Toronto-Dominion Bank (TD) Announces Quarterly Earnings Results, Beats Estimates By $0.07 EPS
Toronto-Dominion Bank (TSE:TD) released its earnings data on Friday. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.07, Analyst Ratings Network.com reports.
Shares of Toronto-Dominion Bank (TSE:TD) opened at 53.25 on Friday. Toronto-Dominion Bank has a one year low of $40.235 and a one year high of $53.32. The stock’s 50-day moving average is $51.86 and its 200-day moving average is $49.91. The company has a market cap of $97.857 billion and a P/E ratio of 14.40.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 31st. Investors of record on Wednesday, July 9th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 3.53%.
TD has been the subject of a number of recent research reports. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Toronto-Dominion Bank from C$50.00 to C$51.00 in a research note on Tuesday. They now have a “market perform” rating on the stock. On the ratings front, analysts at National Bank Financial raised their price target on shares of Toronto-Dominion Bank from C$54.00 to C$56.00 in a research note on Thursday, May 15th. Finally, analysts at Canaccord Genuity initiated coverage on shares of Toronto-Dominion Bank in a research note on Thursday, May 1st. They set a “hold” rating and a C$53.00 price target on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of C$70.00.
The Toronto-Dominion Bank is a Canada-based bank, offering a range of financial products and services through TD Canada Trust, TD Bank, TD commercial Bank, TD commercial Banking and TD Auto finance.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.