Cormark Research Analysts Cut Earnings Estimates for TSE:TD

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Analysts at Cormark lowered their FY2025 earnings per share (EPS) estimates for shares of Toronto-Dominion Bank in a note issued to investors on Tuesday, May 20th. Cormark analyst L. Persaud now anticipates that the company will earn $7.60 per share for the year, down from their previous estimate of $7.71. The consensus estimate for Toronto-Dominion Bank’s current full-year earnings is $7.22 per share.

Several other research firms also recently commented on TD. Jefferies Financial Group downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating and increased their price objective for the company from C$90.00 to C$99.00 in a research note on Tuesday, February 18th. Scotiabank raised Toronto-Dominion Bank to a “hold” rating in a research note on Wednesday, May 14th. National Bankshares set a C$80.00 target price on Toronto-Dominion Bank and gave the stock a “sector perform” rating in a research note on Thursday. UBS Group raised their target price on Toronto-Dominion Bank from C$83.00 to C$90.00 in a research note on Friday, February 14th. Finally, CIBC cut their target price on Toronto-Dominion Bank from C$95.00 to C$94.00 in a research note on Thursday. One research analyst has rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$88.67.

Toronto-Dominion Bank Stock Performance

TSE TD opened at C$92.81 on Thursday. The business has a fifty day moving average price of C$85.86 and a 200 day moving average price of C$82.34. Toronto-Dominion Bank has a one year low of C$73.22 and a one year high of C$93.83. The company has a market cap of C$162.82 billion, a P/E ratio of 18.39, a P/E/G ratio of 1.22 and a beta of 0.82.

Insider Activity at Toronto-Dominion Bank

In related news, Director Ana Arsov acquired 3,483 shares of the firm’s stock in a transaction dated Friday, April 11th. The stock was acquired at an average price of C$80.24 per share, for a total transaction of C$279,475.92. Also, Director Theresa Lynn Currie sold 45,172 shares of Toronto-Dominion Bank stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of C$86.50, for a total value of C$3,907,378.00. Following the completion of the transaction, the director now owns 163 shares of the company’s stock, valued at C$14,099.50. The trade was a 99.64% decrease in their position. 0.08% of the stock is currently owned by company insiders.

Toronto-Dominion Bank Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 4.53%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 80.84%.

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.