FY2025 Earnings Forecast for The Toronto-Dominion Bank Issued By Cormark (TSE:TD)

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Equities research analysts at Cormark cut their FY2025 EPS estimates for shares of Toronto-Dominion Bank in a research report issued to clients and investors on Friday, October 11th. Cormark analyst L. Persaud now forecasts that the company will post earnings per share of $8.10 for the year, down from their prior estimate of $8.21. The consensus estimate for Toronto-Dominion Bank’s current full-year earnings is $8.21 per share.

A number of other research analysts also recently issued reports on TD. Bank of America boosted their price target on Toronto-Dominion Bank from C$85.00 to C$90.00 in a report on Friday, August 23rd. Desjardins decreased their target price on shares of Toronto-Dominion Bank from C$91.00 to C$90.00 and set a “buy” rating for the company in a research note on Friday, August 23rd. Canaccord Genuity Group dropped their price target on shares of Toronto-Dominion Bank from C$93.50 to C$91.50 in a research report on Friday. CIBC decreased their price objective on shares of Toronto-Dominion Bank from C$100.00 to C$96.00 in a research report on Friday. Finally, Scotiabank lowered their target price on shares of Toronto-Dominion Bank from C$87.00 to C$86.00 in a research note on Monday, August 19th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Toronto-Dominion Bank has an average rating of “Moderate Buy” and a consensus target price of C$86.65.

Toronto-Dominion Bank Stock Down 4.0 %

Shares of TD stock opened at C$78.48 on Monday. Toronto-Dominion Bank has a 52-week low of C$73.67 and a 52-week high of C$87.99. The stock has a market cap of C$137.34 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 1.08 and a beta of 0.82. The business has a 50-day simple moving average of C$82.46 and a 200-day simple moving average of C$79.40.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its earnings results on Thursday, August 22nd. The company reported C$2.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$2.07 by C($0.02). Toronto-Dominion Bank had a net margin of 15.72% and a return on equity of 7.33%. The business had revenue of C$14.18 billion for the quarter, compared to analyst estimates of C$14.12 billion.

Toronto-Dominion Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 31st will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $4.08 annualized dividend and a yield of 5.20%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 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.