Toronto-Dominion Bank (NYSE:TD) (TSE:TD) – Stock analysts at National Bank Financial issued their Q4 2019 earnings estimates for Toronto-Dominion Bank in a research report issued to clients and investors on Thursday, May 23rd. National Bank Financial analyst G. Dechaine anticipates that the bank will earn $1.27 per share for the quarter. National Bank Financial currently has a “Sector Perform” rating on the stock. National Bank Financial also issued estimates for Toronto-Dominion Bank’s Q1 2020 earnings at $1.31 EPS.
Other equities analysts also recently issued reports about the company. Canaccord Genuity reaffirmed a “buy” rating on shares of Toronto-Dominion Bank in a research note on Thursday, May 23rd. Zacks Investment Research downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, April 24th. Barclays reaffirmed a “hold” rating on shares of Toronto-Dominion Bank in a research note on Thursday, May 23rd. Finally, BMO Capital Markets reaffirmed a “buy” rating on shares of Toronto-Dominion Bank in a research note on Friday, May 24th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $60.00.
NYSE TD opened at $56.40 on Monday. Toronto-Dominion Bank has a 1-year low of $47.73 and a 1-year high of $62.00. The company has a market capitalization of $103.52 billion, a P/E ratio of 11.21, a PEG ratio of 1.81 and a beta of 1.06. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.11.
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings data on Thursday, May 23rd. The bank reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.50. Toronto-Dominion Bank had a return on equity of 16.21% and a net margin of 20.24%. The firm had revenue of $10.23 billion during the quarter, compared to the consensus estimate of $9.46 billion. During the same period last year, the business posted $1.62 EPS. Toronto-Dominion Bank’s quarterly revenue was up 8.0% on a year-over-year basis.
A number of institutional investors have recently added to or reduced their stakes in TD. Citizens Financial Group Inc RI acquired a new stake in shares of Toronto-Dominion Bank during the first quarter worth $28,000. Financial Gravity Wealth Inc. acquired a new stake in shares of Toronto-Dominion Bank during the first quarter worth $29,000. Capital Investment Advisory Services LLC acquired a new stake in shares of Toronto-Dominion Bank during the fourth quarter worth $27,000. Farmers National Bank acquired a new stake in shares of Toronto-Dominion Bank during the first quarter worth $33,000. Finally, Manchester Capital Management LLC acquired a new stake in shares of Toronto-Dominion Bank during the first quarter worth $37,000. 48.36% of the stock is owned by institutional investors.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 10th will be given a dividend of $0.5511 per share. This represents a $2.20 annualized dividend and a yield of 3.91%. The ex-dividend date is Tuesday, July 9th. Toronto-Dominion Bank’s payout ratio is 44.14%.
Toronto-Dominion Bank Company Profile
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.