Toronto-Dominion Bank to Post FY2017 Earnings of $5.36 Per Share, Cormark Forecasts (TD)
Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Investment analysts at Cormark boosted their FY2017 earnings estimates for Toronto-Dominion Bank in a research note issued on Tuesday. Cormark analyst M. Grauman now forecasts that the company will post earnings per share of $5.36 for the year, up from their prior estimate of $5.34. Cormark also issued estimates for Toronto-Dominion Bank’s FY2018 earnings at $5.72 EPS.
Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its quarterly earnings results on Thursday, May 25th. The company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.10. The business had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $8.54 billion. Toronto-Dominion Bank had a net margin of 28.23% and a return on equity of 14.16%. WARNING: This piece of content was reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another domain, it was copied illegally and republished in violation of international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/08/16/toronto-dominion-bank-to-post-fy2017-earnings-of-5-36-per-share-cormark-forecasts-td.html.
Several other brokerages have also recently commented on TD. Scotiabank upped their target price on Toronto-Dominion Bank from C$70.00 to C$71.00 and gave the company a “sector perform” rating in a report on Friday, May 26th. Royal Bank Of Canada upped their target price on Toronto-Dominion Bank from C$68.00 to C$70.00 and gave the company a “sector perform” rating in a report on Friday, May 26th. Finally, Barclays PLC upped their target price on Toronto-Dominion Bank from C$69.00 to C$70.00 in a report on Friday, August 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of C$69.43.
Shares of Toronto-Dominion Bank (TD) opened at 64.18 on Wednesday. The firm has a market capitalization of $118.31 billion and a P/E ratio of 12.68. Toronto-Dominion Bank has a 12 month low of $56.52 and a 12 month high of $71.31. The company has a 50 day moving average of $64.82 and a 200-day moving average of $65.75.
Toronto-Dominion Bank Company Profile
Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.
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