Toronto-Dominion Bank (NYSE:TD) (TSE:TD) – Research analysts at National Bank Financial lowered their Q1 2019 EPS estimates for shares of Toronto-Dominion Bank in a report released on Monday, November 19th. National Bank Financial analyst G. Dechaine now expects that the bank will post earnings per share of $1.32 for the quarter, down from their prior forecast of $1.33. National Bank Financial also issued estimates for Toronto-Dominion Bank’s Q2 2019 earnings at $1.31 EPS and FY2020 earnings at $5.68 EPS.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, August 30th. The bank reported $1.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.43. The business had revenue of $7.58 billion during the quarter, compared to the consensus estimate of $7.23 billion. Toronto-Dominion Bank had a net margin of 21.82% and a return on equity of 16.63%. During the same quarter last year, the firm earned $1.51 earnings per share.

Several other analysts also recently weighed in on TD. Zacks Investment Research raised shares of Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a research note on Friday, November 16th. ValuEngine downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 7th. Barclays reaffirmed a “hold” rating on shares of Toronto-Dominion Bank in a research note on Friday, November 16th. Finally, TheStreet raised shares of Toronto-Dominion Bank from a “c+” rating to a “b” rating in a research note on Tuesday, September 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. Toronto-Dominion Bank presently has an average rating of “Buy” and a consensus target price of $79.00.

Shares of NYSE TD opened at $52.92 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $99.79 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 0.96 and a beta of 1.01. Toronto-Dominion Bank has a 1 year low of $52.83 and a 1 year high of $62.00.

Hedge funds have recently modified their holdings of the stock. First Manhattan Co. increased its holdings in Toronto-Dominion Bank by 106.9% during the third quarter. First Manhattan Co. now owns 1,970 shares of the bank’s stock valued at $119,000 after buying an additional 1,018 shares during the period. Huntington National Bank increased its holdings in Toronto-Dominion Bank by 216.9% during the third quarter. Huntington National Bank now owns 2,114 shares of the bank’s stock valued at $129,000 after buying an additional 1,447 shares during the period. Quad Cities Investment Group LLC purchased a new position in Toronto-Dominion Bank during the second quarter valued at approximately $139,000. Destination Wealth Management purchased a new position in Toronto-Dominion Bank during the second quarter valued at approximately $139,000. Finally, Atlas Capital Advisors LLC increased its holdings in Toronto-Dominion Bank by 1,361.3% during the second quarter. Atlas Capital Advisors LLC now owns 2,455 shares of the bank’s stock valued at $142,000 after buying an additional 2,287 shares during the period. 47.43% of the stock is currently owned by institutional investors.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Wednesday, October 10th were paid a dividend of $0.5144 per share. This represents a $2.06 annualized dividend and a dividend yield of 3.89%. The ex-dividend date of this dividend was Tuesday, October 9th. Toronto-Dominion Bank’s dividend payout ratio is presently 49.06%.

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

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