Toronto-Dominion Bank (NYSE:TD) (TSE:TD) – Equities researchers at Desjardins lifted their Q1 2018 earnings per share estimates for shares of Toronto-Dominion Bank in a research report issued on Friday, Zacks Investment Research reports. Desjardins analyst D. Young now expects that the bank will post earnings per share of $1.17 for the quarter, up from their previous estimate of $1.08. Desjardins currently has a “Buy” rating on the stock. Desjardins also issued estimates for Toronto-Dominion Bank’s FY2019 earnings at $5.12 EPS.
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings data on Thursday, March 1st. The bank reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.06. The business had revenue of $9.36 billion for the quarter, compared to analyst estimates of $8.96 billion. Toronto-Dominion Bank had a return on equity of 15.76% and a net margin of 22.12%. The company’s revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.33 EPS.
Several other equities research analysts also recently commented on the company. Zacks Investment Research upgraded Toronto-Dominion Bank from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a report on Wednesday, February 28th. CIBC upgraded Toronto-Dominion Bank from a “neutral” rating to an “outperform” rating in a report on Thursday, February 1st. Bank of America raised their target price on Toronto-Dominion Bank from $71.00 to $87.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $80.00 target price on shares of Toronto-Dominion Bank in a report on Thursday, November 30th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $77.20.
Shares of Toronto-Dominion Bank (NYSE:TD) traded up $0.17 during trading hours on Monday, hitting $58.50. The company had a trading volume of 1,223,381 shares, compared to its average volume of 1,392,288. The stock has a market cap of $107,860.00, a P/E ratio of 14.03, a P/E/G ratio of 1.16 and a beta of 0.94. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.11. Toronto-Dominion Bank has a 1-year low of $45.18 and a 1-year high of $61.06.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Tuesday, April 10th will be issued a dividend of $0.522 per share. The ex-dividend date is Monday, April 9th. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.47. This represents a $2.09 annualized dividend and a yield of 3.57%. Toronto-Dominion Bank’s payout ratio is currently 46.76%.
A number of hedge funds have recently bought and sold shares of the business. Teachers Advisors LLC increased its holdings in Toronto-Dominion Bank by 3.7% during the 2nd quarter. Teachers Advisors LLC now owns 2,556 shares of the bank’s stock worth $129,000 after purchasing an additional 92 shares during the last quarter. Advisory Services Network LLC increased its holdings in Toronto-Dominion Bank by 26.1% during the 2nd quarter. Advisory Services Network LLC now owns 2,353 shares of the bank’s stock worth $119,000 after purchasing an additional 487 shares during the last quarter. Biondo Investment Advisors LLC increased its holdings in Toronto-Dominion Bank by 1.4% during the 4th quarter. Biondo Investment Advisors LLC now owns 68,006 shares of the bank’s stock worth $3,984,000 after purchasing an additional 955 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Toronto-Dominion Bank by 0.3% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 293,928 shares of the bank’s stock worth $13,225,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Coastline Trust Co increased its holdings in Toronto-Dominion Bank by 1.1% during the 4th quarter. Coastline Trust Co now owns 96,975 shares of the bank’s stock worth $5,681,000 after purchasing an additional 1,020 shares during the last quarter. Institutional investors own 49.78% of the company’s stock.
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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.
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