Cormark Has Negative Forecast for TSE:TD FY2025 Earnings

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Stock analysts at Cormark cut their FY2025 EPS estimates for shares of Toronto-Dominion Bank in a report released on Friday, February 21st. Cormark analyst L. Persaud now anticipates that the company will post earnings of $7.76 per share for the year, down from their previous estimate of $7.91. The consensus estimate for Toronto-Dominion Bank’s current full-year earnings is $7.22 per share.

Other equities analysts have also issued research reports about the stock. Barclays lowered shares of Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Desjardins downgraded shares of Toronto-Dominion Bank from a “moderate buy” rating to a “hold” rating in a research note on Thursday, December 5th. Royal Bank of Canada lifted their price target on shares of Toronto-Dominion Bank from C$77.00 to C$86.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 8th. National Bankshares cut their target price on shares of Toronto-Dominion Bank from C$85.00 to C$80.00 in a report on Friday, December 6th. Finally, Scotiabank cut their price target on shares of Toronto-Dominion Bank from C$83.00 to C$82.00 and set a “sector perform” rating on the stock in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of C$88.67.

Toronto-Dominion Bank Stock Up 0.7 %

Toronto-Dominion Bank stock opened at C$85.27 on Monday. Toronto-Dominion Bank has a 12-month low of C$73.22 and a 12-month high of C$87.99. The firm’s fifty day moving average is C$80.77 and its 200 day moving average is C$80.50. The company has a market capitalization of C$149.60 billion, a PE ratio of 16.89, a PEG ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 31st were given a dividend of $1.05 per share. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $1.02. The ex-dividend date was Friday, January 10th. This represents a $4.20 annualized dividend and a yield of 4.93%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 80.84%.

About Toronto-Dominion Bank

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.