Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Analysts at National Bank Financial lowered their Q2 2019 earnings estimates for shares of Toronto-Dominion Bank in a note issued to investors on Sunday, May 12th. National Bank Financial analyst G. Dechaine now anticipates that the company will post earnings per share of $1.66 for the quarter, down from their previous forecast of $1.67. National Bank Financial currently has a “Outperform” rating and a $83.00 target price on the stock. National Bank Financial also issued estimates for Toronto-Dominion Bank’s Q3 2019 earnings at $1.76 EPS, FY2019 earnings at $6.67 EPS and FY2020 earnings at $7.06 EPS.

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

A number of other analysts have also weighed in on the company. Canaccord Genuity lowered their target price on Toronto-Dominion Bank from C$84.00 to C$82.00 in a report on Wednesday. Desjardins upped their target price on Toronto-Dominion Bank from C$82.00 to C$83.00 in a report on Tuesday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of C$85.17.

Shares of TSE:TD opened at C$73.98 on Wednesday. Toronto-Dominion Bank has a 52-week low of C$65.56 and a 52-week high of C$80.05. The company has a market capitalization of $135.01 billion and a P/E ratio of 12.25.

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

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

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