The Toronto-Dominion Bank (TSE:TD) to Post FY2024 Earnings of $7.85 Per Share, Desjardins Forecasts

The Toronto-Dominion Bank (TSE:TDFree Report) (NYSE:TD) – Stock analysts at Desjardins cut their FY2024 earnings per share (EPS) estimates for shares of Toronto-Dominion Bank in a research report issued to clients and investors on Tuesday, February 6th. Desjardins analyst D. Young now forecasts that the company will post earnings per share of $7.85 for the year, down from their prior estimate of $8.05. Desjardins has a “Buy” rating and a $94.00 price objective on the stock. The consensus estimate for Toronto-Dominion Bank’s current full-year earnings is $7.91 per share. Desjardins also issued estimates for Toronto-Dominion Bank’s FY2025 earnings at $8.45 EPS.

Toronto-Dominion Bank (TSE:TDGet Free Report) (NYSE:TD) last issued its quarterly earnings results on Thursday, November 30th. The company reported C$1.83 EPS for the quarter, missing the consensus estimate of C$1.92 by C($0.09). The business had revenue of C$13.12 billion during the quarter, compared to the consensus estimate of C$12.53 billion. Toronto-Dominion Bank had a return on equity of 9.65% and a net margin of 21.91%.

TD has been the subject of a number of other research reports. Scotiabank downgraded Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from C$95.00 to C$86.00 in a report on Wednesday, December 20th. Keefe, Bruyette & Woods lowered their price target on Toronto-Dominion Bank from C$95.00 to C$94.00 and set an “outperform” rating for the company in a report on Thursday, November 23rd. CIBC lowered their price target on Toronto-Dominion Bank from C$86.00 to C$84.00 and set a “neutral” rating for the company in a report on Friday, December 1st. National Bankshares upped their price objective on Toronto-Dominion Bank from C$86.00 to C$92.00 and gave the stock a “sector perform” rating in a research report on Wednesday, December 20th. Finally, Canaccord Genuity Group set a C$94.00 price objective on Toronto-Dominion Bank and gave the stock a “buy” rating in a research report on Monday, December 18th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Toronto-Dominion Bank presently has an average rating of “Moderate Buy” and an average target price of C$90.55.

Read Our Latest Stock Analysis on TD

Toronto-Dominion Bank Stock Performance

Toronto-Dominion Bank stock opened at C$79.49 on Thursday. The firm has a market cap of C$142.29 billion, a P/E ratio of 14.40, a P/E/G ratio of 1.06 and a beta of 0.85. Toronto-Dominion Bank has a 52 week low of C$75.89 and a 52 week high of C$94.05. The business’s fifty day moving average is C$82.70 and its two-hundred day moving average is C$82.48.

Toronto-Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 31st were given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 5.13%. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend was Tuesday, January 9th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 73.91%.

Insider Activity

In other Toronto-Dominion Bank news, Senior Officer Riaz Ahmed sold 42,500 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of C$82.26, for a total transaction of C$3,496,050.00. In other Toronto-Dominion Bank news, Senior Officer Barbara Ann Hooper sold 9,162 shares of the company’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of C$80.49, for a total value of C$737,449.38. Also, Senior Officer Riaz Ahmed sold 42,500 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of C$82.26, for a total value of C$3,496,050.00. Insiders sold a total of 57,422 shares of company stock valued at $4,719,931 over the last three months. Insiders own 0.10% of the company’s stock.

About Toronto-Dominion Bank

(Get Free Report)

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.

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

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