Desjardins Expects Lower Earnings for Toronto Dominion Bank

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) – Equities research analysts at Desjardins dropped their FY2026 earnings per share estimates for shares of Toronto Dominion Bank in a research report issued on Tuesday, November 11th. Desjardins analyst D. Young now anticipates that the bank will post earnings per share of $6.32 for the year, down from their prior forecast of $6.35. Desjardins has a “Buy” rating on the stock. The consensus estimate for Toronto Dominion Bank’s current full-year earnings is $5.48 per share.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, August 28th. The bank reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.45. The company had revenue of $10.12 billion for the quarter, compared to analyst estimates of $13.73 billion. Toronto Dominion Bank had a return on equity of 13.59% and a net margin of 16.40%.Toronto Dominion Bank’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.05 EPS.

Several other analysts have also commented on the company. Royal Bank Of Canada raised Toronto Dominion Bank from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 3rd. Wall Street Zen cut shares of Toronto Dominion Bank from a “hold” rating to a “sell” rating in a research report on Friday, September 26th. Zacks Research lowered shares of Toronto Dominion Bank from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Toronto Dominion Bank in a research report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Toronto Dominion Bank presently has an average rating of “Hold” and an average price target of $93.00.

Toronto Dominion Bank Price Performance

NYSE TD traded down $0.16 on Friday, reaching $81.19. The company’s stock had a trading volume of 749,368 shares, compared to its average volume of 2,034,082. Toronto Dominion Bank has a 52 week low of $51.25 and a 52 week high of $82.93. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.09. The firm has a market cap of $137.73 billion, a PE ratio of 9.48, a price-to-earnings-growth ratio of 1.68 and a beta of 0.79. The business has a 50-day moving average price of $79.64 and a 200 day moving average price of $73.98.

Hedge Funds Weigh In On Toronto Dominion Bank

Institutional investors have recently modified their holdings of the company. Canerector Inc. lifted its holdings in shares of Toronto Dominion Bank by 11,028.0% in the 3rd quarter. Canerector Inc. now owns 22,256,000 shares of the bank’s stock worth $1,779,367,000 after acquiring an additional 22,056,000 shares during the last quarter. Norges Bank bought a new position in shares of Toronto Dominion Bank in the 2nd quarter worth about $1,543,639,000. Goldman Sachs Group Inc. lifted its position in Toronto Dominion Bank by 93.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 12,216,411 shares of the bank’s stock valued at $732,252,000 after acquiring an additional 5,917,078 shares during the period. Federation des caisses Desjardins du Quebec lifted its position in Toronto Dominion Bank by 48.9% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 14,785,565 shares of the bank’s stock valued at $886,174,000 after acquiring an additional 4,853,498 shares during the period. Finally, Canada Pension Plan Investment Board boosted its stake in Toronto Dominion Bank by 81.6% during the first quarter. Canada Pension Plan Investment Board now owns 10,524,446 shares of the bank’s stock worth $630,746,000 after acquiring an additional 4,729,657 shares in the last quarter. 52.37% of the stock is currently owned by institutional investors.

Toronto Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 10th were given a dividend of $1.05 per share. The ex-dividend date was Friday, October 10th. This is a positive change from Toronto Dominion Bank’s previous quarterly dividend of $0.76. This represents a $4.20 dividend on an annualized basis and a yield of 5.2%. Toronto Dominion Bank’s dividend payout ratio (DPR) is 35.16%.

Toronto Dominion Bank Company Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.