Desjardins Has Positive Outlook for TD FY2026 Earnings

The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) – Analysts at Desjardins boosted their FY2026 earnings per share (EPS) estimates for shares of Toronto-Dominion Bank in a research note issued to investors on Thursday, May 22nd. Desjardins analyst D. Young now expects that the bank will post earnings per share of $6.16 for the year, up from their prior forecast of $6.05. The consensus estimate for Toronto-Dominion Bank’s current full-year earnings is $5.48 per share.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, May 22nd. The bank reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.14. The business had revenue of $10.97 billion during the quarter, compared to analysts’ expectations of $13.36 billion. Toronto-Dominion Bank had a return on equity of 13.96% and a net margin of 7.37%. During the same quarter last year, the business posted $2.04 EPS.

Several other brokerages have also recently issued reports on TD. Wall Street Zen upgraded Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research note on Saturday. Jefferies Financial Group cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Scotiabank started coverage on Toronto-Dominion Bank in a research note on Thursday, May 15th. They issued a “sector perform” rating for the company. Finally, Royal Bank of Canada lifted their price objective on Toronto-Dominion Bank from $87.00 to $93.00 and gave the company a “sector perform” rating in a research note on Friday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $93.00.

Toronto-Dominion Bank Stock Performance

Shares of TD opened at $67.70 on Monday. The stock has a 50-day simple moving average of $61.38 and a 200-day simple moving average of $58.15. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $117.51 billion, a PE ratio of 19.51, a PEG ratio of 1.95 and a beta of 0.81. Toronto-Dominion Bank has a 1 year low of $51.25 and a 1 year high of $68.05.

Toronto-Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be given a dividend of $0.7568 per share. This represents a $3.03 annualized dividend and a dividend yield of 4.47%. The ex-dividend date of this dividend is Thursday, July 10th. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $0.73. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 42.67%.

Institutional Investors Weigh In On Toronto-Dominion Bank

Hedge funds and other institutional investors have recently made changes to their positions in the business. Larson Financial Group LLC increased its position in Toronto-Dominion Bank by 122.9% during the first quarter. Larson Financial Group LLC now owns 428 shares of the bank’s stock worth $26,000 after buying an additional 236 shares during the period. Lee Danner & Bass Inc. acquired a new position in Toronto-Dominion Bank during the fourth quarter worth approximately $27,000. Financial Management Professionals Inc. increased its position in Toronto-Dominion Bank by 322.4% during the first quarter. Financial Management Professionals Inc. now owns 490 shares of the bank’s stock worth $29,000 after buying an additional 374 shares during the period. Bank of Jackson Hole Trust acquired a new position in Toronto-Dominion Bank during the fourth quarter worth approximately $32,000. Finally, Moisand Fitzgerald Tamayo LLC acquired a new position in Toronto-Dominion Bank during the first quarter worth approximately $32,000. 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.