Toronto-Dominion Bank (NYSE:TD) (TSE:TD) – Desjardins issued their Q1 2020 earnings per share (EPS) estimates for shares of Toronto-Dominion Bank in a report released on Thursday, December 5th. Desjardins analyst D. Young anticipates that the bank will post earnings per share of $1.25 for the quarter. Desjardins has a “Buy” rating and a $81.00 price objective on the stock. Desjardins also issued estimates for Toronto-Dominion Bank’s Q2 2020 earnings at $1.29 EPS, Q3 2020 earnings at $1.32 EPS, Q4 2020 earnings at $1.28 EPS and FY2021 earnings at $5.40 EPS.
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last issued its quarterly earnings results on Thursday, December 5th. The bank reported $1.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.28. Toronto-Dominion Bank had a return on equity of 15.69% and a net margin of 19.76%. The firm had revenue of $10.34 billion during the quarter, compared to analyst estimates of $10.08 billion. During the same period last year, the company earned $1.63 EPS. Toronto-Dominion Bank’s quarterly revenue was up 2.0% compared to the same quarter last year.
TD has been the topic of several other reports. Scotiabank set a $80.00 price objective on Toronto-Dominion Bank and gave the stock a “buy” rating in a report on Friday, August 30th. ValuEngine downgraded Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 13th. National Bank Financial set a $84.00 price objective on Toronto-Dominion Bank and gave the stock a “buy” rating in a report on Friday, August 30th. CSFB downgraded Toronto-Dominion Bank from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $76.00 to $74.00 in a report on Monday, October 28th. Finally, Zacks Investment Research upgraded Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $78.09.
Shares of TD stock opened at $55.11 on Monday. The stock has a 50 day moving average price of $57.37 and a 200 day moving average price of $56.86. The firm has a market capitalization of $100.09 billion, a P/E ratio of 10.96, a P/E/G ratio of 1.86 and a beta of 1.06. Toronto-Dominion Bank has a 52-week low of $47.73 and a 52-week high of $59.55. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.00 and a current ratio of 1.00.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be issued a $0.5605 dividend. The ex-dividend date is Thursday, January 9th. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.55. This represents a $2.24 dividend on an annualized basis and a dividend yield of 4.07%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 44.53%.
Several large investors have recently made changes to their positions in TD. Janney Montgomery Scott LLC increased its holdings in shares of Toronto-Dominion Bank by 2.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 38,485 shares of the bank’s stock valued at $2,246,000 after acquiring an additional 779 shares during the period. First Trust Advisors LP increased its holdings in shares of Toronto-Dominion Bank by 9.6% in the 2nd quarter. First Trust Advisors LP now owns 580,200 shares of the bank’s stock valued at $33,860,000 after acquiring an additional 50,655 shares during the period. Investment Partners LTD. purchased a new position in shares of Toronto-Dominion Bank in the 2nd quarter valued at $208,000. Highstreet Asset Management Inc. increased its holdings in shares of Toronto-Dominion Bank by 21.5% in the 2nd quarter. Highstreet Asset Management Inc. now owns 2,421,994 shares of the bank’s stock valued at $141,523,000 after acquiring an additional 428,773 shares during the period. Finally, Intact Investment Management Inc. increased its holdings in shares of Toronto-Dominion Bank by 11.0% in the 2nd quarter. Intact Investment Management Inc. now owns 2,211,595 shares of the bank’s stock valued at $168,944,000 after acquiring an additional 219,700 shares during the period. Institutional investors and hedge funds own 47.44% of the company’s stock.
About Toronto-Dominion Bank
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.
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