FY2018 EPS Estimates for Toronto-Dominion Bank (TD) Lifted by Cormark

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Stock analysts at Cormark boosted their FY2018 earnings per share (EPS) estimates for shares of Toronto-Dominion Bank in a note issued to investors on Friday. Cormark analyst M. Grauman now anticipates that the company will post earnings per share of $6.02 for the year, up from their prior estimate of $5.98. Cormark also issued estimates for Toronto-Dominion Bank’s FY2019 earnings at $6.46 EPS.

A number of other research analysts also recently issued reports on TD. Canaccord Genuity lifted their price objective on shares of Toronto-Dominion Bank from C$74.00 to C$78.00 in a research report on Wednesday, November 1st. CIBC lifted their price objective on shares of Toronto-Dominion Bank from C$73.00 to C$79.00 in a research report on Monday, November 13th. BMO Capital Markets lifted their price objective on shares of Toronto-Dominion Bank from C$74.00 to C$76.00 in a research report on Friday, December 1st. CSFB lifted their price objective on shares of Toronto-Dominion Bank from C$75.00 to C$77.00 in a research report on Friday, December 1st. Finally, Eight Capital lifted their price objective on shares of Toronto-Dominion Bank from C$73.00 to C$76.00 in a research report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of C$77.33.

Toronto-Dominion Bank (TSE TD) opened at C$72.55 on Monday. Toronto-Dominion Bank has a 12-month low of C$61.50 and a 12-month high of C$75.21. The company has a market cap of $133,740.00, a PE ratio of 13.21 and a beta of 0.55.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its earnings results on Thursday, November 30th. The company reported C$1.36 EPS for the quarter, missing analysts’ consensus estimates of C$1.41 by C($0.05). The business had revenue of C$9.27 billion for the quarter, compared to analysts’ expectations of C$9.03 billion. Toronto-Dominion Bank had a net margin of 28.14% and a return on equity of 15.43%.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend was Tuesday, January 9th. Toronto-Dominion Bank’s payout ratio is 42.81%.

In related news, insider Theresa Lynn Currie sold 59,560 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of C$72.64, for a total value of C$4,326,438.40. Also, insider Robert E. Dorrance sold 374,400 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of C$73.69, for a total transaction of C$27,589,536.00.

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About Toronto-Dominion Bank

Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.

Earnings History and Estimates for Toronto-Dominion Bank (TSE:TD)

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FY2018 EPS Estimates for Toronto-Dominion Bank (TD) Lifted by Cormark

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Analysts at Cormark lifted their FY2018 EPS estimates for Toronto-Dominion Bank in a note issued to investors on Friday. Cormark analyst M. Grauman now anticipates that the company will earn $6.02 per share for the year, up from their prior estimate of $5.98. Cormark also issued estimates for Toronto-Dominion Bank’s FY2019 earnings at $6.46 EPS.

A number of other brokerages have also issued reports on TD. Canaccord Genuity upped their target price on Toronto-Dominion Bank from C$74.00 to C$78.00 in a research report on Wednesday, November 1st. CIBC upped their target price on Toronto-Dominion Bank from C$73.00 to C$79.00 in a research report on Monday, November 13th. BMO Capital Markets upped their target price on Toronto-Dominion Bank from C$74.00 to C$76.00 in a research report on Friday, December 1st. CSFB upped their target price on Toronto-Dominion Bank from C$75.00 to C$77.00 in a research report on Friday, December 1st. Finally, Eight Capital upped their target price on Toronto-Dominion Bank from C$73.00 to C$76.00 in a research report on Friday, December 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of C$77.33.

Toronto-Dominion Bank (TSE TD) opened at C$72.55 on Monday. The company has a market capitalization of $133,740.00, a P/E ratio of 13.21 and a beta of 0.55. Toronto-Dominion Bank has a 52-week low of C$61.50 and a 52-week high of C$75.21.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its quarterly earnings results on Thursday, November 30th. The company reported C$1.36 EPS for the quarter, missing the consensus estimate of C$1.41 by C($0.05). The company had revenue of C$9.27 billion for the quarter, compared to analyst estimates of C$9.03 billion. Toronto-Dominion Bank had a return on equity of 15.43% and a net margin of 28.14%.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date was Tuesday, January 9th. Toronto-Dominion Bank’s payout ratio is 42.81%.

In other news, insider Robert E. Dorrance sold 374,400 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of C$73.69, for a total value of C$27,589,536.00. Also, insider Theresa Lynn Currie sold 59,560 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of C$72.64, for a total value of C$4,326,438.40.

TRADEMARK VIOLATION WARNING: This piece of content was originally posted by The Lincolnian Online and is owned by of The Lincolnian Online. If you are reading this piece of content on another website, it was copied illegally and republished in violation of international copyright and trademark legislation. The original version of this piece of content can be accessed at https://www.thelincolnianonline.com/2018/02/19/fy2018-eps-estimates-for-toronto-dominion-bank-td-lifted-by-cormark.html.

About Toronto-Dominion Bank

Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.

Earnings History and Estimates for Toronto-Dominion Bank (TSE:TD)

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