Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) – Cormark cut their Q1 2018 EPS estimates for shares of Toronto Dominion Bank in a research report issued on Friday. Cormark analyst M. Grauman now forecasts that the bank will post earnings per share of $1.14 for the quarter, down from their previous estimate of $1.18. Cormark also issued estimates for Toronto Dominion Bank’s Q2 2018 earnings at $1.10 EPS, Q3 2018 earnings at $1.16 EPS, FY2018 earnings at $4.58 EPS, Q1 2019 earnings at $1.20 EPS, Q2 2019 earnings at $1.16 EPS, Q3 2019 earnings at $1.21 EPS, Q4 2019 earnings at $1.24 EPS and FY2019 earnings at $4.81 EPS.

Several other equities analysts have also recently weighed in on the stock. Macquarie initiated coverage on shares of Toronto Dominion Bank in a research note on Tuesday, October 24th. They set an “outperform” rating for the company. Scotiabank restated a “buy” rating and issued a $83.00 target price on shares of Toronto Dominion Bank in a report on Wednesday, November 22nd. Zacks Investment Research lowered shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. National Bank Financial upgraded shares of Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a report on Friday, September 1st. Finally, BidaskClub upgraded shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. Toronto Dominion Bank presently has an average rating of “Buy” and a consensus price target of $72.50.

Shares of Toronto Dominion Bank (NYSE TD) opened at $57.79 on Monday. The stock has a market cap of $106,476.34, a price-to-earnings ratio of 13.66, a PEG ratio of 1.26 and a beta of 0.88. Toronto Dominion Bank has a 52 week low of $45.18 and a 52 week high of $58.76. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick ratio of 0.96.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last released its quarterly earnings results 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. The business had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.05 billion. Toronto Dominion Bank had a net margin of 23.09% and a return on equity of 15.27%. The company’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period last year, the firm earned $1.27 earnings per share.

Several large investors have recently bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of Toronto Dominion Bank by 3.8% in the 1st quarter. Geode Capital Management LLC now owns 17,914 shares of the bank’s stock worth $897,000 after buying an additional 660 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of Toronto Dominion Bank by 9.4% in the 2nd quarter. Janney Montgomery Scott LLC now owns 26,176 shares of the bank’s stock worth $1,319,000 after buying an additional 2,247 shares during the last quarter. Rothschild Asset Management Inc. grew its position in shares of Toronto Dominion Bank by 2.5% in the 2nd quarter. Rothschild Asset Management Inc. now owns 44,231 shares of the bank’s stock worth $2,882,000 after buying an additional 1,058 shares during the last quarter. IFP Advisors Inc grew its position in shares of Toronto Dominion Bank by 14.9% in the 2nd quarter. IFP Advisors Inc now owns 11,142 shares of the bank’s stock worth $561,000 after buying an additional 1,448 shares during the last quarter. Finally, TD Asset Management Inc. grew its position in shares of Toronto Dominion Bank by 2.3% in the 2nd quarter. TD Asset Management Inc. now owns 52,854,789 shares of the bank’s stock worth $2,659,630,000 after buying an additional 1,177,451 shares during the last quarter. Institutional investors and hedge funds own 48.66% of the company’s stock.

Toronto Dominion Bank declared that its Board of Directors has initiated a share repurchase program on Thursday, August 31st that permits the company to repurchase 20,000,000 outstanding shares. This repurchase authorization permits the bank to reacquire shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 10th will be issued a $0.466 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $1.86 annualized dividend and a dividend yield of 3.23%. Toronto Dominion Bank’s dividend payout ratio is currently 44.18%.

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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.

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

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