Wall Street analysts expect Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) to report $7.22 billion in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Toronto Dominion Bank (The)’s earnings, with the highest sales estimate coming in at $7.46 billion and the lowest estimate coming in at $6.98 billion. Toronto Dominion Bank (The) reported sales of $6.67 billion in the same quarter last year, which indicates a positive year over year growth rate of 8.2%. The business is scheduled to report its next quarterly earnings results on Thursday, December 7th.

On average, analysts expect that Toronto Dominion Bank (The) will report full-year sales of $7.22 billion for the current fiscal year, with estimates ranging from $27.18 billion to $28.96 billion. For the next fiscal year, analysts forecast that the business will post sales of $29.53 billion per share, with estimates ranging from $28.46 billion to $30.60 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Toronto Dominion Bank (The).

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last announced its earnings results on Thursday, August 31st. The bank reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.06. The firm had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.05 billion. Toronto Dominion Bank (The) had a return on equity of 14.71% and a net margin of 22.85%. The business’s revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.27 EPS.

Several equities analysts have recently issued reports on the company. Bank of America Corporation reiterated a “buy” rating on shares of Toronto Dominion Bank (The) in a research report on Friday, September 1st. National Bank Financial upgraded Toronto Dominion Bank (The) from a “sector perform” rating to an “outperform” rating in a research report on Friday, September 1st. Canaccord Genuity reiterated a “buy” rating and set a $72.00 price objective on shares of Toronto Dominion Bank (The) in a research report on Thursday, August 31st. BidaskClub upgraded Toronto Dominion Bank (The) from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Finally, Scotiabank upgraded Toronto Dominion Bank (The) from a “sector perform” rating to an “outperform” rating in a research report on Monday, August 21st. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Toronto Dominion Bank (The) has a consensus rating of “Buy” and a consensus price target of $64.75.

A number of large investors have recently made changes to their positions in TD. Meeder Asset Management Inc. raised its stake in Toronto Dominion Bank (The) by 25.5% during the 1st quarter. Meeder Asset Management Inc. now owns 2,187 shares of the bank’s stock valued at $110,000 after purchasing an additional 444 shares during the period. Parallel Advisors LLC grew its holdings in shares of Toronto Dominion Bank (The) by 10.0% during the 2nd quarter. Parallel Advisors LLC now owns 2,151 shares of the bank’s stock valued at $111,000 after acquiring an additional 196 shares in the last quarter. Cornerstone Advisors Inc. grew its holdings in shares of Toronto Dominion Bank (The) by 5.2% during the 2nd quarter. Cornerstone Advisors Inc. now owns 2,319 shares of the bank’s stock valued at $117,000 after acquiring an additional 114 shares in the last quarter. Cribstone Capital Management LLC grew its holdings in shares of Toronto Dominion Bank (The) by 47.3% during the 2nd quarter. Cribstone Capital Management LLC now owns 2,341 shares of the bank’s stock valued at $118,000 after acquiring an additional 752 shares in the last quarter. Finally, Advisory Services Network LLC grew its holdings in shares of Toronto Dominion Bank (The) by 26.1% during the 2nd quarter. Advisory Services Network LLC now owns 2,353 shares of the bank’s stock valued at $119,000 after acquiring an additional 487 shares in the last quarter. 47.70% of the stock is currently owned by institutional investors.

Shares of Toronto Dominion Bank (TD) opened at 56.24 on Friday. The firm has a market capitalization of $103.97 billion, a PE ratio of 12.95 and a beta of 0.89. The firm’s 50-day moving average price is $54.32 and its 200-day moving average price is $50.47. Toronto Dominion Bank has a 52-week low of $43.31 and a 52-week high of $57.59.

Toronto Dominion Bank (The) announced that its Board of Directors has initiated a stock repurchase plan on Thursday, August 31st that permits the company to buyback 20,000,000 outstanding shares. This buyback authorization permits the bank to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th will be issued a $0.475 dividend. The ex-dividend date is Thursday, October 5th. This represents a $1.90 annualized dividend and a dividend yield of 3.38%. This is a boost from Toronto Dominion Bank (The)’s previous quarterly dividend of $0.44. Toronto Dominion Bank (The)’s dividend payout ratio is currently 46.37%.

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About Toronto Dominion Bank (The)

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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Earnings History and Estimates for Toronto Dominion Bank (The) (NYSE:TD)

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