earnings is $5.48 per share. National Bank Financial also issued estimates for Toronto-Dominion Bank’s FY2026 earnings at $5.57 EPS.

Several other research firms also recently issued reports on TD. Jefferies Financial Group downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. StockNews.com lowered Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Monday, February 24th. Bank of America raised Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. Finally, BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $80.50.

Toronto-Dominion Bank Trading Up 3.0 %

Shares of Toronto-Dominion Bank stock opened at $57.55 on Wednesday. The firm’s 50 day simple moving average is $59.08 and its two-hundred day simple moving average is $57.31. The firm has a market capitalization of $100.85 billion, a price-to-earnings ratio of 16.59, a PEG ratio of 1.95 and a beta of 0.73. Toronto-Dominion Bank has a 12-month low of $51.25 and a 12-month high of $64.91. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.11.

Toronto-Dominion Bank Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.7278 per share. This represents a $2.91 annualized dividend and a dividend yield of 5.06%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 85.29%.

Institutional Trading of Toronto-Dominion Bank

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Toronto-Dominion Bank during the 4th quarter valued at about $992,204,000. FIL Ltd boosted its position in Toronto-Dominion Bank by 17.3% during the fourth quarter. FIL Ltd now owns 38,989,749 shares of the bank’s stock worth $2,075,819,000 after purchasing an additional 5,756,584 shares in the last quarter. Geode Capital Management LLC grew its holdings in Toronto-Dominion Bank by 32.2% in the fourth quarter. Geode Capital Management LLC now owns 10,526,821 shares of the bank’s stock valued at $569,878,000 after purchasing an additional 2,564,648 shares during the period. Mackenzie Financial Corp increased its position in shares of Toronto-Dominion Bank by 5.6% in the fourth quarter. Mackenzie Financial Corp now owns 27,990,674 shares of the bank’s stock valued at $1,488,233,000 after buying an additional 1,491,472 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Toronto-Dominion Bank by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank’s stock worth $3,946,072,000 after buying an additional 1,415,934 shares during the period. Institutional investors and hedge funds own 52.37% of the company’s stock.

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.