Toronto-Dominion Bank (NYSE:TD) (TSE:TD) – Equities researchers at National Bank Financial cut their Q1 2020 earnings estimates for Toronto-Dominion Bank in a research note issued to investors on Thursday, December 5th. National Bank Financial analyst G. Dechaine now expects that the bank will post earnings of $1.25 per share for the quarter, down from their prior estimate of $1.29. National Bank Financial has a “Buy” rating and a $84.00 price target on the stock. National Bank Financial also issued estimates for Toronto-Dominion Bank’s Q2 2020 earnings at $1.29 EPS and FY2021 earnings at $5.36 EPS.
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, December 5th. The bank reported $1.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.28. The company had revenue of $10.34 billion for the quarter, compared to analysts’ expectations of $10.08 billion. Toronto-Dominion Bank had a return on equity of 15.69% and a net margin of 19.76%. Toronto-Dominion Bank’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the firm posted $1.63 EPS.
TD has been the topic of a number of other reports. Barclays set a $80.00 price objective on Toronto-Dominion Bank and gave the company a “buy” rating in a report on Thursday, August 29th. CIBC cut Toronto-Dominion Bank from a “sector outperform” rating to a “neutral” rating and set a $82.00 price objective on the stock. in a report on Thursday, November 21st. ValuEngine cut Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 13th. Scotiabank set a $80.00 price objective on Toronto-Dominion Bank and gave the company a “buy” rating in a report on Friday, August 30th. Finally, Bank of America cut Toronto-Dominion Bank from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $82.00 to $77.00 in a report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. Toronto-Dominion Bank currently has a consensus rating of “Hold” and a consensus price target of $78.09.
Shares of NYSE TD opened at $55.11 on Monday. The stock has a market cap of $100.09 billion, a price-to-earnings ratio of 10.96, a P/E/G ratio of 1.86 and a beta of 1.06. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.13. Toronto-Dominion Bank has a 1-year low of $47.73 and a 1-year high of $59.55. The stock’s 50-day moving average is $57.37 and its 200 day moving average is $56.86.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 10th will be paid a $0.5605 dividend. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.55. This represents a $2.24 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date is Thursday, January 9th. Toronto-Dominion Bank’s payout ratio is 44.53%.
A number of institutional investors have recently made changes to their positions in the business. Claro Advisors LLC increased its stake in Toronto-Dominion Bank by 0.6% in the 3rd quarter. Claro Advisors LLC now owns 30,845 shares of the bank’s stock worth $1,797,000 after purchasing an additional 196 shares during the period. Valmark Advisers Inc. increased its stake in shares of Toronto-Dominion Bank by 3.5% during the third quarter. Valmark Advisers Inc. now owns 5,764 shares of the bank’s stock valued at $336,000 after buying an additional 197 shares during the period. Norway Savings Bank increased its stake in shares of Toronto-Dominion Bank by 13.5% during the third quarter. Norway Savings Bank now owns 1,679 shares of the bank’s stock valued at $98,000 after buying an additional 200 shares during the period. Compagnie Lombard Odier SCmA increased its stake in shares of Toronto-Dominion Bank by 8.6% during the second quarter. Compagnie Lombard Odier SCmA now owns 2,714 shares of the bank’s stock valued at $158,000 after buying an additional 214 shares during the period. Finally, First Financial Corp IN increased its stake in shares of Toronto-Dominion Bank by 16.1% during the third quarter. First Financial Corp IN now owns 1,561 shares of the bank’s stock valued at $91,000 after buying an additional 216 shares during the period. 47.44% of the stock is currently owned by institutional investors and hedge funds.
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.
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