Cormark Predicts Weaker Earnings for Toronto-Dominion Bank

The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) – Cormark dropped their FY2025 earnings per share estimates for Toronto-Dominion Bank in a note issued to investors on Friday, December 6th. Cormark analyst L. Persaud now anticipates that the bank will post earnings per share of $5.62 for the year, down from their prior estimate of $5.99. The consensus estimate for Toronto-Dominion Bank’s current full-year earnings is $5.89 per share. Cormark also issued estimates for Toronto-Dominion Bank’s FY2026 earnings at $6.08 EPS.

Several other equities research analysts also recently issued reports on the company. StockNews.com downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Thursday, August 22nd. Scotiabank downgraded shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday. Royal Bank of Canada reduced their target price on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating for the company in a research note on Friday. Barclays lowered Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. Finally, Desjardins lowered Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $80.50.

Toronto-Dominion Bank Stock Down 1.6 %

Shares of NYSE TD opened at $51.96 on Monday. The firm has a 50 day moving average price of $57.30 and a 200 day moving average price of $57.65. The stock has a market cap of $90.94 billion, a P/E ratio of 14.97, a P/E/G ratio of 1.86 and a beta of 0.82. Toronto-Dominion Bank has a 52-week low of $51.74 and a 52-week high of $65.12. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.02 and a current ratio of 1.02.

Institutional Investors Weigh In On Toronto-Dominion Bank

Hedge funds have recently bought and sold shares of the company. Dunhill Financial LLC grew its stake in Toronto-Dominion Bank by 164.9% in the 3rd quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock valued at $25,000 after buying an additional 249 shares during the last quarter. Triad Wealth Partners LLC acquired a new stake in Toronto-Dominion Bank during the 2nd quarter worth approximately $31,000. Blue Trust Inc. boosted its stake in Toronto-Dominion Bank by 50.7% in the 2nd quarter. Blue Trust Inc. now owns 630 shares of the bank’s stock valued at $38,000 after purchasing an additional 212 shares during the period. Kimelman & Baird LLC acquired a new position in Toronto-Dominion Bank in the 2nd quarter valued at $49,000. Finally, Morse Asset Management Inc bought a new position in Toronto-Dominion Bank during the 3rd quarter worth $63,000. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Toronto-Dominion Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 10th will be paid a $0.7482 dividend. The ex-dividend date is Friday, January 10th. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. This represents a $2.99 annualized dividend and a dividend yield of 5.76%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 87.03%.

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.