Toronto-Dominion Bank (NYSE:TD) (TSE:TD) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, May 23rd. Analysts expect the company to announce earnings of $1.29 per share for the quarter.
Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its earnings results on Thursday, February 28th. The bank reported $1.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.13). Toronto-Dominion Bank had a net margin of 20.48% and a return on equity of 16.36%. The business had revenue of $7.51 billion for the quarter, compared to analysts’ expectations of $7.35 billion. On average, analysts expect Toronto-Dominion Bank to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
NYSE:TD opened at $55.07 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.93 and a current ratio of 0.93. Toronto-Dominion Bank has a fifty-two week low of $47.73 and a fifty-two week high of $62.00. The stock has a market cap of $100.03 billion, a price-to-earnings ratio of 10.95, a price-to-earnings-growth ratio of 1.52 and a beta of 1.06.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 10th were paid a dividend of $0.564 per share. This represents a $2.26 annualized dividend and a yield of 4.10%. The ex-dividend date was Tuesday, April 9th. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.51. Toronto-Dominion Bank’s payout ratio is 44.14%.
Several brokerages recently commented on TD. Zacks Investment Research cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. BMO Capital Markets reissued a “buy” rating on shares of Toronto-Dominion Bank in a research note on Thursday, February 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $60.00.
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.
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