The Toronto-Dominion Bank Forecasted to Post FY2024 Earnings of $7.89 Per Share (TSE:TD)

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Desjardins reduced their FY2024 earnings per share (EPS) estimates for Toronto-Dominion Bank in a research note issued on Thursday, October 10th. Desjardins analyst D. Young now forecasts that the company will post earnings of $7.89 per share for the year, down from their prior estimate of $7.95. Desjardins currently has a “Buy” rating and a $90.00 target price on the stock. The consensus estimate for Toronto-Dominion Bank’s current full-year earnings is $8.21 per share. Desjardins also issued estimates for Toronto-Dominion Bank’s Q4 2024 earnings at $1.80 EPS and FY2025 earnings at $8.05 EPS.

TD has been the topic of a number of other reports. National Bankshares raised shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating and boosted their target price for the stock from C$74.00 to C$78.00 in a research report on Friday, August 23rd. Barclays dropped their target price on Toronto-Dominion Bank from C$90.00 to C$80.00 in a research report on Friday, October 11th. Scotiabank lowered their price objective on Toronto-Dominion Bank from C$87.00 to C$86.00 in a research note on Monday, August 19th. Canaccord Genuity Group cut their target price on Toronto-Dominion Bank from C$93.50 to C$91.50 in a research report on Friday, October 11th. Finally, National Bank Financial raised shares of Toronto-Dominion Bank from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 22nd. Six research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$86.65.

Toronto-Dominion Bank Stock Down 1.0 %

Shares of Toronto-Dominion Bank stock opened at C$77.68 on Monday. The firm has a market cap of C$135.94 billion, a PE ratio of 17.98, a P/E/G ratio of 1.08 and a beta of 0.82. Toronto-Dominion Bank has a fifty-two week low of C$73.67 and a fifty-two week high of C$87.99. The business’s fifty day moving average is C$82.47 and its two-hundred day moving average is C$79.37.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its quarterly earnings results on Thursday, August 22nd. The company reported C$2.05 earnings per share (EPS) for the quarter, missing the consensus estimate of C$2.07 by C($0.02). Toronto-Dominion Bank had a return on equity of 7.33% and a net margin of 15.72%. The firm 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 business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 31st will be paid a $1.02 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 5.25%. Toronto-Dominion Bank’s dividend payout ratio is currently 94.44%.

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.