Toronto-Dominion Bank (TD) Expected to Post Q1 2018 Earnings of $1.46 Per Share

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) – Analysts at Desjardins upped their Q1 2018 earnings per share estimates for shares of Toronto-Dominion Bank in a research report issued on Friday. Desjardins analyst D. Young now expects that the company will earn $1.46 per share for the quarter, up from their previous forecast of $1.39. Desjardins also issued estimates for Toronto-Dominion Bank’s FY2018 earnings at $5.97 EPS and FY2019 earnings at $6.40 EPS.

Other equities research analysts also recently issued reports about the stock. Eight Capital raised their target price on shares of Toronto-Dominion Bank from C$73.00 to C$76.00 in a research note on Friday, December 1st. CSFB raised their target price on shares of Toronto-Dominion Bank from C$75.00 to C$77.00 in a research note on Friday, December 1st. Canaccord Genuity raised their target price on shares of Toronto-Dominion Bank from C$78.00 to C$80.00 in a research note on Friday, December 1st. BMO Capital Markets raised 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. Finally, CIBC lifted their price target on shares of Toronto-Dominion Bank from C$73.00 to C$79.00 in a research note on Monday, November 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of C$77.33.

Shares of Toronto-Dominion Bank (TSE:TD) opened at C$72.49 on Monday. The firm has a market cap of $133,620.00, a P/E ratio of 13.20 and a beta of 0.55. Toronto-Dominion Bank has a one year low of C$61.50 and a one year high of C$75.21.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.31%. The ex-dividend date was Tuesday, January 9th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 42.81%.

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

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Toronto-Dominion Bank 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.

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

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