Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) – Equities research analysts at Desjardins issued their Q1 2018 EPS estimates for shares of Toronto Dominion Bank in a research report issued to clients and investors on Thursday. Desjardins analyst D. Young expects that the bank will post earnings of $1.08 per share for the quarter. Desjardins also issued estimates for Toronto Dominion Bank’s Q2 2018 earnings at $1.13 EPS, Q3 2018 earnings at $1.19 EPS, Q4 2018 earnings at $1.15 EPS and FY2019 earnings at $4.92 EPS.
Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings data on Thursday, August 31st. The bank reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.06. Toronto Dominion Bank had a net margin of 23.09% and a return on equity of 15.27%. The company had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.05 billion. During the same period in the previous year, the firm posted $1.27 EPS. The firm’s revenue was up 6.7% compared to the same quarter last year.
Shares of Toronto Dominion Bank (TD) opened at $57.79 on Monday. Toronto Dominion Bank has a fifty-two week low of $45.18 and a fifty-two week high of $58.76. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.14. 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.
Institutional investors have recently bought and sold shares of the business. Omnia Family Wealth LLC increased its position in shares of Toronto Dominion Bank by 0.4% in the second quarter. Omnia Family Wealth LLC now owns 5,615 shares of the bank’s stock valued at $283,000 after acquiring an additional 24 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in shares of Toronto Dominion Bank by 0.8% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 6,181 shares of the bank’s stock valued at $319,000 after acquiring an additional 47 shares during the period. Teachers Advisors LLC increased its position in shares of Toronto Dominion Bank by 3.7% in the second quarter. Teachers Advisors LLC now owns 2,556 shares of the bank’s stock valued at $129,000 after acquiring an additional 92 shares during the period. Advisor Partners LLC increased its position in shares of Toronto Dominion Bank by 2.6% in the second quarter. Advisor Partners LLC now owns 5,140 shares of the bank’s stock valued at $259,000 after acquiring an additional 130 shares during the period. Finally, Parallel Advisors LLC increased its position in shares of Toronto Dominion Bank by 10.0% in the second quarter. Parallel Advisors LLC now owns 2,151 shares of the bank’s stock valued at $111,000 after acquiring an additional 196 shares during the period. 48.66% of the stock is owned by institutional investors and hedge funds.
Toronto Dominion Bank declared that its board has initiated a share repurchase plan on Thursday, August 31st that permits the company to repurchase 20,000,000 outstanding shares. This repurchase authorization permits the bank to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th will be paid a $0.466 dividend. This represents a $1.86 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend is Tuesday, January 9th. Toronto Dominion Bank’s dividend payout ratio is presently 44.18%.
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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