Q1 2018 Earnings Forecast for Toronto-Dominion Bank Issued By Desjardins (TD)
Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Desjardins issued their Q1 2018 earnings per share (EPS) estimates for Toronto-Dominion Bank in a research report issued on Thursday. Desjardins analyst D. Young expects that the company will earn $1.39 per share for the quarter. Desjardins also issued estimates for Toronto-Dominion Bank’s Q2 2018 earnings at $1.45 EPS, Q3 2018 earnings at $1.53 EPS, Q4 2018 earnings at $1.47 EPS and FY2019 earnings at $6.30 EPS.
Several other analysts have also weighed in on TD. Barclays lifted their price objective on Toronto-Dominion Bank from C$69.00 to C$70.00 in a report on Friday, August 11th. Scotiabank raised their target price on Toronto-Dominion Bank from C$71.00 to C$73.00 and gave the stock an “outperform” rating in a research report on Monday, August 21st. BMO Capital Markets raised their target price on Toronto-Dominion Bank from C$72.00 to C$74.00 and gave the stock an “outperform” rating in a research report on Friday, September 1st. Canaccord Genuity raised their target price on Toronto-Dominion Bank from C$72.00 to C$74.00 in a research report on Friday, September 1st. Finally, CIBC raised their target price on Toronto-Dominion Bank from C$71.00 to C$73.00 in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. Toronto-Dominion Bank presently has a consensus rating of “Buy” and an average price target of C$75.31.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th will be given a $0.60 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $2.40 annualized dividend and a yield of 3.27%. Toronto-Dominion Bank’s payout ratio is 41.82%.
In other Toronto-Dominion Bank news, insider Theresa Lynn Currie sold 2,128 shares of Toronto-Dominion Bank stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of C$66.86, for a total value of C$142,278.08.
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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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