Cormark Expects Higher Earnings for Toronto-Dominion Bank

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Equities research analysts at Cormark upped their FY2024 earnings per share (EPS) estimates for shares of Toronto-Dominion Bank in a report issued on Monday, November 25th. Cormark analyst L. Persaud now forecasts that the company will earn $7.90 per share for the year, up from their prior forecast of $7.89. The consensus estimate for Toronto-Dominion Bank’s current full-year earnings is $7.22 per share. Cormark also issued estimates for Toronto-Dominion Bank’s FY2026 earnings at $8.74 EPS.

Other equities research analysts have also issued reports about the company. Bank of America increased their target price on Toronto-Dominion Bank from C$85.00 to C$90.00 in a research report on Friday, August 23rd. Royal Bank of Canada lowered Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$88.00 to C$82.00 in a research report on Friday, October 11th. Scotiabank increased their target price on Toronto-Dominion Bank from C$86.00 to C$98.00 in a research report on Monday. Barclays lowered Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Finally, Desjardins lowered their price target on Toronto-Dominion Bank from C$91.00 to C$90.00 and set a “buy” rating on the stock in a report on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$87.42.

Toronto-Dominion Bank Price Performance

Shares of TD opened at C$79.08 on Tuesday. The business’s fifty day moving average price is C$80.96 and its 200 day moving average price is C$79.16. Toronto-Dominion Bank has a 12-month low of C$73.67 and a 12-month high of C$87.99. The stock has a market capitalization of C$138.39 billion, a PE ratio of 18.31, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 31st were paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date of this dividend was Thursday, October 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 94.44%.

Toronto-Dominion Bank Company Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.