Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Stock analysts at Desjardins issued their Q1 2019 earnings per share (EPS) estimates for shares of Toronto-Dominion Bank in a research note issued on Thursday, November 29th. Desjardins analyst D. Young anticipates that the company will post earnings per share of $1.69 for the quarter. Desjardins currently has a “Buy” rating and a $87.00 price target on the stock. Desjardins also issued estimates for Toronto-Dominion Bank’s Q2 2019 earnings at $1.75 EPS, Q3 2019 earnings at $1.77 EPS, Q4 2019 earnings at $1.69 EPS and FY2020 earnings at $7.40 EPS.
Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its quarterly earnings results on Thursday, November 29th. The company reported C$1.63 EPS for the quarter, beating analysts’ consensus estimates of C$1.62 by C$0.01. The firm had revenue of C$10.12 billion for the quarter, compared to the consensus estimate of C$9.55 billion.
Several other equities research analysts also recently weighed in on the company. BMO Capital Markets increased their price target on Toronto-Dominion Bank from C$82.00 to C$83.00 in a report on Friday, August 31st. Barclays cut their price target on Toronto-Dominion Bank from C$82.00 to C$78.00 in a report on Friday, November 16th. National Bank Financial raised their price objective on Toronto-Dominion Bank from C$84.00 to C$86.00 and gave the stock an “outperform” rating in a research report on Friday, August 31st. Canaccord Genuity lowered their price objective on Toronto-Dominion Bank from C$89.00 to C$83.00 in a research report on Thursday, November 22nd. Finally, Eight Capital lifted their price target on Toronto-Dominion Bank from C$89.00 to C$93.00 in a research report 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. The company presently has a consensus rating of “Buy” and a consensus price target of C$85.31.
TSE:TD opened at C$73.56 on Monday. Toronto-Dominion Bank has a 1 year low of C$69.21 and a 1 year high of C$80.05.
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Thursday, January 10th will be issued 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 yield of 3.64%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 43.42%.
In other news, insider Michael George Rhodes sold 25,824 shares of the firm’s stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of C$78.98, for a total transaction of C$2,039,579.52.
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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