FY2019 EPS Estimates for Toronto-Dominion Bank Decreased by Analyst (TD)

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Equities researchers at Desjardins decreased their FY2019 earnings estimates for Toronto-Dominion Bank in a research report issued to clients and investors on Tuesday, November 6th. Desjardins analyst D. Young now expects that the company will post earnings per share of $6.80 for the year, down from their previous estimate of $6.85. Desjardins currently has a “Buy” rating and a $87.00 target price on the stock.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its earnings results on Thursday, August 30th. The company reported C$1.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$1.61 by C$0.05. The business had revenue of C$9.89 billion during the quarter, compared to the consensus estimate of C$9.39 billion.

Several other brokerages have also commented on TD. National Bank Financial raised their price target on shares of Toronto-Dominion Bank from C$84.00 to C$86.00 and gave the company an “outperform” rating in a research note on Friday, August 31st. BMO Capital Markets raised their price target on shares of Toronto-Dominion Bank from C$82.00 to C$83.00 in a research note on Friday, August 31st. Finally, Eight Capital raised their price target on shares of Toronto-Dominion Bank from C$89.00 to C$93.00 in a research note on Friday, August 31st. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of C$85.15.

Shares of TSE:TD opened at C$73.24 on Thursday. Toronto-Dominion Bank has a 52 week low of C$69.21 and a 52 week high of C$80.05.

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Wednesday, October 10th were paid a $0.67 dividend. The ex-dividend date was Tuesday, October 9th. This represents a $2.68 annualized dividend and a dividend yield of 3.66%. Toronto-Dominion Bank’s payout ratio is currently 43.42%.

In other Toronto-Dominion Bank news, insider Michael George Rhodes sold 25,824 shares of the firm’s stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of C$78.98, for a total value of C$2,039,579.52.

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. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to small, medium, and large 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.

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

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