Wall Street brokerages expect Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) to report earnings per share of $1.08 for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Toronto Dominion Bank (The)’s earnings. The highest EPS estimate is $1.09 and the lowest is $1.05. Toronto Dominion Bank (The) posted earnings of $0.97 per share in the same quarter last year, which would suggest a positive year over year growth rate of 11.3%. The business is expected to report its next earnings results before the market opens on Thursday, August 31st.

On average, analysts expect that Toronto Dominion Bank (The) will report full-year earnings of $4.24 per share for the current year, with EPS estimates ranging from $4.21 to $4.30. For the next financial year, analysts forecast that the company will report earnings of $4.53 per share, with EPS estimates ranging from $4.46 to $4.62. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Toronto Dominion Bank (The).

Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, August 31st. The bank reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.15. Toronto Dominion Bank (The) had a net margin of 22.56% and a return on equity of 14.09%. The company had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.05 billion. During the same quarter last year, the business posted $1.27 EPS. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis.

Several brokerages have recently issued reports on TD. BidaskClub raised shares of Toronto Dominion Bank (The) from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Zacks Investment Research cut shares of Toronto Dominion Bank (The) from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Canaccord Genuity began coverage on shares of Toronto Dominion Bank (The) in a research report on Tuesday, July 18th. They set a “buy” rating on the stock. Howard Weil raised shares of Toronto Dominion Bank (The) to an “outperform” rating in a research report on Monday, August 21st. Finally, Scotiabank raised shares of Toronto Dominion Bank (The) from a “sector perform” rating to an “outperform” rating in a research report on Monday, August 21st. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Toronto Dominion Bank (The) currently has a consensus rating of “Buy” and an average target price of $63.50.

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Shares of Toronto Dominion Bank (NYSE:TD) traded up 4.11% during midday trading on Monday, reaching $53.48. 1,845,676 shares of the company were exchanged. Toronto Dominion Bank has a 52 week low of $43.09 and a 52 week high of $54.44. The firm has a market capitalization of $98.59 billion, a P/E ratio of 13.40 and a beta of 0.89. The firm has a 50-day moving average of $51.13 and a 200 day moving average of $49.80.

Hedge funds have recently modified their holdings of the stock. Meeder Asset Management Inc. boosted its stake in shares of Toronto Dominion Bank (The) by 25.5% in the first quarter. Meeder Asset Management Inc. now owns 2,187 shares of the bank’s stock valued at $110,000 after buying an additional 444 shares during the period. Parallel Advisors LLC boosted its stake in shares of Toronto Dominion Bank (The) by 10.0% in the second quarter. Parallel Advisors LLC now owns 2,151 shares of the bank’s stock valued at $111,000 after buying an additional 196 shares during the period. Cornerstone Advisors Inc. boosted its stake in shares of Toronto Dominion Bank (The) by 5.2% in the second quarter. Cornerstone Advisors Inc. now owns 2,319 shares of the bank’s stock valued at $117,000 after buying an additional 114 shares during the period. Cribstone Capital Management LLC boosted its stake in shares of Toronto Dominion Bank (The) by 47.3% in the second quarter. Cribstone Capital Management LLC now owns 2,341 shares of the bank’s stock valued at $118,000 after buying an additional 752 shares during the period. Finally, Advisory Services Network LLC boosted its stake in shares of Toronto Dominion Bank (The) by 26.1% in the second quarter. Advisory Services Network LLC now owns 2,353 shares of the bank’s stock valued at $119,000 after buying an additional 487 shares during the period. 47.85% of the stock is currently owned by hedge funds and other institutional investors.

Toronto Dominion Bank (The) Company Profile

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.

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

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