Cormark Weighs in on The Toronto-Dominion Bank’s FY2022 Earnings (TSE:TD)

The Toronto-Dominion Bank (TSE:TDGet Rating) (NYSE:TD) – Cormark lowered their FY2022 earnings estimates for Toronto-Dominion Bank in a report issued on Tuesday, November 22nd. Cormark analyst L. Persaud now forecasts that the company will earn $8.18 per share for the year, down from their previous estimate of $8.26. Cormark currently has a “Buy” rating on the stock. The consensus estimate for Toronto-Dominion Bank’s current full-year earnings is $8.92 per share. Cormark also issued estimates for Toronto-Dominion Bank’s Q4 2022 earnings at $2.00 EPS, FY2023 earnings at $9.13 EPS and FY2024 earnings at $9.45 EPS.

A number of other analysts have also recently weighed in on the stock. Jefferies Financial Group raised their price objective on shares of Toronto-Dominion Bank from C$102.00 to C$106.00 in a report on Friday, August 26th. Scotiabank cut their price objective on shares of Toronto-Dominion Bank from C$101.00 to C$100.00 in a report on Tuesday. BMO Capital Markets cut their price objective on shares of Toronto-Dominion Bank from C$100.00 to C$95.00 in a report on Friday, September 2nd. Kaufman Brothers cut their price objective on shares of Toronto-Dominion Bank from C$93.00 to C$86.00 in a report on Monday, August 8th. Finally, CIBC cut their price objective on shares of Toronto-Dominion Bank from C$97.00 to C$93.00 in a report on Wednesday, September 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$99.44.

Toronto-Dominion Bank Stock Up 0.0 %

Shares of TSE:TD opened at C$90.96 on Thursday. The firm’s 50 day moving average price is C$86.62 and its 200 day moving average price is C$86.96. The stock has a market cap of C$164.92 billion and a price-to-earnings ratio of 11.55. Toronto-Dominion Bank has a fifty-two week low of C$77.27 and a fifty-two week high of C$109.08.

Toronto-Dominion Bank (TSE:TDGet Rating) (NYSE:TD) last issued its earnings results on Thursday, August 25th. The company reported C$2.09 earnings per share for the quarter, beating the consensus estimate of C$2.00 by C$0.09. The firm had revenue of C$10.93 billion during the quarter.

Toronto-Dominion Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Friday, October 7th were given a $0.89 dividend. The ex-dividend date was Thursday, October 6th. This represents a $3.56 dividend on an annualized basis and a yield of 3.91%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 43.85%.

About Toronto-Dominion Bank

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The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking segments. 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 businesses; and financing options to customers at point of sale for automotive and recreational vehicle purchases.

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

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