Toronto-Dominion Bank (TD) Projected to Post Earnings on Thursday

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) is anticipated to announce its earnings results before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $1.36 per share and revenue of $13.26 billion for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Toronto-Dominion Bank Price Performance

NYSE TD opened at $60.38 on Friday. The stock has a 50-day simple moving average of $55.91 and a 200 day simple moving average of $57.51. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $105.68 billion, a PE ratio of 17.40, a P/E/G ratio of 1.94 and a beta of 0.84. Toronto-Dominion Bank has a twelve month low of $51.25 and a twelve month high of $64.91.

Toronto-Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were issued a $0.7482 dividend. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend was Friday, January 10th. This represents a $2.99 annualized dividend and a yield of 4.96%. Toronto-Dominion Bank’s dividend payout ratio is 84.15%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Barclays cut Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. Bank of America raised Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. BMO Capital Markets raised Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. Royal Bank of Canada cut their price target on Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating for the company in a report on Friday, December 6th. Finally, StockNews.com raised Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Toronto-Dominion Bank presently has a consensus rating of “Hold” and an average target price of $80.50.

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.