Toronto-Dominion Bank (TD) Set to Announce Earnings on Thursday

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) is set to post its quarterly earnings results before the market opens on Thursday, May 23rd. Analysts expect Toronto-Dominion Bank to post earnings of C$1.69 per share for the quarter.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its quarterly earnings results on Thursday, February 28th. The company reported C$1.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$1.73 by C($0.16). The business had revenue of C$10 billion for the quarter, compared to the consensus estimate of C$9.67 billion.

Toronto-Dominion Bank stock opened at C$73.98 on Thursday. Toronto-Dominion Bank has a 12-month low of C$65.56 and a 12-month high of C$80.05. The stock has a market cap of $135.01 billion and a price-to-earnings ratio of 12.25.

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 10th were paid a dividend of $0.74 per share. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.67. This represents a $2.96 annualized dividend and a dividend yield of 4.00%. The ex-dividend date of this dividend was Tuesday, April 9th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 44.36%.

Several equities research analysts have issued reports on the stock. Canaccord Genuity decreased their price target on shares of Toronto-Dominion Bank from C$84.00 to C$82.00 in a research note on Wednesday. Desjardins raised their price target on shares of Toronto-Dominion Bank from C$82.00 to C$83.00 in a research note on Tuesday. Finally, National Bank Financial decreased their price target on shares of Toronto-Dominion Bank from C$85.00 to C$83.00 and set an “outperform” rating on the stock in a research note on Friday, March 1st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of C$85.17.

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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. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to 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.

Further Reading: Oversold

Earnings History for Toronto-Dominion Bank (TSE:TD)

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