Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) released its quarterly earnings results on Thursday. The bank reported $1.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.06, Morningstar.com reports. Toronto Dominion Bank (The) had a net margin of 22.85% and a return on equity of 14.67%. The firm had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.05 billion. During the same quarter in the prior year, the firm earned $1.27 EPS. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year.

Toronto Dominion Bank (NYSE:TD) opened at 54.50 on Friday. The firm has a 50-day moving average price of $51.38 and a 200 day moving average price of $49.82. Toronto Dominion Bank has a 1-year low of $43.09 and a 1-year high of $54.54. The company has a market capitalization of $100.47 billion, a P/E ratio of 13.66 and a beta of 0.88.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 6th will be paid a dividend of $0.475 per share. The ex-dividend date is Thursday, October 5th. This is an increase from Toronto Dominion Bank (The)’s previous quarterly dividend of $0.44. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.49%. Toronto Dominion Bank (The)’s payout ratio is 46.37%.

ILLEGAL ACTIVITY WARNING: “Toronto Dominion Bank (The) (TD) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS” was originally reported by Watch List News and is owned by of Watch List News. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this piece of content can be accessed at https://www.watchlistnews.com/toronto-dominion-bank-the-td-posts-quarterly-earnings-results-beats-expectations-by-0-06-eps/1537671.html.

Toronto Dominion Bank (The) declared that its board has authorized a stock buyback program on Thursday, August 31st that allows the company to repurchase 20,000,000 shares. This repurchase authorization allows the bank to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. British Columbia Investment Management Corp boosted its stake in Toronto Dominion Bank (The) by 0.8% in the first quarter. British Columbia Investment Management Corp now owns 287,028 shares of the bank’s stock worth $10,780,000 after buying an additional 2,300 shares during the period. Covenant Asset Management LLC boosted its stake in Toronto Dominion Bank (The) by 7.9% in the second quarter. Covenant Asset Management LLC now owns 16,627 shares of the bank’s stock worth $838,000 after buying an additional 1,215 shares during the period. World Asset Management Inc boosted its stake in Toronto Dominion Bank (The) by 1.5% in the first quarter. World Asset Management Inc now owns 115,629 shares of the bank’s stock worth $5,792,000 after buying an additional 1,699 shares during the period. TD Asset Management Inc. boosted its stake in Toronto Dominion Bank (The) by 1.1% in the first quarter. TD Asset Management Inc. now owns 51,677,338 shares of the bank’s stock worth $2,581,058,000 after buying an additional 567,500 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in Toronto Dominion Bank (The) by 75.0% in the first quarter. Wells Fargo & Company MN now owns 2,249,351 shares of the bank’s stock worth $112,670,000 after buying an additional 963,782 shares during the period. Institutional investors own 47.85% of the company’s stock.

Several equities research analysts have recently commented on the stock. BidaskClub lowered shares of Toronto Dominion Bank (The) from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Canaccord Genuity reaffirmed a “buy” rating and set a $72.00 price target on shares of Toronto Dominion Bank (The) in a research report on Thursday. Zacks Investment Research raised shares of Toronto Dominion Bank (The) from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research report on Wednesday, August 9th. Howard Weil upgraded Toronto Dominion Bank (The) to an “outperform” rating in a research note on Monday, August 21st. Finally, Scotiabank upgraded Toronto Dominion Bank (The) from a “sector perform” rating to an “outperform” rating in a research note on Monday, August 21st. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Toronto Dominion Bank (The) presently has a consensus rating of “Buy” and an average target price of $65.20.

About Toronto Dominion Bank (The)

Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.

Earnings History for Toronto Dominion Bank (The) (NYSE:TD)

Receive News & Ratings for Toronto Dominion Bank (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toronto Dominion Bank (The) and related companies with Analyst Ratings Network's FREE daily email newsletter.