Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Equities researchers at Cormark issued their Q1 2019 EPS estimates for shares of Toronto-Dominion Bank in a research note issued on Thursday, November 29th. Cormark analyst M. Grauman forecasts that the company will post earnings per share of $1.65 for the quarter. Cormark also issued estimates for Toronto-Dominion Bank’s Q2 2019 earnings at $1.64 EPS, Q3 2019 earnings at $1.79 EPS, Q4 2019 earnings at $1.86 EPS, Q1 2020 earnings at $1.76 EPS, Q2 2020 earnings at $1.79 EPS, Q3 2020 earnings at $1.89 EPS and Q4 2020 earnings at $1.97 EPS.
Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its earnings results on Thursday, November 29th. The company reported C$1.63 EPS for the quarter, topping analysts’ consensus estimates of C$1.62 by C$0.01. The company had revenue of C$10.12 billion during the quarter, compared to the consensus estimate of C$9.55 billion.
Several other analysts also recently issued reports on TD. Canaccord Genuity lifted their price target on shares of Toronto-Dominion Bank from C$83.00 to C$84.00 in a research report on Friday. National Bank Financial cut their price objective on shares of Toronto-Dominion Bank from C$86.00 to C$85.00 and set an “outperform” rating on the stock in a report on Friday. Barclays lowered their target price on Toronto-Dominion Bank from C$82.00 to C$78.00 in a research note on Friday, November 16th. Eight Capital lifted their target price on Toronto-Dominion Bank from C$93.00 to C$94.00 in a research note on Friday. Finally, BMO Capital Markets boosted their price objective on Toronto-Dominion Bank from C$82.00 to C$83.00 in a research note on Friday, August 31st. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of C$85.31.
Toronto-Dominion Bank stock opened at C$73.56 on Monday. Toronto-Dominion Bank has a 52-week low of C$69.21 and a 52-week high of C$80.05.
In related news, insider Michael George Rhodes sold 25,824 shares of the stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of C$78.98, for a total transaction of C$2,039,579.52.
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 31st. Stockholders of record on Thursday, January 10th will be paid a $0.67 dividend. The ex-dividend date of this dividend is Wednesday, January 9th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.64%. Toronto-Dominion Bank’s dividend payout ratio is currently 43.42%.
About Toronto-Dominion Bank
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to small, medium, and large businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.
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