Analysts predict that Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) will post earnings of $1.12 per share for the current quarter, according to Zacks. Two analysts have made estimates for Toronto Dominion Bank (The)’s earnings. The highest EPS estimate is $1.14 and the lowest is $1.10. Toronto Dominion Bank (The) reported earnings per share of $0.93 during the same quarter last year, which suggests a positive year over year growth rate of 20.4%. The company is expected to issue its next quarterly earnings report on Thursday, December 7th.

On average, analysts expect that Toronto Dominion Bank (The) will report full-year earnings of $4.46 per share for the current year, with EPS estimates ranging from $4.44 to $4.50. For the next financial year, analysts expect that the company will post earnings of $4.74 per share, with EPS estimates ranging from $4.64 to $4.79. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Toronto Dominion Bank (The).

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

TD has been the topic of a number of recent research reports. Bank of America Corporation reissued a “buy” rating on shares of Toronto Dominion Bank (The) in a research note on Friday, September 1st. Canaccord Genuity reissued a “buy” rating and set a $72.00 price target on shares of Toronto Dominion Bank (The) in a research note on Thursday, August 31st. Zacks Investment Research raised Toronto Dominion Bank (The) from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research note on Wednesday, July 19th. BidaskClub raised Toronto Dominion Bank (The) from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Finally, National Bank Financial raised Toronto Dominion Bank (The) from a “sector perform” rating to an “outperform” rating in a research note on Friday, September 1st. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $64.75.

Institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC lifted its stake in shares of Toronto Dominion Bank (The) by 10.0% in the second quarter. Parallel Advisors LLC now owns 2,151 shares of the bank’s stock worth $111,000 after acquiring an additional 196 shares during the period. Cornerstone Advisors Inc. lifted its stake in shares of Toronto Dominion Bank (The) by 5.2% in the second quarter. Cornerstone Advisors Inc. now owns 2,319 shares of the bank’s stock worth $117,000 after acquiring an additional 114 shares during the period. Cribstone Capital Management LLC lifted its stake in shares of Toronto Dominion Bank (The) by 47.3% in the second quarter. Cribstone Capital Management LLC now owns 2,341 shares of the bank’s stock worth $118,000 after acquiring an additional 752 shares during the period. Advisory Services Network LLC lifted its stake in shares of Toronto Dominion Bank (The) by 26.1% in the second quarter. Advisory Services Network LLC now owns 2,353 shares of the bank’s stock worth $119,000 after acquiring an additional 487 shares during the period. Finally, Baystate Wealth Management LLC acquired a new position in shares of Toronto Dominion Bank (The) in the second quarter worth approximately $121,000. 47.69% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: “Zacks: Analysts Expect Toronto Dominion Bank (The) (TD) Will Announce Earnings of $1.12 Per Share” was first published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright and trademark law. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/10/23/zacks-analysts-expect-toronto-dominion-bank-the-td-will-announce-earnings-of-1-12-per-share.html.

Toronto Dominion Bank (TD) opened at 56.82 on Monday. The stock has a market cap of $105.04 billion, a PE ratio of 13.08 and a beta of 0.89. Toronto Dominion Bank has a 52-week low of $44.37 and a 52-week high of $57.79. The firm has a 50-day moving average price of $55.99 and a 200 day moving average price of $51.07.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 6th will be paid a $0.475 dividend. This is a positive change from Toronto Dominion Bank (The)’s previous quarterly dividend of $0.44. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend is Thursday, October 5th. Toronto Dominion Bank (The)’s payout ratio is currently 47.62%.

Toronto Dominion Bank (The) declared that its board has approved a share buyback program on Thursday, August 31st that authorizes the company to repurchase 20,000,000 outstanding shares. This repurchase authorization authorizes the bank to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Toronto Dominion Bank (The) 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.

Get a free copy of the Zacks research report on Toronto Dominion Bank (The) (TD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Toronto Dominion Bank (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toronto Dominion Bank (The) and related companies with MarketBeat.com's FREE daily email newsletter.