Cormark Weighs in on Toronto-Dominion Bank’s FY2018 Earnings (TD)

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Equities researchers at Cormark boosted their FY2018 earnings estimates for shares of Toronto-Dominion Bank in a research report issued on Friday. Cormark analyst M. Grauman now expects that the company will earn $6.02 per share for the year, up from their prior estimate of $5.98. Cormark also issued estimates for Toronto-Dominion Bank’s FY2019 earnings at $6.46 EPS.

TD has been the topic of a number of other research reports. National Bank Financial upped their target price on shares of Toronto-Dominion Bank from C$74.00 to C$78.00 and gave the company an “outperform” rating in a research note on Friday, December 1st. CIBC upgraded shares of Toronto-Dominion Bank from a “neutral” rating to an “outperform” rating and upped their target price for the company from C$79.00 to C$84.00 in a research note on Thursday, February 1st. BMO Capital Markets upped their target price on shares of Toronto-Dominion Bank from C$74.00 to C$76.00 in a research note on Friday, December 1st. CSFB boosted their price objective on shares of Toronto-Dominion Bank from C$75.00 to C$77.00 in a research report on Friday, December 1st. Finally, Royal Bank of Canada boosted their price objective on shares of Toronto-Dominion Bank from C$81.00 to C$84.00 in a research report on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of C$77.33.

Shares of Toronto-Dominion Bank (TD) traded down C$0.20 during trading on Monday, hitting C$72.35. 510,714 shares of the stock were exchanged, compared to its average volume of 3,319,689. The firm has a market cap of $133,740.00, a price-to-earnings ratio of 13.21 and a beta of 0.55. Toronto-Dominion Bank has a 1-year low of C$61.50 and a 1-year high of C$75.21.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its quarterly earnings data on Thursday, November 30th. The company reported C$1.36 EPS for the quarter, missing analysts’ consensus estimates of C$1.41 by C($0.05). Toronto-Dominion Bank had a return on equity of 15.43% and a net margin of 28.14%. The firm had revenue of C$9.27 billion during the quarter, compared to analyst estimates of C$9.03 billion.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend was Tuesday, January 9th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 42.81%.

In other news, insider Theresa Lynn Currie sold 59,560 shares of the stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of C$72.64, for a total value of C$4,326,438.40. Also, insider Robert E. Dorrance sold 374,400 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of C$73.69, for a total transaction of C$27,589,536.00.

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About Toronto-Dominion Bank

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

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